Samples 2011

Transcription

Samples 2011
BBBBB*HQLD¶VBBBBBBBL7XQH¶V6WRUH
0XVLF!&RPSRVHUV!-RKQ:LOOLDPV
$OEXP7LWOH
L7XQHV¶1RWHV
-RKQ:LOOLDPVPXVLFLVDPD]LQJ+HFDQEHVRH[FLWLQJDQGWKHQKHFDQEHVRP\VWHULRXV
7KH2O\PSLFIDQIDUHDQGWKHPHDUHJUHDW,WPDNHV\RXIHHOOLNH\RXDUHWKHUHDWWKH
2O\PSLFVFKHHULQJLQDOOWKHH[FLWHPHQWZDWFKLQJWKHDWKOHWHVJRIDVWHUDQGIDVWHUJHWWLQJFDXJKW
XSLQWKHH[FLWHPHQWZKLOHZDWFKLQJWKHPZLQ:KHQ\RXOLVWHQWRLW\RXIHHOOLNH\RXFDQGRDQG
ZLQDQ\WKLQJ\RXWU\:KHQWKHWUXPSHWVSOD\\RXJHWFDXJKWXSLQWKHH[FLWHPHQWMXVWLPDJLQLQJ
\RXDUHUHDOO\DUHDWWKH2O\PSLFV
%XW-RKQ:LOOLDPVFDQDOVREHVRIWDQGP\VWHULRXV,Q+HGZLJ¶VWKHPHLWIHHOVOLNH\RXDUH
ULJKWWKHUHIO\LQJDORQJZLWKKHUDQGVZRRSLQJLQWRWKHGDUNEODFNQLJKWVWUHWFKLQJ\RXUZLQJVDV
\RXKHUHWKHFKLPLQJRIWKHVRIWEHOOV,WLVVRIWO\WKULOOLQJ+HXVHVVRIWLQVWUXPHQWVVXFKDVWKH
EHOOVDQGIOXWHVEXWWKH\PDNHDELJLPSDFWEHFDXVH\RXIHHOOLNH\RXDUHVZHSWXSE\DZLQGIO\LQJ
EHVLGH+HGZLJ%XWKHDOVRZURWHWKHPHVIRUPRYLHVVXFKDV³6WDU:DUV´DQG³-DZV´
%XWP\IDYRULWHLVWKH,QGLDQD-RQHVWKHPHVRQJ,WLVYHU\H[FLWLQJDQGLWIHHOVOLNH\RXDUH
UXQQLQJDZD\IURPDYLOODLQZKLOHVDYLQJDIULHQG7KHWULXPSKDQWURDULQ\RXUHDUVYLFWRU\FRXUVLQJ
WKURXJK\RXUYHLQV
$OORIKLVVRQJVDUHUHDOO\JUHDWDQGDUHILOOHGZLWKHPRWLRQ+HUHDOO\LVDPD]LQJ+LVPXVLF
LVUHDOO\SRZHUIXOEHFDXVHLWLVILOOHGZLWKHPRWLRQDQGLWLVVRUHDOLVWLF
&XVWRPHU5HYLHZV
0DULD&DEEDWD,WKRXJKWWKDWWKLVZDVDPD]LQJ7KHVRXQGRI+HGZLJEHDWLQJKHUZLQJVPDGHZLWKIOXWHV
DQGEHOOV,WKRXJKWWKDWWKHZD\KHXVHGWKHLQVWUXPHQWVWRPDNHWKHVRXQGRIDELUG:KHQP\GDXJKWHU
KHDUGLWVKHWKRXJKWWKHUHZDVDGRYHLQWKHKRXVHFRRLQJDEHDXWLIXOVRQJLQWKHNLWFKHQ
-LPP\/DQJ\,WKRXJKWWKDWWKLVPXVLFZDVWHUULEOH7KHVRXQGRIDOOWKRVHWUXPSHWVJRWVWXFNLQP\KHDG
DQGQRZ,KHDUDIDLQWEX]]LQJHYHU\WLPHVRPHRQHVSHDNV$QG,KDWHWKDWVWXSLGRZO¶VWKHPH:K\ZRXOG
VRPHRQHZDQWWROLVWHQWRVRPHPHWDOEHLQJEDQJHGWKDWSHRSOHFDOOEHOOV:K\ZRXOGVRPHRQHZDQWWR
OLVWHQWRWKDWµFDOPLQJ´QRLVH,GLGQ¶WZDQWWRVOHHS,ZDQWHGWROLVWHQWRPXVLF
7RPP\&UDQJ,WKRXJKWWKDWWKLVZDVQ¶WWKHEHVWPXVLF,HYHUKHDUGEXWLGLGQ¶WKDWHLWHLWKHU:KLOHVRPH
SHRSOHIHOWH[FLWHGE\WKHWKHPH,IHOWWKDWLWZDVQLFHWROLVWHQWRREXWLWGLGQ¶WILOOPHZLWKHPRWLRQ,IRXQG
WKDW+HGZLJ¶VWKHPHZDVEHDXWLIXOZLWKDOOWKHIOXWHVDQGEHOOVFKLPLQJPDNLQJLWVRXQGOLNH,ZDVIO\LQJ
LQWKHZLQG,QGLDQD-RQHVWKHPHLVJRRGEXW,IHHOWKDWLWZDVWU\LQJWRKDUGWRVRXQGH[FLWLQJZLWKDOOWKH
GUXPVDQGWUXPSHWV,WVKRXOGKDYHEHHQDOLWWOHPRUHUHOD[HG
/HQD+DQWHU,WKLQNWKDW-RKQ:LOOLDPVLVDUHDOO\JRRGFRPSRVHUEXWWKLVPXVLFZDVQ¶WIRUPH,I\RXOLNH
H[FLWHPHQWWKHQ\RXZRXOGORYHWKLV,OLNHVRPHWKLQJPRUHUHOD[HGDQGFRXQWU\LVK7KH2O\PSLFWKHPH
ZDVWKULOOLQJDQG,OLNHGWKHWUXPSHWLQJ,WUHDOO\ILOOV\RXZLWKHPRWLRQ,IWKDWRZOFDPHWKURXJKP\ZLQGRZ,
ZRXOGEHUHDOO\XQKDSS\+HGZLJ
VWKHPHVRXQGHGOLNHWKDWFRPSRVHUZDQWHGWRPDNHDOXOODE\,GRQ¶WOLNH
WKHIOXWHV7KH\VRXQGHGWRKLJKIRUPHDQGJDYHPHDKHDGDFKH,QGLDQD-RQHVWKHPHLVWKHPRVWLUULWDWLQJ
PXVLF,KDYHHYHUKHDUG:K\FDQ¶WKHUHVFXHKLVIULHQGVLQVLOHQFH7KHWUXPSHWVZHUHLQFUHGLEO\DQQR\LQJ
2SLQJ5LQHU,ORYHWKLVPXVLFLWLVDZHVRPH,WKLQNWKH2O\PSLFWKHPHZDVJRRGDQGLWUHDOO\PDGHPHIHHO
XSEHDWZLWKWKHG\QDPLFV,WKRXJKWWKDWLWZDVWRRIDVWWKRXJK:K\QRWVDYRUWKHPXVLF
BBBBBBBB/XF\¶VBBBBBBBBL7XQHV6WRUH
0XVLF!&RPSRVHUV!BBB/HRQDUG%HUVWHLQBB
$OEXP7LWOH/RXGDQG%ULJKW
L7XQHV¶1RWHV,I\RXOLVWHQWRWKLVDOEXP\RXZLOOQRWEHDEOHWRVLWVWLOO
7KLVZLOOVWLFNLQ\RXUKHDGDQGNHHS\RXGDQFLQJDOOGD\7KLVMD]]\
FODVVLFLVYHU\DFWLYHDQGWKHG\QDPLFVZLOOVXGGHQO\MXPSORXGHURUVRIWHU
7KHVHWKUHHPXVLFDOSLHFHVLQFOXGHGLQWKLVDOEXPDUHDJUHDWEOHQG
RIDOORIWKHLQVWUXPHQWIDPLOLHVRQHRI/HRQDUG%HUVWHLQ¶VVWUHQJWKVLQ
FRPSRVLQJ7KHWKUHHDPD]LQJSLHFHVDUH&DQGLGH2YHUWXUH0DPER
3UHVWRDQGP\IDYRULWH7LPHV6TXDUH,QWKHFODVVLF7LPHV
6TXDUH,LPDJLQHSHRSOHVWUROOLQJGRZQWKHVWUHHWRQDVXQQ\GD\<RX
VKRXOGJHWWKLVMD]]\DOEXPE\/HRQDUG%HUVWLHQEHFDXVH\RXZLOOIHHOOLNH
GDQFLQJDOOGD\
&XVWRPHU5HYLHZV
%LOO\%RE-RH6D\V7KLVDOEXPLVDZHVRPHDQG,ORYHWKHG\QDPLFV7KH\JHWVRORXGDWRQHSDUW
DQGWKHQVXGGHQO\MXPSVRTXLHWWKDW,FDQEDUHO\KHDULW'R\RXWKLQN,QHHGDKHDULQJDLG",
FDQ¶WZDLWWRXVH&DQLGLH2YHUWXUHLQP\QH[WPRYLHVWDUULQJQRRQHRWKHUWKDQPH%LOO\%RE-RH
0UV)LFKPDQ6D\V7KLVSLHFHPDNHVPHZDQWWRGDQFH7KHSHUIHFWEOHQGRILQVWUXPHQWVPDNH
PHZDQWWRGUDZP\IHHOLQJVZLWKDQRUDQJHFUD\RQ,ZDQWWRSOD\WKHVRQJFDOOHG0DPER3UHVWR
WRP\VHYHQFDWVRUPD\EHWKHNLQGHUJDUWQHUVZRXOGOLNHWRGDQFHWRLWZKLOH,VXEWKHP
$'XQNLQ'RQXWV:RUNHU6D\V7KLVDOEXPKDVSLHFHVWKDWKDYHZD\WRRORXGSDUWV3HRSOH
GRQ¶WOLNHEHLQJGLVWXUEHGZKLOHGULQNLQJWKHLUFRIIHHWUXVWPHWKH\FDQJHWDQJU\6RPHWLPHV
WKHIDVWQHVVPDNHVWKHGRQXWVQRWZDQWWREDNHDQGWKHPXQFKNLQVFDQ¶WWDNHWKHLUQDSZLWKWKDW
UDFNHWWKH\DUHRQO\EDELHV<RXVKRXOGQRWEX\WKLVDOEXP
$&ORZQ)URPWKH&LUFXV6D\V,ZDQWWRXVH7LPHV6TXDUHLQWKHRSHQLQJDFWZKLOH,GR
FDUWZKHHOVDQGIOLSVIURPHOHSKDQWWRHOHSKDQW,WLVORXGDQGFUHDWLYHDQGZLOOPDNHWKHDXGLHQFH
KDSS\DQGZLOORSHQWKHVKRZJUHDWO\
'DQLHO¶VL7XQH¶V6WRUH
0XVLF!&RPSRVHUV!/HRQDUG%HUQVWHLQ
%HUQVWHLQ¶V%DVKLQJ%HJLQQLQJ
7KH)LUVW$OEXPRI0DQ\
L7XQHV¶1RWHV
7KHJUHDW/HRQDUG%HUQVWHLQ¶VILUVWDOEXPKDVRIILFLDOO\EHHQ
UHOHDVHGDQGLWLVRQO\7KHDOEXPLQFOXGHVVHYHQMXLF\DFWLRQ
SDFNHGIDQWDVWLFDOO\IDVFLQDWLQJGUDPDWLFVRQJVZULWWHQE\RQHRIWKH
IHZPXVLFDOJHQLXVHVLQWKLVZRUOG7KLVDOEXPLVDPXVWKDYHEHVWVHOOHU
VZLQJLQJLW¶VZD\WRWKHWRSRIWKHFKDUWV%HRQHRIWKHILUVWRQHKXQGUHG
SHRSOHWREX\LWDQGUHFHLYHDIUHHERQXVVRQJ%XWZDLW7KDW¶VQRWDOO
EX\LWQRZ:H¶OOWKURZLQDIUHH0UV)ULHGPDQSOXVKWR\0DNH\RXUPRYH
EHIRUHZHUXQRXW
&XVWRPHU5HYLHZV
9RRSIURP9DQFRXYHU&DQDGDVDLG,¶YHEHHQVFDPPHG7KHVHOOHU
SURPLVHGD0UV)ULHGPDQSOXVKWR\2IFRXUVHWKHRQO\UHDVRQ,ERXJKW
WKHDOEXPDQGLWFDPHZLWKRQO\RQHOHJ:KDWNLQGRIVLFNSHUVRQGRHV
WKDW"7KLVFDXVHGPHWRKDYHDVWURNHDQGDZKRSSLQJKRVSLWDOELOORI
RYHUDWKRXVDQGGROODUV
0U6KLHOGVIURP/RQJ,VODQG1<VDLG:RZ:KDWDJUHDWDOEXP7KH
WHPSRRIHYHU\VRQJFRRUGLQDWHVSHUIHFWO\ZLWKWKHG\QDPLFV%HUQVWHLQ
PDGHSLFWXUHSHUIHFWFKRLFHVRQWKHLQVWUXPHQWVKHFKRVHWRXVH7KLV
LVE\IDUWKHEHVWZD\,KDYHHYHUVSHQW.HHSXSWKHJRRGZRUN
/HRQDUG
6DPP\6PLWKIURP'DOODV7H[DVVDLG(KKKKQRWWKHEHVWEXWQRWWKH
ZRUVW,WKRXJKWLWZDVRND\EXWZKHQ,SOD\HGLWDWP\IDPLO\UHXQLRQ¶V
EDUEHFXHSHRSOHFDPHXSWRPHZLWKQDVW\FRPPHQWVDERXWWHPSR
LVVXHV³FUHHS\´G\QDPLFVDQGWHUULEOHLQVWUXPHQWXVH,JXHVVWKHLUPRPV
QHYHUWROGWKHP³,I\RXKDYHQRWKLQJQLFHWRVD\GRQ¶WVD\DQ\WKLQJDWDOO´
'DUUHOOH5HYLVIURP1HZ<RUN&LW\1<$VPDQ\RI\RXPLJKWNQRZ,DP
WKH1HZ<RUN-HWVVWDUFRUQHUEDFN,QIDFW,ZDVLQWKH3UR%RZO,
ZDVDWDQLJKWFOXELQ1HZ<RUN&LW\DQG,EURXJKWP\WUXVW\%RRP%R[
DQGP\L3RGZLWKP\EUDQGQHZ³%HUQVWHLQ¶V%DVKLQJ%HJLQQLQJ´
GRZQORDGHGDQGZLWKWKHKHOSRIDIHZIULHQGVE\WKHQDPHRI0DUN6DQ
&KHHVH%DUW6FRRWRYHU%DUW6FRWWDQGP\PHQWDOO\LOOFRDFK5H[
5\DQZKRLVPHQWDOO\LOOIRUFDOOLQJDSDVVSOD\RQIRXUWKDQGRQHLQWKH
$)&&KDPSLRQVKLSJDPHLQVWHDGRIWUXVWLQJ6DQ&KHHVHZLWKWKH
4%6QHDNRQWKHJRDOOLQHZKLFKUHVXOWHGLQWKHZKROHVHDVRQJRLQJ
GRZQWKHGUDLQUDWKHUWKDQDWULSWR6XSHUERZO$Q\ZD\VZHSOD\HG
WKLVURFNLQJPXVLFDQGJRWWKHFOXESXPSLQJWKURXJKWKHQLJKW7KDQNV
%HUQVWHLQ
BBBBBBBBB1DWDOLH¶VBBBBBBBL7XQHV6WRUH
0XVLF!&RPSRVHUV!BBBB-RKQ:LOOLDPVBBBBBBBBBBBBBBBBBBBBBBBBBBBB
$OEXP7LWOH
7KH%HVWRI-RKQ:LOOLDPV
L7XQHV¶1RWHV,I\RXOLNHLQWHUHVWLQJPXVLF\RXZLOODEVROXWHO\ORYHWKLVDOEXP$OORI
-RKQ:LOOLDPV¶PXVLFKDVDEOHQGRILQVWUXPHQWVWKDW\RXZLOODGRUHVXFKDVEUDVV
VWULQJVDQGZRRGZLQG$OORIKLVPXVLFKDVDORWRIIHHOLQJDQGORWVRIHPRWLRQVSXW
LQWRLW,KDYHKHDUGDORWRIKLVPXVLFEHIRUHEXWQHYHUQHZLWZDVKLP+HZURWH
VRQJVVXFKDV+HGZLJ¶V7KHPHDQG2O\PSLF)DQIDUHDQG7KHPH7KLVDOEXPLV
RQO\:KDWDEDUJDLQ,NQRZ,ZRXOGEX\LWMXVWJHWLWDQG\RXZLOO
ORYHLW
&XVWRPHU5HYLHZV
-RQDK5DEXUWDZLW]87VD\V7KLVDOEXPVWLQNVDQG,KDWHLW,WOLNHDOZD\VKDVWKDW
VFDU\DGYHQWXURXVIHHODQG,¶PQRWUHDOO\DIDQRIWKHVWULQJV$OVRP\FDWLVQ
WKRPH
DQGKHWRRNP\FRPSXWHUZLWKKLP+LVQDPHLV5RE
LPDIDQRIWDFRV9$VD\V,DPDOZD\VLQWKHPRRGIRUGDQFLQJDQGWKLVPXVLFUHDOO\
JDYHPHWKDWRSSRUWXQLW\0\IDYRULWHLQVWUXPHQWLVWKHFHOORDQG,KHDUGWKDWDORW
7KDQN\RXIRUJLYLQJPHP\RLQWPHQW,WUHDOO\KHOSV
-RVHSK'DQLHOV1<VD\V,ORYH-RKQ:LOOLDPV+HLVP\LQVSLUDWLRQWREHFRPHD
FRPSRVHU0\IDYRULWHSDUWRIDOORIKLVPXVLFLVGHILDQWO\WKHWUXPSHWVEHFDXVHWKH\
SOD\VXFKDQLPSRUWDQWUROH7KLVDOEXPLVGHILQLWHO\QRWDZDVWHRIPRQH\
RUDJHJRUULODVURFN,/VD\V7KLVDOEXPLV62FRROEXW,¶PQRWVRLPSUHVVHGE\WKH
PXVLFFKRLFHV,WVMXVWWKDWWKHVW\OHRIPXVLFLVQRWP\W\SHEXWWKHPXVLFLVUHDOO\
FRRO,ORYHDOORIWKHLQVWUXPHQWVDQGKRZWKH\SOD\DQLPSRUWDQWUROHOLNHWKHVWULQJV
PDNLQJVRXQGVRIWKHZLQGLQ+HGZLJ¶V7KHPH,ZRXOGUHFRPPHQGWKLVWRVRPH
SHRSOHEXWQRWHYHU\RQH
&DUPRQ/LQGVH\:,VD\V,GRQRWORYHWKLVDOEXPEHFDXVHLWMXVWGRHVQ
WKDYH
WKH³PXVLFDO´IHHOWRPH$OORILWLVOLNH³ZL]DUGO\´DQGDOLWWOHVFDU\,DPVRQRWORYLQJ
WKHWKLQJEHFDXVHZHOOWKHUHLVOLNHQRWDORWRIJRRGVRQJVRQLWVRLWVNLQGRI
DULSRII,WKLQNHYHU\RQHVKRXOGQRWEX\WKLVDOEXP
/LOO\)ORZHU&$VD\V+(<+(<,ORYHWKLVDOEXPVRRRPXFKEHFDXVHLWVOLNHQRW
UHDOO\OLNHVFDU\DQGOLNHVWXII,KDYHOLNHGRJVDWKRPHDQGWKH\ZHUHDOOOLNH
GDQFLQJOLNHRQWKHIORRU2KLWDOVRKDVP\IDYRULWHLQVWUXPHQWLQDORWRIWKHP7+(
)/87(2+<($+*2)/87(NNVR,POLNHJRQQDJRVRRQVR%<(2KDQG
\HDKEX\WKHDOEXP
5(9,(:('
$57,67-RKQ:LOOLDPV$OEXP-RKQ:LOOLDPV¶*UHDWHVW+LWV
$57,&/(:5,77(1%<'DQLHOOH
$57,&/(
2QHVRQJFRPSRVHGE\-RKQ:LOOLDPVFDOOHG³2O\PSLF)DQIDUH7KHPH´LVSHUIHFWIRUWKH
2O\PSLFV,WKDVJUHDWG\QDPLFVWHPSRPRRGDQGLQVWUXPHQWVEHLQJXVHG7KHWHPSREULQJV\RX
LQWRWKHSLHFHZLWKLWVDOOHJURIHHOLQJ7KHG\QDPLFVRIWKHSLHFHPDNH\RXIHHOOLNH\RXDUHLQWKH
2O\PSLFV6RPHLQVWUXPHQWIDPLOLHVWKDW,WKRXJKWSOD\HGDQLPSRUWDQWUROHLQWKHSLHFHZHUHWKH
EUDVVIDPLO\DQGWKHSHUFXVVLRQIDPLO\,WKRXJKWWKHEUDVVIDPLO\SOD\HGDQLPSRUWDQWUROHEHFDXVH
LWJLYHV\RXWKHH[FLWHGDQGKDSS\PRRGRIZLQQLQJDQ\WKLQJ7KHSHUFXVVLRQIDPLO\SOD\HGDQ
LPSRUWDQWUROHLQWKHSLHFHWRPHEHFDXVHLWJLYHV\RXWKHJUHDWEHDWRIWKHVRQJ7KLVPXVLFPDGH
PHIHHOFKHHUIXOKDSS\SRZHUIXODQGH[FLWHGEHFDXVHRIDOOWKHVWURQJLQVWUXPHQWVEHLQJSOD\HG
$QRWKHUVRQJFRPSRVHGE\-RKQ:LOOLDPVFDOOHG³+HGZLJ¶V7KHPH´LVP\IDYRULWHSLHFH7KLV
VRQJLVWKHWKHPHVRQJRI+DUU\3RWWHU6RPHLQVWUXPHQWIDPLOLHVWKDW,WKRXJKWSOD\HGLQWKLV
SLHFHWKDWSOD\HGDQLPSRUWDQWUROHDUHWKHEUDVVDQGSHUFXVVLRQ7KHEUDVVIDPLO\SOD\HGDQ
LPSRUWDQWUROHEHFDXVHLWPDNHV\RXIHHOOLNH\RXDUHIO\LQJWR+RJZDUWVZLWKWKHLQVWUXPHQWV
EHLQJSOD\HG7KHSHUFXVVLRQIDPLO\ZLWKWKHFHOHVWHSOD\LQJVREHDXWLIXOO\JLYLQJ\RXWKHPDJLF
IHHOLQJ7KHPXVLFWRPHZDVH[FLWLQJP\VWHULRXVFUHHS\DQGFRROEHFDXVHRIWKHLQVWUXPHQWV
EHLQJSOD\HG'\QDPLFVDQGWHPSRZHUHYHU\LPSRUWDQWWRWKHPRRGRIWKHSLHFHZLWKLWVVXUSULVLQJ
DFWLRQV,OLNHGWKHSLHFHEHFDXVHLWWDNHV\RXRQDMRXUQH\WKURXJKDPXVLFDOZRUOGZLWKLWVJUHDW
G\QDPLFVWHPSRPRRGDQGLQVWUXPHQWV
$WKLUGVRQJE\-RKQ:LOOLDPVFDOOHG³5DLGHUVRIWKH/RVW$UF´LVDORXGDQGGUDPDWLFVRQJ
7ZRLQVWUXPHQWIDPLOLHVWKDWSOD\HGDQLPSRUWDQWUROHWRPHZHUHEUDVVDQGSHUFXVVLRQ7KH
SHUFXVVLRQIDPLO\SOD\HGDQGLPSRUWDQWUROHLQWKHSLHFHEHFDXVHLWZDVWKHILUVWPXVLFDOIDPLO\
WKDWLQWURGXFHG\RXWKHIHHOLQJRIWKHSLHFH7KHEUDVVIDPLO\SOD\HGDQLPSRUWDQWUROHLQWKHSLHFH
EHFDXVHRILWVH[FLWLQJEHDW7HPSRDQGG\QDPLFVKDGDZHLUGFRROZD\RIWKHIHHOLQJRIWKHVRQJ
E\FRPLQJLQWRWKHVRQJXQH[SHFWHGO\7KHPXVLFWRPHZDVDQQR\LQJORXGDQGGUDPDWLFE\WKH
LQVWUXPHQWVEHLQJSOD\HG,GLGQRWOLNHWKHSLHFHEHFDXVHWKHYROXPHRIWKHVRQJLVWRRORXGDQG
DQQR\LQJIRUPH
-RKQ:LOOLDPV¶$PD]LQJ+LWVLVDJUHDWDOEXP
5(9,(:('
$57,67
/HRQDUG%HUQVWHLQ
$57,&/(:5,77(1%<6KLUD]-RKQVRQ
$57,&/(
7RGD\,¶PWDONLQJDERXWWKHFRPSRVHU/HRQDUG%HUQVWHLQ+HZURWHPXVLFIRU
VHYHUDORSHUDVDQGPXVLFDOV2QHRIWKHPRVWIDPRXVPXVLFDOVKHZURWHPXVLFWRLV
:HVW6LGH6WRU\$ORWRISHRSOHORYHKLVPXVLF,WKLQNLWLV$0$=,1*/HRQDUG¶V
PXVLFLVFKHHU\DQGPDJLFDO
)LUVW,ZLOOWHOO\RXDERXWWKH³&DQGLGH2YHUWXUH´7KLVVRQJLVVRH[FLWLQJ,WLV
UHDOO\IDVWDQGVRPHRIWKHPDLQLQVWUXPHQWVLQLWDUHZRRGZLQGEUDVVDQG
SHUFXVVLRQ-HUU\5VDLGWKLVVRQJZDVVRXSOLIWLQJDQGUHPLQGHGKLPRIDEXV\
FLW\³7KHIDVWZRRGZLQGVPDGHPHWKLQNRIWKLV´2QWKHRWKHUKDQGVRPHSHRSOH
GLGQ¶WHQMR\WKLVSLHFH6X]LH7KDWHGWKLVDOEXP*$63³(YHU\WKLQJDERXWLW
ZDVMXVWDZIXO,GRQ¶WOLNHWKHIDVWWUXPSHWV´6KHVDLGLWPDGHKHUGL]]\
1H[WLV³0DPER3UHVWR´7KLVFDWFK\WXQHLVIURP:HVW6LGH6WRU\$ORWRI
SHRSOHNQRZWKLVVRQJDV³7KH'DQFHDWWKH*\P´7KLVSLHFHRIPXVLFLVIDVWDQG
ORXG³7KHWUXPSHWVPDGHWKLVDGDQFLQJWXQH´VDLGRQHOLVWHQHU³7KH\PDGHLW
VRXQGH[FLWLQJ´$QRWKHUOLVWHQHUVDLG³7KLVSLHFHZDV622222222222IDVW
:KDWPDGHLWIDVWZDVWKHSHRSOH\HOOLQJµ0$0%2¶HYHU\ILYHVHFRQGV,WDOPRVW
PDGHPHIDOOGRZQ,WKLQN,¶PJRQQDVXHWKLVFRPSRVHUIRUKXUWLQJPHZLWKKLV
PXVLF´
)LQDOO\\RXZLOOKHDUDERXW³7LPHV6TXDUH´³7KLVSLHFHZDVYHU\
FKRSS\´VDLG.DW\3³,GLGQ¶WOLNHLWOLNHWKDW,HQMR\VPRRWKPXVLF´$QRWKHUOLVWHQHU
-HVVLH:VDLGWKH\ORYHGWKHFODULQHWVRORLQWKHEHJLQQLQJ³,WPDGHPHIHHOOLNH,
ZDVUHDOO\RQWKHEXV\1HZ<RUNVWUHHWV´$WKLUGOLVWHQHUVDLGWKHGUXPVPDGHWKH
ZKROHSLHFHH[FLWLQJ
7KLVDOEXPZDVUHDOO\MXVWRQHRIP\IDYRULWHV,WZDVIDVWDQG
H[FLWLQJZKLFKLVZKDW,SHUVRQDOO\OLNHLQP\PXVLF6RPHSHRSOH
PLJKWQRWOLNHLWEXW,WKLQNKHLVRQHRIWKHJUHDWHVWFRPSRVHUVHYHU
5(9,(:('$57,67-RKQ:LOOLDPV
$57,&/(:5,77(1%<0DGG\DQG2OLYLD
-RKQ:LOOLDPV*UHDWHVW+LWV
$57,&/(
-RKQ:LOOLDPVFDPHRXWZLWKDDZHVRPHQHZDOEXP+LVQHZDOEXPLQFOXGHV
+HGZLJ
VWKHPH5DLGHUVRIWKHORVWDUFDQG2O\PSLF)DQIDUHDQGWLPH+LVPXVLFLV
H[FLWLQJDQGFDWFK\VRVWDUWOLVWHQLQJWR-RKQ:LOOLDPVDQGKLVDZHVRPHPXVLF
-RKQ:LOOLDP¶V0XVLFDOSLHFH+HGZLJ
VWKHPHLVYHU\PDJLFDO,WJRHVIURP
QLFHDQGSHDFHIXOWRORXGDQGH[FLWLQJ,QWKHEHJLQQLQJKHXVHVWKH&HOHVWHWR
FUHDWHDQHHULHIHHOLQJ$VWKH&HOHVWHEXLOGVXS\RXUHPRWLRQVWKHIUHQFKKRUQ
VXUSULVHV\RXZLWKDHQWKXVLDVWLFIHHOLQJ$VDFKLOOJRHVGRZQ\RXUVSLQH\RX
VWDUWWRIHHODVLI+HGZLJLVULJKWQH[WWR\RXZLWKWKHVRXQGRIKLVEHDWLQJZLQJV
&RPLQJIURP0DGG\VKHVD\VWKLVSLHFHJHWVDQQR\LQJDVLWJRHVRQZLWKWKHHHULH
IHHOLQJ&RPLQJIURP2OLYLDVKHVD\VWKHSLHFHLVFDWFK\DQGZLOOJHWVWXFNLQ\RXU
KHDG,QIDFWDV,DPZULWLQJWKLVVKHLVKXPPLQJWKHWXQHVRLI\RXOLNHFDWFK\
PXVLFWKLVLVWKHSLHFHIRU\RX
5DLGHUVRIWKHORVWDUFEXLOGVXSLQWHQVLW\LWPDGH\RXZDQWWROLVWHQPRUH
DQGPRUH,WZDVDQH[FLWLQJSLHFH7KHUHZDVDYDULHW\RIEUDVVLQVWUXPHQWV
VXFKDVWKHWUXPSHWVD[RSKRQHDQGWXED7KHUHZDVDOVRGUXPVDQGEHOOVEHLQJ
SOD\HG,WLVDYHU\ORQJSLHFHVRLI\RXDUHLPSDWLHQWLVQRWDJRRGVRQJIRU\RX,W
VRXQGHGOLNH\RXZHUHZHOFRPLQJLQVRPHRQHVSHFLDOVRLI\RXZHUHDTXHHQRUWKH
SUHVLGHQW\RXPLJKWOLNHWKLVVRQJEHFDXVHLWPDNHV\RXIHHOVSHFLDODQG
ZHOFRPHG,WDOVRLVYHU\DGYHQWXURXVMXVWOLNHWKHPRYLH,WUHSHDWVLWVHOIVHYHUDO
WLPHVDQGHQGVZLWKH[FLWHPHQW6RLI\RXOLNHWRIHHOVSHFLDODQGOLNHWKLQJVWKDW
UHSHDWWKLVLVWKHVRQJIRU\RX
$OO-RKQ:LOOLDPVVRQJVJRZLWKWKHLUPRYLHSHUIHFWO\+HGZLJVWKHPHLV
PDJLFDODQGVRLV+DUU\3RWWHU5DLGHUVRIWKHORVWDUFLVH[FLWLQJDQGDGYHQWRXUXV
MXVWOLNHWKHPRYLH,I-RKQ:LOOLDPVLVWKHDUWLVWIRU\RXFDOOQRZDQGLI\RXFDOOLQ
WKHQH[WPLQXWHV\RXZLOOJHWDIUHHVLQJDPDMLJWKDWVLQJVRQHJUHHQMHOO\EHDQ
HOHSKDQWVKDYHZULQNOHVDQGRQHRI-RKQ:LOOLDPVVRQJVFDOOQRZLI\RXORYH-RKQ
:LOOLDPVQRWWKHVLQJDPDMLJ

Similar documents

Spring 2006 Newsletter.indd - Government Accountability Project

Spring 2006 Newsletter.indd - Government Accountability Project +DPSVKLUHKH¶VLQYHVWLJDWLQJ/DWHODVW\HDU*UDVVOH\ZURWHWKH &(2RI:\HWKWKDW³LQIRUPDWLRQDQGGRFXPHQWVUHYLHZHGE\WKH FRPPLWWHHDSSHDUWRVXSSRUWDOOHJDWLRQVWKDW:\HWKLQYHVWLJDWHG 1RW...

More information

Kindergarten Presentation

Kindergarten Presentation ,I\RXKDYHVSHFLILFTXHVWLRQVDERXW\RXUFKLOGZHZLOO KDYHDQRSSRUWXQLW\WRDQVZHUWKRVHTXHVWLRQV LQGLYLGXDOO\DIWHUWKLVSUHVHQWDWLRQ

More information