NoneRupert Murdoch Fails in Bid to Change Family TrustZim’s Opposition at a Crossroads: The Battle for Credibility and Unity Amid Political Shifts in SADC
NEW YORK , Dec. 9, 2024 /PRNewswire/ -- It is with profound sadness that TGM mourns the death of its Co-founder and Managing Principal, Steven C. Macy (1949-2024). Steve, real estate executive, husband, brother, uncle, friend, mentor, proud parent and grandparent, and oracle of wisdom who told endless anecdotes, died in New York on December 2 nd . Steve was a dynamic leader with a breadth of interests and knowledge that matched his energy, enthusiasm, and drive. He was born and raised in Dayton, Ohio . Steve co-founded TGM Associates L.P. ("TGM") with Thomas Gochberg in July 1991 . TGM provides an integrated suite of asset and property management services to large, global institutions, including state pension funds, sovereign wealth funds, corporate pension plans, and high-net-worth individuals. Prior to co-founding TGM, Steve worked at Smith Barney Real Estate and its successor company, Security Capital, where he first met Thomas Gochberg . Steve also worked for Integrated Resources, where he headed Integrated's national portfolio of 32,000 apartments. Steve was responsible for overseeing Smith Barney's nationwide property management operations and is recognized by some as one of the principal creators of the national property management business. Prior to his tenure at Smith Barney, real estate investment was predominantly a local and regional business, and Steve was responsible for creating an organization that was national in scope and capable of efficiently managing a portfolio stretching from coast to coast. He replicated this process twice more while at Integrated Resources and TGM. Steve was profiled in Bloomberg Businessweek's Executive Profile Directory for multiple years. He was also awarded the Institute of Real Estate Management's Certified Property Manager designation and was instrumental in TGM's designation as an Accredited Management Organization by that same institution. Steve's Real Estate affiliations included being a member of the Institute of Real Estate Management, the National Multi Housing Council (he served on the Board of Directors from 1990 to 1991), the National Apartment Association, and the Pension Real Estate Association. Steve was a member and patron of numerous New York social and cultural institutions and was an active member of the New York City Catholic Diocese. He accompanied Cardinal Dolan and his predecessor, Cardinal Egan, as members of their entourage on several visits to the Vatican, where Steve met sitting Popes. Steve was also an active member of St. Ignatius Loyola's congregation on the Upper East Side of Manhattan . Steve also enjoyed traveling with his Jesuit friends, including attending several silent retreats and several trips to Israel . Steve and his wife Emi had a plethora of shared interests that included volunteering, cooking, and good food (Steve was an excellent cook and enjoyed preparing meals for all), and was an adventurous traveler. Steve had an amazing rolodex of excellent restaurants from all the places he visited and usually a good story or two from the times he frequented them. Steve dedicated significant time to mentoring young minds in search of wisdom. He once published his feelings on how to lead a "successful life" which reflected those tenets that resonated deeply with him and were evident to any person that he came in contact with. In short, Steve stated that if you wanted to change the world: Steve is survived by his wife Emi; children Christopher, Tiffany, Alexa, and Akane; grandchildren Todd Jr., Tess, Tanner and Tom; his sister Karen; and many cousins, nieces and nephews. He will be missed by all. About TGM Founded in 1991, TGM is an investment advisory firm organized to provide an integrated suite of asset and property management services to its investors through a series of fully integrated operating companies. Through its vertically and horizontally integrated operating companies, TGM specializes in acquisitions, property management, leasing, construction, property maintenance and asset management services. An affiliate of TGM provides property management services under the brand TGM Communities. As of September 30, 2024, TGM has invested in 141 multifamily properties throughout 28 states. To learn more about TGM please contact John Gochberg , Managing Principal, Chief Executive Officer, and President. Phone: (212) 830-9312, E-mail: jgochberg@TGMAssociates.com View original content to download multimedia: https://www.prnewswire.com/news-releases/tgm-mourns-death-of-co-founder-and-managing-principal-steven-c-macy-302326734.html SOURCE TGM
BEIJING, Dec. 28 (Xinhua) -- Chinese Foreign Minister Wang Yi held talks with Iranian Foreign Minister Seyyed Abbas Araghchi in Beijing on Saturday, agreeing to further promote the implementation of the China-Iran comprehensive cooperation plan. Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, said that the successful meeting between the two heads of state during the 16th BRICS Summit provided strategic guidance for deepening China-Iran relations. Noting the time-honored China-Iran relations and the traditional friendship between the two peoples, Wang said that enhanced coordination and cooperation between China and Iran will not only benefit the two peoples, but also contribute to regional and world peace, stability and development. The two sides should continue to support each other on issues concerning their core interests, steadily promote practical cooperation and enhance cooperation in multilateral fields, Wang said. He called for closer coordination and cooperation within the Shanghai Cooperation Organization (SCO) framework and for the upgrading and strengthening of BRICS cooperation, to better safeguard the common interests of the Global South. In the face of instability and uncertainty in today's world, Wang said China and Iran must stay focused and strengthen solidarity and cooperation, jointly advocate and practice genuine multilateralism, and work for a more just and equitable global governance system. Araghchi said that developing and deepening the comprehensive strategic partnership between Iran and China is the priority of Iran's foreign policy, and Iran attaches great importance to China's important role in upholding justice in international affairs. Iran abides by the one-China principle and firmly supports China's legitimate position on issues concerning China's core interests such as Xinjiang, Xizang and human rights, Araghchi said. He said that Iran looks forward to closer high-level exchanges with China, deepening mutually beneficial cooperation, strengthening communication and coordination within multilateral frameworks such as the United Nations, the SCO and BRICS, and safeguarding common interests. The two sides agreed to further promote the implementation of the China-Iran comprehensive cooperation plan, strengthen the exchange of experience in governance in the fields of politics and diplomacy, legislative bodies, law enforcement and justice, economy and trade. They also agreed to increase cooperation in youth, education, sports, science and technology, culture, tourism, ecological and environmental protection, health, radio and television, and deepen people-to-people, sub-national and sister-city exchanges. On the Iranian nuclear issue, Wang stressed that China always stands for a political and diplomatic resolution and upholds the Joint Comprehensive Plan of Action (JCPOA), opposes sanctions and pressure at every turn and firmly supports Iran in safeguarding its legitimate rights and interests. He also called on all relevant parties to play a constructive role in resuming dialogue and negotiation. Araghchi expressed appreciation for China's important role in promoting and maintaining the JCPOA and a willingness to maintain close communication with China.An attempt by Rupert Murdoch to change who controls the future of his media empire has been blocked, according to reports in The New York Times. The newspaper claims a sealed court document accuses the 93-year-old of acting in "bad faith" by attempting to amend his family trust to benefit his eldest son, Lachlan. Currently, the trust passes control of the company equally among Mr Murdoch's four oldest children - Lachlan, James, Elisabeth and Prudence - after his death. But Nevada commissioner Edmund Gorman has rejected a bid to change the terms of the trust. Lachlan is head of Fox News parent Fox Corp and News Corp, which owns UK titles including The Sun and The Times. Mr Murdoch's proposed amendment would have blocked any interference by three of Lachlan's siblings, who are more politically moderate. US correspondent This is a storyline which could be straight out of the TV drama Succession, which many already suspected was heavily based on the Murdoch family. Rupert Murdoch, who is now 93, had been engaged in a lengthy court battle to try to hand over control of his media empire to his eldest son Lachlan when he dies. Lachlan, who is more politically conservative than his siblings, would in theory consolidate the right-wing stance of some parts of Murdoch's media empire - especially Fox News. Today a document obtained by the New York Times revealed the commissioner in the case has whole-heartedly rejected the plan to change his trust, calling it a "bad faith" deal from Murdoch and his eldest son. By bringing this case, Rupert Murdoch has made patently and painfully clear which of his children he favours. There is some fascinating detail of art imitating life as the court heard how Mr Murdoch's children had started secretly discussing a strategy for their father's death. They were prompted by an episode of Succession where media tycoon Logan Roy dies, throwing his family and empire into chaos. The reality is that there will no doubt be more family infighting, as Rupert Murdoch's lawyers say he is likely to appeal the judgment. Mr Gorman said the plan to change the trust was a "carefully crafted charade", according to The New York Times. More on Rupert Murdoch Murdoch-owned firm ends Rightmove takeover interest Rightmove to 'carefully consider' third bid by Murdoch-owned firm Succession battle: Why Rupert Murdoch and his children are fighting in court Related Topics: Rupert Murdoch The newspaper also described that, in the commissioner's opinion, it was an attempt to "permanently cement Lachlan Murdoch's executive roles" inside the empire "regardless of the impacts such control would have over the companies or the beneficiaries" of the family trust. Potentially, three of the heirs could out-vote a fourth, setting up a battle over the future of the companies. A spokesman for Mr Murdoch could not immediately be reached for comment. Follow our channel and never miss an update. Read more from Sky News: Bankers to scrutinise public sector spending Find out what is the 'Boxing Day bounce' But his lawyer, Adam Streisand, said they were disappointed with the ruling and intended to appeal, The New York Times reported. Sky News, which Mr Murdoch launched in the UK in 1989, is no longer part of his empire. At the end of 2018, Fox's film entertainment assets, such as The Simpsons and the Avatar film franchise, were sold to Disney - while the company's 39% stake in Sky was sold to Comcast .Formula 1 expands grid to add General Motors' Cadillac brand and new American team for 2026 season
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President IlhamAliyev has signed a decree amending the "Rules for the Storage,Placement, and Management of Currency Funds of the State Oil Fundof the Republic of Azerbaijan," approved by the decree of thePresident of the Republic of Azerbaijan dated June 19, 2001, No.511, reports. Under the decree, the income of the State Oil Fund of theRepublic of Azerbaijan for the next year is set at 14 billion 452.5million manat ($266.1 million), while the expenditures are set at14.6 billion manat ($8.5 billion). This represents an increase of 19.7% and 13.5%, respectively,compared to the current year.
Benefits Administration Service Market size is set to grow by USD 144.7 billion from 2024-2028, increasing focus on employee wellness boost the market- Technavio
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