Reem With A View

"Names and attributes must be accommodated to the essence of things, and not the essence to the names, since things come first and names afterwards." – Galileo

Why did George Lucas sell Lucasfilm including STAR WARS franchise to Disney?

Yes, all Star Wars Fans are puzzled  (note the F in fans is in capital. This is deliberate as Star Wars Fans are almost like religious believers!)

Why did George Lucas suddenly sell away all rights to  Star Wars to DISNEY? And too add,  Indiana Jones?  And also my favorite visual effects company: Industrial Light and Magic (ILM) ? Just $4 Billion? Sounds small?

Not quite.

Being a cash plus  stock combo sale, Lucas has become the second largest independent shareholder of Disney, holding more than 2% equity. So ALL future profits of Disney from  Star Wars, Indy Jones series will CONTINUE to add to Lucas’ fat wallet, as Disney will make multiple reboots and sequels.

In addition, the sale was a master move by George Lucas in inheritance and estate planning according to experts:

Since none of Lucas’s three adopted children plan to take over his film empire, financial advisers say the strategy will save his heirs the the responsibility of managing their inheritance – and potentially going through the often long and fraught process of dividing it. “Mr. Lucas has obviously surrounded himself for years with world class legal, estate and tax advisers,” Wade Westhoff, a financial adviser based in Danville, Calif., says of the Disney deal. “This is a textbook example of exit planning for a private business owner.” (Lucas and a spokesman for LucasFilm were not immediately available for comment)

That Lucas struck a deal in 2012 may be no accident either, advisers say. Long-term capital gains tax from the sale of assets held more than one year are taxed at a rate of 15% for investors in the 25% income tax bracket or above (Lucas’s level), and zero for investors in the 10% or 15% bracket. Those rates are set to jump to 20% and 10%, respectively in January. “He probably wanted to take advantage of the lower rate on long-term capital gain while it’s certain,” says Bill Smith, managing director at CBIZ MHM, a national accounting and professional services provider.

Source:  Jedi Estate Planning

The Force… is pretty strong in George Lucas!

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Filed under: Media & Entertainment, News, Business & Current Affairs, , , , , , , ,

Lance Armstrong: the real winner.

Source: Quote of Anon User’s answer to Lance Armstrong / USADA doping scandal: Was Lance Armstrong right in refusing to contest the doping charges levied against him by USADA? on Quora>

Was Lance Armstrong right in refusing to contest the doping charges levied against him by USADA?

Amazing answer by ANONYMOUS Quora user:

Yes. Absolutely.

At this point, he has retired, and realistically, has nothing to gain or lose from this battle. Sure, some of his endorsements may drop, but he has more than enough money to provide comfortably for his family for the rest of his life, so it doesn’t matter. As for the kids who idolize him, his legacy, the sport, blah blah blah, let’s take an actual look at his legacy before we talk badly about the man…

  • Raising nearly half a billion dollars for humanitarian work (including the funding of cancer research) through the Livestrong Foundation. It is the largest athletic charity in the history of humankind.
  • Helping over 2.5 million cancer patients with free patient navigation services. Anyone who has dealt with the frustrations of the American healthcare system will tell you that this is utterly invaluable.
  • Over 100 million Livestrong bracelets are out in the world actively spreading awareness of cancer and more importantly, the need to keep our heads high while we fight to find a cure.
  • Inspiring untold millions of people and patients, potentially even a billion or more in total. There are people who exercise, have faith in the body’s ability to heal, and can deal with the burden of cancer solely because this man exists.

And to think, regardless of what the outcome of this whole debacle is, none of these accomplishments will cease to exist. Indeed, they will actually all continue to perpetuate themselves…

Gee, if we consider this rationally, it would seem almost like Lance Armstrong’sincredible, amazing, legendary legacy of humanitarian service over the past 15 years is worth way more than 7 pieces of metal he can hang up on his mantle. I would make the argument that being largely responsible for any one of the above list would make any mortal worthy of praise and respect, much less all of them.

To all those who are tempted by their cynical side to disparage and discredit all that Lance Armstrong has achieved because of a single piece of questionable sensationalized news, I say unto ye: is there truly naught you could be doing with thy time? There are millions, nay, billions in this world who would benefit from the energies you possess in anger, if only ye couldst but channel them into well-intentioned exertion.

Volunteer at your local shelter. Cook for your local food kitchen. Lend money to aspiring entrepreneurs through Kiva. Host a bake sale to raise money for your charity of choice. Help your child with his homework. Answer questions to help others on Quora. Every minute you spend wondering if one man doped or not and what it means is legitimately nothing more than a minute wasted.

References:
http://www.forbes.com/sites/kurt…
http://espn.go.com/blog/playbook…

 

Filed under: Heroes, , , , ,

Can Marissa Mayer rescue Yahoo?

 marissa mayer

marissa mayer

Yahoo is still a profitable company that has a market cap of around $20 Billion, with $5 Billion annual revenues and huge traffic (more than 184 Million people globally visit a Yahoo! page every day). So despite losing relevance in the Google vs Apple vs Facebook vs Microsoft world, she will still have command over decent sized resources to do a massive turnaround.  At the least, with her $300 Million+ net worth, she has nothing to lose, and can only benefit from any upside from Yahoo. Plus, she is one of the smartest people on the planet and more intelligent than any former Yahoo CEO. So if anyone can turnaround Yahoo, it’s Marissa.

Filed under: News, Business & Current Affairs, , , , , , ,

The Best Decade of All Time in Tennis

In no generation or decade in the Open Era have the top active players won 91% of all grand slams!
Never before. Not the Agassi, Sampras, Courier period nor the Connors, Borg and Mcenroe period
Not even the Wilander, Lendl, Edberg and Becker period.
Have taken a top player to mean anyone who has AT LEAST won 4 grand slams in the Open Era in their entire career!
Agassi, Courier and Sampras together won LESS THAN 60% of all grand slams.
Borg, Connors, Vilas and McEnroe were better and they CUMULATIVELY won 75% of all slams.
The immediate next group of Connors, McEnroe, Wilander won just 83% of their slams.
Even the highly competitive 80s era of Wilander, Lendl, Becker and Edberg together won just 82% of all slams.
But FEDERER, NADAL AND DJOKOVIC HAVE WON 32 OF THE LAST 35 SLAMS. 
Never before have the top tennis players DOMINATED a decade like this.
This is a phenomenal 91% win rate in all grand slams.
And the best part? the TIME PERIOD of this era is now 9 YEARS!!!  so its not like a brief 2-3 year bright period. Its freaking 9 YEARS!!!
(Click on the image to see full size).
Image

Filed under: Sport, , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The Greatest Document in the History of Mankind – THE BILL OF RIGHTS.

There are many reasons that made the United States of America a great nation, the spirit of freedom, capitalism,  protection of minorities and so on. They were the first to reject a monarchy in modern society & declare themselves a democracy  after beating fair & square the greatest Empire in history (Britain). They helped defeat one of the most evil & dark regimes in the history of the earth: the Third Reich. They are probably the only nation that can defeat the dark forces of Global  Islamists which are creating havoc on every nation today taking advantage of  the collapse of another evil: The Iron Wall of Communism.

But ALL of the above is because the Founding Fathers of America created what I personally believe is the single greatest document ever written by Man that has benefited Mankind worldwide: The Bill Of Rights.

The Greatest Document in the History of Mankind

The United States Bill Of Rights

Read the full text here:  Bill of Rights

This one document alone  separates America from the rest. This is the only instance where  the Founding Fathers of a nation had the foresight about Government’s tendency to impinge the rights of citizens and hence decided to set clear limits on Government actions in regard to personal/civil liberties.

What is so amazing about the Bill of Rights is that it FOLLOWS directly from the principle set forth in the Declaration of Independence (which I persoanlly consider to be the greatest single sentence ever crafted by Mankind)

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

Filed under: Arts, History & Social Sciences, , , , , , ,

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