Robin Paterson makes his next (highly critical) move on Countrywide

first_imgHome » News » Agencies & People » Robin Paterson makes his next (highly critical) move on Countrywide previous nextAgencies & PeopleRobin Paterson makes his next (highly critical) move on CountrywideIndustry veteran and Sotheby’s Realty UK owner says unless Countrywide takes his suggestions on board, he will entertain ‘other options’ to turn the company around.Nigel Lewis20th August 202001,833 Views Senior industry veteran Robin Paterson has launched an extraordinary broadside against Countrywide within a five-page letter to its chairman Peter Long setting out his plan for the company.As The Negotiator revealed at the end of July, Paterson has spent the past month hoovering up Countrywide shares via his company Catalist Partners and now holds 3.44 million or 10.48% of the estate agency’s total stock.Catalist is now a significant shareholder and Paterson says he has held several virtual meetings with Long to discuss the company’s ailing performance.The letter says: “We believe it paramount that Countrywide’s stakeholders – employees, shareholders, lenders and customers – receive immediate clarity on the Company’s plans to address the significant fall in the share price; adapt to current trading conditions; address emerging customer needs; respond to evolving competitor models and; critically, explain how this will be achieved, over what time frame and who will implement such change.“The decline in Countrywide’s financial performance over the past four years has been disappointing.“The company’s competitors have outperformed on several key metrics and now command far higher valuations, despite generating lower revenues.”Paterson reveals that he has published the letter because Long has refused to engage any further following initial meetings in July.The proposals include some radical surgery including consolidating many of its 50 brands and reducing its 700-strong branch network and setting up regional off-high street super-hubs.A new senior team is also needed including a CEO (which is currently being sought) and COO as well as a CMO marketing whizz to sell the company’s brands.£300m sell offAs well as establishing a modern CRM system, Paterson suggests selling off its surveying, financial services and commercial arm Lambert Smith Hampton for £300m to clear it debts.Most ominously, Paterson signs off the letter with a threat – that unless Long pulls his finger out, ‘all options’ will be pursued.Paterson’s spokesperson would not reveal what this means in practice, but Long will know it could include a hostile takeover bid or a bid to have the company’s senior management replaced.Read the full text of the letter here. Robin Paterson Peter Long Countrywide August 20, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

Lecturer in Finance, Gary W. Rollins College of Business

first_imga letter of interestcurrent CVevidence of teaching effectiveness or work experiencelist of names, addresses, telephone numbers, and emailaddresses for three (3) references for confidential letters ofrecommendation to be requested. The Department of Finance and Economics in the AACSB-accreditedGary W. Rollins College of Business at the University of Tennesseeat Chattanooga (UTC) invites applications for a non-tenure trackLecturer in Finance position to begin August 1, 2021. Thisappointment is renewable each year given satisfactory performanceand budget.Applicants must minimally have a Master’s degree (e.g. MBA or MSFinance) with appropriate coursework in Finance and workexperience, or have a Ph.D. or DBA in Finance (or closely-relatedfield) or be in the ABD stage of their doctoral studies.Professional designations such as CFA or CFP are preferred.Strong candidates will have compelling evidence of teachingeffectiveness and/or relevant work experience, and excellent oraland written communication skills. Applicants must be able toprovide instruction in a variety of modalities, including online.The main teaching responsibilities will be in the areas ofCorporate Finance, International Finance and Real Estate Finance,and in working with Student Managed Funds. Candidates should bequalified to teach other Finance courses, if the need arises. Theteaching load is four classes per semester. In addition toteaching, the selected candidate is required to activelyparticipate in professional activities sufficient to maintainappropriate qualifications under AACSB standards.The Gary W. Rollins College of Business at the University ofTennessee at Chattanooga recently received the largestphilanthropic gift in the history of UTC from Gary W. Rollins andKathleen Rollins of Atlanta. The $40 million gift established theGary W. Rollins College of Business as the first named college atUTC. The Rollins College of Business is AACSB accredited at theundergraduate and graduate levels, serves approximately 2100students, and has a collegial faculty. The Finance program in theRollins College is the program of choice for students throughoutthe southern Tennessee and north Georgia regions. We strive for ourstudents to be Academically Prepared and Business World Ready. Thishigh-quality, competitive program offers students many uniquebenefits: a state-of-the-art Finance Lab with 10 Bloombergterminals, integrated classroom and technology-based experientiallearning and internships, a Student Success Center with dedicatedcareer advisors, business-world inspired curriculum design,industry speakers and field trips, including an annual trip to WallStreet. Students manage over $1.4 million through the SMILE Fundand two other portfolios. The Finance program is part of the CFAInstitute University Affiliation Program.Review of applicants will begin immediately and continue until theposition is filled. Preference will be given to qualifiedcandidates who apply by January 17, 2021. Interviews will bescheduled in February via Zoom.Applicants should submit the following information within UTC’sonline application system for consideration: Applications must be submitted electronically through the UTCFaculty Career Site.The University of Tennessee at Chattanooga is the second largestschool in the University of Tennessee System, serving a diversestudent body of more than 12,000 undergraduate and graduatestudents through five academic colleges. UTC offers a unique blendof private and public school traditions and is a driving force forachieving excellence, embracing diversity, inspiring positivechange, and enriching the community. Since its founding asChattanooga University in 1886, UTC has developed a reputation forexcellence built on an unusual blend of the private and publictraditions of American higher education.For more than 83 years, the university was a private school. In1969, UTC became part of the state university system. Today, UTC ison a journey to excellence – boldly embracing a passion forexcellence in all things and focused on changing lives andtransforming communities. The UTC commitment is to earn the trustand confidence of those we serve. Our goal is to make a differencein our community and in the lives of our students.Chattanooga, the fourth largest city in the state, is located inSoutheast Tennessee near the border of Georgia at the junction offour interstate highways. The city has received nationalrecognition for the renaissance of its beautiful downtown andredevelopment of its riverfront. Chattanooga also has the fastestinternet in the country. Home to the first Gig Internet in theUnited States, Chattanooga has a 100% fiber network that linksevery home and business in a 600-square mile area. Companies likeUnum, McKee, U.S. Xpress, Volkswagen, Coke and Amazon have chosento set up shop in Chattanooga. Attractions such as the TennesseeAquarium, Lookout Mountain, Civil War battlefield sites, theAfrican American Museum, and the Appalachian Trail bring thousandsof people to the area, as do events like the Riverbend Festival,Nightfall, Jazzanooga, the Creative Discovery Museum for Children,and the Southern Writers Conference. Chattanooga is the home to theseven-time NCAA Southern Conference Football Champions, TheUniversity of Tennessee at Chattanooga Mocs. People who love theoutdoors use Chattanooga as a base for hang-gliding, bass fishing,mountain climbing and caving expeditions; the beautiful SmokyMountains and Tennessee River support the greatest variety of floraof any area in the United States. Chattanooga also has a long andrich past with regard to diversity, which includes Native Americanheritage, Civil War history, and the Civil Rights movement.Chattanooga is also just a two-hour (or less) drive from Atlanta,Nashville, Knoxville, and Birmingham.The University of Tennessee Chattanooga is an EEO/AA/Title VI/TitleIX/Section 504/ADA/ADEA. All qualified applicants will receiveequal consideration for employment and will not be discriminatedagainst on the basis of race, color, national origin, religion,sex, pregnancy, marital status, sexual orientation, genderidentity, age, physical or mental disability, or protected veteranstatus.Qualifications :last_img read more

Final day of voting in Oxford SU president election

first_imgDibben also wishes to make the SU more inclusive for graduate students and to re-establish SU run social events, such as a club night.They put particular emphasis on access, calling for further resistance to fee rises and the NSS survey, as well as easier access to hardship funds. Their approach to improving mental health-related issues is to undertake a student welfare survey and to create a better quality services for students.Dibben told Cherwell: “Oxford SU faces a crisis of disengagement despite its amazing work behind the scenes. I’ll change this by offering real support in finding student housing, integrating graduate students’ needs and starting an Oxford SU club night.“I also want to build on Oxford SU’s extensive work into improving mental health through implementing an annual welfare survey, improve the accessibility of hardship funds, fight fee rises and funding cuts, and seek to make the union more diverse through implicit bias and liberation training.”Joe Inwood, a history student at Mansfield College, served as the college’s JCR president in 2017. He is also the current chair of the Oxford SU council.Inwood’s manifesto emphasises making the publicity for mental health support better, and ‘improving the discussion’ about workload and stress in Oxford.Inwood has emphasised a desire to protect the rights of European Union students as the Brexit process continues, as well as claiming that he would lead the SU in resisting tuition fee rises.As president of his JCR, Inwood led a student resistance to his college’s approach to Prevent and has championed Mansfield’s access initiative through his time in Oxford.He told Cherwell: “I’m running to open the SU and make it relevant and accessible to all. My priorities are student mental health, EU students’ rights, and resisting damaging higher education policies.“I also want to promote student-led access efforts and support new students in their crucial first weeks here. I’m delighted to have received the endorsement of the Class Act campaign, and my aim is to lead an open SU that puts student interests at its heart.”Online polls close on Friday 9th February at 6pm. The results will be announced during an event held on Friday evening at the Oxford Foundry.The SU is also running an intercollege voting competition. The college with the highest weighted voter turnout will receive £300. Today, the polls will close and the Oxford SU president and their team for the coming year will be announced.This year sees a three-way race for the presidency, with Ellie Dibben, Hannah Taylor, and Joe Inwood all standing.Hannah Taylor, an Economics and Management student from St Hugh’s College, was the co-chair of OULC last Trinity term, and has also been the charities representative for St Hugh’s JCR.Taylor’s policies include the replacement of at least one of the termly Student Council meetings with a general assembly, which will allow non-delegates to attend. She also wishes to restart a partnership with the Brookes Union to have a safety bus to help students return from nights out safely.Taylor also wants to coordinate action through JCR presidents on the Oxford Living Wage, the Preventing Prevent campaign, and prescription reimbursement.She used her manifesto to emphasise the need for “solidarity” with University staff pushing for better working conditions.Taylor told Cherwell: “The student union represents a student body of over 23 thousand students. This makes us potentially very powerful, if we can find a way to organise, come together and get things done.“Organising like this is what I have spent a lot of my time at university doing. If any member of our union has an issue, we should cut away from the buzzwords and back them, by taking loud, visible action.”Ellie Dibben, a history student at St Hilda’s, has previously been involved in the organisation of societies and campaigns in Oxford, including the SU’s LGBTQ+ campaign.Dibben highlights “representation” as a key manifesto goal to act upon through further ‘implicit bias training’ for VPs and a general aim of improving the SU’s actions against hate crime.last_img read more

News story: Social prescribing schemes across England to receive £4.5 million

first_imgExamples of the schemes receiving funding include: The funding will come from the Health and Wellbeing Fund, part of a programme of government investment in the voluntary sector. The projects will be fully funded through the scheme in their first year. Additional joint funding from local commissioners will be agreed for the subsequent 2 years.A full list of the 23 social prescribing schemes to be funded by the Health and Wellbeing Fund has been published.Care Minister Caroline Dinenage said: The government will invest nearly £4.5 million in programmes to refer patients to local voluntary and community services such as walking clubs, gardening or arts activities.The practice, known as ‘social prescribing’, aims to improve patients’ quality of life, health and wellbeing by recognising that health is affected by a range of social, economic and environmental factors.Evidence shows that this approach can reduce demand on NHS services: a UK study found that after 3 to 4 months, 80% of patients referred to a social prescribing scheme had reduced their use of A&E, outpatient appointments and inpatient admissions.A total of 23 social prescribing projects in England will receive a share of the funding to extend existing social prescribing schemes or establish new ones.The schemes include a focus on: reaching out to people who may be socially isolated, for example because of mental health problems or learning difficulties providing support for those impacted by health inequalities, such as transgender people or people from black, Asian and minority ethnic (BAME) backgrounds helping people with particularly complex needs who regularly access health servicescenter_img The voluntary and community sector has such a vital role to play in working with our health system to provide the kind of support that you can’t receive at your local GP surgery or hospital. This new funding will mean that many more people receive support that looks at their needs holistically, enabling them to live happier, more independent lives. I look forward to seeing these projects put their plans into action and provide support to hundreds of thousands more people. a new StreetGames scheme across Sheffield, Southampton, Luton, and Brighton and Hove, focusing on socially excluded young people aged 5 to 25 a Dudley Council project to expand support for people with a very high dependency on A&E a new Citizens Advice North Oxfordshire and South Northamptonshire scheme to support those who are lonely or socially isolated in deprived rural areaslast_img read more

A simple ‘thank you’

first_img“Thank you.” It’s all too easy to say, and too easy to overlook — especially when it comes to colleagues. But as Thanksgiving looms, the cue to give thanks gets louder.This week, the Harvard Faculty of Arts and Sciences (FAS) is hosting its fifth annual Giving Thanks open house, welcoming its staffers to write personal messages of gratitude to colleagues and friends across the University. The next FAS open house will be on Thursday from 11 a.m. to 2 p.m. inside University Hall. Other departments have followed suit. Central Administration will host its open house tomorrow in the Smith Center Arcade from 10:30 a.m. to 1:30 p.m. All notes will be delivered via campus mail during Thanksgiving week.Ruth Kolodney, an administrator in the Department of Philosophy, had a stack of notes to send, “mostly to my colleagues,” she said. “The people in payroll, the people who get me out of a jam, the people who help me on a regular basis, the people I don’t get to see as much as I’d like.”Kolodney also turned out to donate to the Harvard Square Homeless Shelter. “I really like giving to them because everything goes to use and not to administrative costs,” she said.Sam Parker ’15, a volunteer with the shelter, said staffers can bring by monetary donations, canned goods, toiletries, and warm clothes and blankets to combat the wintry weather.Harvard employees can also donate to their charities of choice through payroll deduction via the Community Gifts Program, whose campaign runs through tomorrow.Cassandra Fradera was persuaded by Department of African and African American Studies colleague Marva Bernard-Saunders to attend the open house. “She encouraged me to do this, so thanks to her that we’re here,” said Fradera.“I did this last year with the Center for Workplace Development, and a lot of people I gave cards to were totally surprised. It’s nice in the holiday season to give back, and to do it in pen and paper.”last_img read more

Mexican president works from isolation after virus test

first_imgMEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador is working from isolation at home a day after announcing he’s tested positive for COVID-19. The announcement comes as his country topped 150,000 confirmed deaths, the fourth-highest in the world. López Obrador has been criticized for his handling of Mexico’s pandemic and for not setting an example of prevention in public. He said Sunday on his official Twitter account that his symptoms are mild and he is under medical treatment. Mexico’s director of epidemiology says the 67-year-old had a “light” case of COVID-19. Interior Secretary Olga Sanchez Cordero says he’s still working.last_img read more

Jennifer Hudson Will Perform a Song From Finding Neverland at the Tonys

first_imgOscar and Grammy winner Jennifer Hudson, who has previously admitted to dreaming of appearing on Broadway, will sing a number from new tuner Finding Neverland on this year’s Tony telecast on June 8. The Oscar winner tweeted: “So excited! I’ll be performing a song from the upcoming musical Finding Neverland @TheTonyAwards.”Hudson won her Oscar for Dreamgirls. Her additional film and TV credits include American Idol, Sex and the City, The Secret Life of Bees, Winnie Mandela, The Three Stooges, Smash and Black Nativity. She won the Grammy Award for Best R&B Album for 2008’s Jennifer Hudson.Finding Neverland will play a limited engagement this summer at the American Repertory Theater in Cambridge, Massachusetts, starring Tony nominee Jeremy Jordan as J.M. Barrie and West End vet Laura Michelle Kelly as Sylvia Llewelyn Davis. The Diane Paulus helmed tuner will feature music and lyrics by Gary Barlow and Eliot Kennedy and a book by James Graham. Based on the Miramax film written by David Magee, Finding Neverland follows the story of Barrie (Jordan) and his relationship with the family of widow Sylvia Llewelyn Davies (Kelly). Llewelyn Davies’ children eventually became Barrie’s inspiration to write Peter Pan. The Harvey Weinstein produced musical overhauled its creative team in 2013, bringing on board Paulus, Barlow and Graham. Star Files Jennifer Hudsoncenter_img View Commentslast_img read more

Sanders: We’re all in this together

first_imgBy Senator Bernie SandersThe state of Vermont has been hit with one of the worst natural disasters in our history.  Lives have been lost. Vermonters throughout the state have seen their homes, businesses and farms suffer terrible damage.  Hundreds of roads, bridges and schools have been damaged or destroyed.  Our state office complex in Waterbury, which housed 1,600 workers, is unusable. We’re looking at a cost of hundreds of millions of dollars to rebuild.As I visited communities affected by the flooding, I was deeply moved by the compassion and good will that Vermonters are extending to their neighbors in need. Let me thank everyone who has lent a hand to help their friends and neighbors stricken by this disaster.  I especially would like to commend and thank our emergency responders, the Vermont National Guard, and our local officials for the remarkable job they are doing to assist communities and individuals in getting back on their feet.  The people rebuilding our roads have been amazing.  We also want to pay special tribute to Michael Garofano, a long-time employee of the Rutland City Department of Public Works who, along with his son Mike, lost their lives as they worked to protect their fellow citizens. While the men and women at the local level, in both the public and private sector, are making an extraordinary effort, the federal government also has an important role to play in disaster relief and recovery.  The simple truth is that we are one nation.  That’s why we are called the UNITED States of America.  When disaster strikes, we stick together and help our communities address the crises they face.  When our fellow citizens in Louisiana suffered the devastation of Hurricane Katrina, people in Vermont were there for them. When the citizens of Joplin, Mo., were hit by a deadly tornado, people on the West Coast were there for them. When terrorists attacked on 9/11, we were all there for New York City.And that is why Senator Leahy, Representative Welch and I are working with Governor Shumlin to do everything we can to ensure that Vermont receives the resources from the federal government that we will need to rebuild our communities as quickly and successfully as possible. Disaster relief, funded on an emergency basis, is what Congress has done for decades and what we need to do now. Unfortunately, some in Congress have threatened to block urgently-needed emergency assistance unless the cost of that help is offset by cuts in other needed programs. They want to use Hurricane Irene as another excuse for a budget fight.  Yes, we must continue to address our deficit problem, but not on the backs of communities in Vermont and other states that have been devastated by Hurricane Irene.   For those states and communities, we must get them the emergency help they need as soon as possible.   Amazingly, this talk about budget offsets for disaster relief comes from some of the same people who repeatedly and conveniently ignore their own actions when it suits them. Congress provided $800 billion to bail out the largest Wall Street banks. No offsets. Congress extended tax breaks and loopholes for the wealthiest people in this country and for the largest corporations. No offsets. The United States spends $160 billion a year on the wars in Iraq and Afghanistan, including billions to rebuild those countries. You guessed it. No offsets.We became a great nation, we are a great nation, because we support one another.  In fact, that’s what being a nation is all about.  When our country calls, men and women from every state in the union come together and are prepared to risk their lives in combat. When Americans are injured or have a heart attack, teams of doctors and nurses work to save their lives and make them well.  When we have children, we entrust them to local schools, where teachers, administrators and other personnel help them successfully mature into adults.  It has always been, and should continue to be, the same with natural disasters.     Today, our hearts go out to those Vermonters who have lost their homes and their businesses.  I have met with a number of them. They are hurting. As Vermonters, our communities will come together to support those in need.  We should have every reason to expect that our national community, the United States of America, will be there as well.  9.8.2011last_img read more

BRO Athletes: Jessie Johnson Brings Home the Bucket at the Tsali Xterra Trail Run

first_img“Is that a giant bucket of lube?”The three of us – me, my husband and a new friend – stared at our winnings, three giant buckets with “PROGOLD Lubricants” printed on thema. “Maybe,” I responded.  I barely pump my tires, let alone do things like lubricate my bike’s…well, whatever it is you lubricate on a bike, so a giant bucket of lube seemed feasible. Our friend smiled. “Think I’m going to go call my wife.”Don’t you love those slaphappy, post-race moments?13566967_1106365516087664_6829936409194854594_nThe Tsali Xterra Triathlon was last Sunday and, despite my best efforts, I didn’t take home the overall female win for a third year. That’s okay – I worked hard for 2nd and was 1st in my age group. I still think that the Tsali Xterra is the best race of the season and not just because of giant lube buckets. You get to swim in the clear waters of Fontana Lake, run BEFORE you bike (usually the run is last) and the Tsali trails are always fun. Plus, you can camp two minutes from transition and there’s nothing like running the 52° waters of the Nantahala River, just down the road, to ice down those legs after a strong race effort. But, really, I just love off-road tris. This past race had a smaller-than-normal turnout, which motivated me to launch a mini-PR campaign for the love child of mountain biking and road triathlon, the off-road tri. (I just made that up; please don’t send articles about the origins of the off-road triathlons.) Here’s why you should try one.You get to ride your bike and run on trails. Isn’t everything more fun on trails? You’re were probably scouring the BRO website for trail info before getting sucked into this race report because you love trails that much. And, for all you sweaty southeasterners: trails = shade.If you’ve wanted to try racing your mountain bike, off-road tris are a great way to start. The most common question I get asked about off-road racing is about passing on the bike leg. Because you swim before you bike in a tri, competitors are usually more spread out on the trail than in a cross-country mountain bike race with a mass start. For the record: When you want to pass, let the person in front of you know and wait until they tell you they’re ready. Being passed? Tell the person behind you that you’ll let them know when you’re ready. As soon as you safely can, find a wide berth of trail, ride to one side and tell the rider behind you to haul ass. (Or something along those lines.) As the passer or passee, it always helps to be specific: “Okay, coming up on your left!”13521891_1106365299421019_4432162248033955761_nMost regional off-road tris tend to be small – 100 or so competitors. So if you want a break from the hassles of bigger races – or, let’s be honest, you want a better chance of getting on the podium – they’re a good option.Head-to-toe trail grime makes for hardcore race photos.If you’re a road triathlete, you’ll find a much more laidback vibe at off-road tris. It’s still a competitive atmosphere – I mean, it is a race – but the intensity is dialed back. Maybe it’s the fresh trail air…or relatively short race distances…or hungover mountain bikers rallying for that 8 am start. Whatever it is, it’s hard not to make friends.13524517_1106365269421022_8471432561656772706_nAnd the bucket? There was all sorts of bike maintenance stuff in there that got my husband all excited, so I probably won’t see him for three days once he busts it open.Thanks to Blue Ridge Outdoors for sponsoring the Athlete Team, to Dave and Terry Berger with Gone Riding for always putting on a solid race and to my father-in-law, Jerry Schneider, who showed up three days early to snag a campsite and stuck around all morning to basically watch us change shoes in transition.Next race…good question. Xterra Whitewater?BROAthleteBannerAd-1The Hub and Pisgah Tavern, Crozet Running, Bold Rock Cidery, and Blue Ridge Cyclery.More from our BRO Athletes:last_img read more

CUNA leaders talk CU issues, concerns w/ NCUA’s McWatters

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr CUNA leaders met with NCUA Board Chair J. Mark McWatters and agency staff Wednesday to discuss numerous credit union priorities. CUNA President/CEO Jim Nussle, Deputy Chief Advocacy Officer Elizabeth Eurgubian and Senior Director of Advocacy and Counsel Mitria Wilson participated in the talks.CUNA thanked NCUA for announcing a $161 million share insurance fund distribution to credit unions, announced earlier this month, and for McWatters and former board member Rick Metsger’s participation in a panel discussion at this year’s CUNA Governmental Affairs Conference.McWatters will be joined by two new board members as soon as they are sworn in, Rodney Hood and Todd Harper were confirmed by the Senate March 14.center_img NCUA headquarterslast_img read more