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| Posted: 13 May 2012 12:43 AM PDT  T-shirts and hooded sweaters seem to have become a favorite clothing founder and CEO Mark Zuckerberg. Because of his favorite, Zuckerberg still wear it in the middle of a formal event that would determine the future of Facebook. This week Zuckerberg started Facebook IPO roadshow offers to a number of investors. His first road show held in New York, and Zuckerberg still wear jeans, sweatshirts and hooded sweater hoodie or popularly called. The style of dress 27-year-old CEO was criticized by the participants who also attended the event. According to Michael Pachter, an analyst with Wedbush Securities, wearing a hoodie in a meeting with potential investors is a serious sign that Zuckerberg did not offer the shares first. I think it's a sign of immaturity. Zuckerberg must demonstrate to investors that Facebook feasible to invest their money "said Pachter. He argues, should show respect to Zuckerberg prospective shareholders believe that he was able to lead a company that will soon sell shares to the public with the biggest value in the history of the technology industry. Other analysts also cast a similar opinion. Dan Olds, an analyst at Gabriel Consulting Group recommends that Zuckerberg is more respect and show respect to people who will fund the company. It could be called as an ignorance or arrogance, or even he did not think about what he was wearing. The first rule in selling the shares do not give the impression was not comfortable before you try to sell it Meanwhile, analyst Brad Shimmin of Current Analysis, said that there are uniform standards when one enters into the world of finance. But it was judged to be too important for Shimmin. "What matters is how investors make decisions," he said. Hoodies are worn Zuckerberg did not mean all due respect to investors, because Zuckerberg did like the clothes that seemed relaxed. Never mind the shirt and sweater, Zuckerberg even had a meeting with Sequia Capital Investment Company, just wear clothes that look like pajamas.  |
| Posted: 12 May 2012 09:20 PM PDT The Chinese government through government-owned bank will take over ownership of banks owned by the United States in the country. This step is getting approval of the White House as one form of increased economic cooperation between the two countries. Industrial and Commercial Bank of China (ICBC) to take over Bank of East Asia United States possessed. This is the first time the U.S. gave China the company approval to take over their businesses. This decision was taken several days after a meeting of high officials of both countries in Beijing. During the meeting, both countries agreed to normalize economic relations and open up wider opportunities for investment. Granted approval from the U.S. because the White House think ICBC is credible banking institutions are able to maintain performance. According to the U.S. central bank, the Fed, the government's bank ICBC is China's important role in the development of the country's economy in recent years. In addition, ICBC is China's largest lender who is trying to expand their global operations. The Fed also dismissed criticism from analysts who doubted China's banking system health. "China's largest bank, such as ICBC, the services of accounting firms 'big four'. There is no evidence to suggest methods of accounting practice in China or China's largest bank is unreliable. Big Four are the four largest accounting firms in the world, PwC, Deloitte Touche Tohmatsu, Ernst & Young and KPMG. The Fed also said, the data of the financial system stability assessment (FSSA) China by the IMF showed positive results. The FSSA is known that China's banking regulations have set a high standard in quality.  |
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