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Finance committee As somebody who deals with incentives, I would say that whenever you have an interest that you can gain something, chances are that the opinion is biased.
February 1st, 2007Committee meeting
Prof. Ramy Elitzur
Finance committee I wouldn't name the company, but one example is of a company that basically went public recently as an income trust. It's a telecom company, and I guess you can guess the name. They have huge investments that they face. They also are facing a potential attack in terms of their re
February 1st, 2007Committee meeting
Prof. Ramy Elitzur
Finance committee The incentives were basically to go and register as an income trust because the financial institutions were having a party. Instead of being listed on NASDAQ, they got listed here. The CEOs were making lots of money, lawyers were making fees, and everybody was making fees. But in
February 1st, 2007Committee meeting
Prof. Ramy Elitzur
Finance committee When I was 18, I knew everything. Now I know I don't know everything. Thank goodness I have my kids to consult with. I concur with the conclusion. The problem is that companies that are naturally income trusts are companies that don't invest. Thus, if they don't invest in capit
February 1st, 2007Committee meeting
Prof. Ramy Elitzur
Finance committee Thank you for inviting me. It's a great honour and a privilege to be here, and it's a great privilege to see democracy in action. Before I start, I want to point out that as opposed to some of the people who came here, I don't represent any interest group. I don't have any finan
February 1st, 2007Committee meeting
Ramy Elitzur