might consider that the employees that work for a public benefit corporation, Nassau OTB, have a longer and more reasoned/seasoned view, than the politicians who revolve in the upper levels of said corporation, and now seek to postpone bankruptcy with slot machines?
Robert C. Pozen
Full Biography
Robert Pozen is a nonresident senior fellow in Economic Studies at the Brookings Institution.
Since 2004, Pozen has served as the chairman of MFS Investment
Management, which manages over $180 billion in assets for over five
million investors worldwide. Prior to this position, he was the John
Olin Visiting Professor at Harvard Law School in 2002 and 2003, where he
taught interdisciplinary courses on corporate governance and financial
institutions. He currently serves as a senior lecturer at the Harvard
Business School.
In late 2001 and 2002, Pozen served on President George W. Bush’s Commission to Strengthen Social Security. He also served as secretary of economic affairs for Massachusetts Governor Mitt Romney (2003), where he helped the governor close the state’s largbudget gap and reorganize its functions in business and technology, labor and workforce traininand consumer affairs. In addition, he supervised the banking and
He was formerly vice chairman of Fidelity Investments and president of Fidelity Management & Research Company, the investment advisor to the Fidelity mutual funds. From 1987 to 1996, Pozen was managing director and general counsel of Fidelity Investments. He was also a director of Fidelity’s insurance company and credit card bank.
Before joining Fidelity, Pozen was a partner at the Washington, D.C., law firm of Caplin & Drysdale, where he led the banking/securities department from 1981 to 1986. Prior to that, he was associate general counsel to the Securities & Exchange Commission from 1978 to 1980. He also was a law professor at Georgetown and New York University from 1973 through 1977.
Born in 1946, Pozen graduated summa cum laude and Phi Beta Kappa from Harvard College, which awarded him a Knox Traveling Fellowship. In 1972, he received a law degree from Yale Law School, where he served on the editorial board of the Yale Law Journal. In 1973, he received a JSD from Yale for his doctoral thesis on state enterprises in Africa.
Pozen has published many articles on various subjects in the Wall Street Journal, the New York Times, the London Financial Times, Foreign Affairs and Harvard Business Review. In addition, he authored the first textbook comparing the regulation of banks to other financial institutions and the main textbook on the mutual fund business. His latest book, published in November 2009, is entitled Too Big To Save? How to Fix the U.S. Financial System.
Stop scratching on holidays
Off Track Betting in New York State has been racing into a crisis called shrinking revenue. Some people have spitballed a solution: Don’t close on holidays.
New York State Racing Law bars racing on Christmas, Easter and Palm Sunday, and the state has ruled OTBs can’t handle action on those days, even though they could easily broadcast races from out of state.
“You should be able to bet whenever you want,” said Jackson Leeds, a Nassau OTB employee who makes an occasional bet. He added some irrefutable logic: “How is the business going to make money if you’re not open to take people’s bets?”
Elias Tsekerides, president of the Federation of Hellenic Societies of Greater New York, said OTB is open on Greek Orthodox Easter and Palm Sunday.
“I don’t want discrimination,” Tsekerides said. “They close for the Catholics, but open for the Greek Orthodox? It’s either open for all or not open.”
OTB officials have said they lose millions by closing on Palm Sunday alone, with tracks such as Gulfstream, Santa Anita, Turf Paradise and Hawthorne running.
One option: OTBs could just stay open and face the consequences. New York City OTB did just that back in 2003. The handle was about $1.5 million – and OTB was fined $5,000.
Easy money.
In late 2001 and 2002, Pozen served on President George W. Bush’s Commission to Strengthen Social Security. He also served as secretary of economic affairs for Massachusetts Governor Mitt Romney (2003), where he helped the governor close the state’s largbudget gap and reorganize its functions in business and technology, labor and workforce traininand consumer affairs. In addition, he supervised the banking and
He was formerly vice chairman of Fidelity Investments and president of Fidelity Management & Research Company, the investment advisor to the Fidelity mutual funds. From 1987 to 1996, Pozen was managing director and general counsel of Fidelity Investments. He was also a director of Fidelity’s insurance company and credit card bank.
Before joining Fidelity, Pozen was a partner at the Washington, D.C., law firm of Caplin & Drysdale, where he led the banking/securities department from 1981 to 1986. Prior to that, he was associate general counsel to the Securities & Exchange Commission from 1978 to 1980. He also was a law professor at Georgetown and New York University from 1973 through 1977.
Born in 1946, Pozen graduated summa cum laude and Phi Beta Kappa from Harvard College, which awarded him a Knox Traveling Fellowship. In 1972, he received a law degree from Yale Law School, where he served on the editorial board of the Yale Law Journal. In 1973, he received a JSD from Yale for his doctoral thesis on state enterprises in Africa.
Pozen has published many articles on various subjects in the Wall Street Journal, the New York Times, the London Financial Times, Foreign Affairs and Harvard Business Review. In addition, he authored the first textbook comparing the regulation of banks to other financial institutions and the main textbook on the mutual fund business. His latest book, published in November 2009, is entitled Too Big To Save? How to Fix the U.S. Financial System.
HI-
Thanks for
the help. The item’s below. I’d be happy to mail you a copy,
if you give me a mailing address.
Claude Solnik
(631) 913-4244
Long
Island Business News
2150
Smithtown Ave.
Ronkonkoma,
NY 11779-7348
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LI Confidential > Stop
scratching on holidays
Stop scratching on holidays
Published: June 1, 2012
Off Track Betting in New York State has been racing into a crisis called shrinking revenue. Some people have spitballed a solution: Don’t close on holidays.
New York State Racing Law bars racing on Christmas, Easter and Palm Sunday, and the state has ruled OTBs can’t handle action on those days, even though they could easily broadcast races from out of state.
“You should be able to bet whenever you want,” said Jackson Leeds, a Nassau OTB employee who makes an occasional bet. He added some irrefutable logic: “How is the business going to make money if you’re not open to take people’s bets?”
Elias Tsekerides, president of the Federation of Hellenic Societies of Greater New York, said OTB is open on Greek Orthodox Easter and Palm Sunday.
“I don’t want discrimination,” Tsekerides said. “They close for the Catholics, but open for the Greek Orthodox? It’s either open for all or not open.”
OTB officials have said they lose millions by closing on Palm Sunday alone, with tracks such as Gulfstream, Santa Anita, Turf Paradise and Hawthorne running.
One option: OTBs could just stay open and face the consequences. New York City OTB did just that back in 2003. The handle was about $1.5 million – and OTB was fined $5,000.
Easy money.
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