Archive for May 19th, 2011

May 19, 2011

Death of an icon – Strauss Kann falls on his sword, announces resignation today

[John Sempertoller, Politics Contributor] A huge sigh of relief was the expected outcome from the IMF and the supporters of Straus-Kahn’s France presidential bid, when the entrenched bureaucrat announced his resignation as IMF head today.

The reasons for his decision, he says, is to enable him to have more time to fight to prove his innocence.  However, the case against Strauss Kahn seems very strong and with others coming forward to claim that he too abused them as well as to reveal lurid details of his sexual past which has included using high-class prostitutes and the services of  the high-class pimp, Kristin Davis (pictured above). Therefore,  it seems that ‘plea bargaining‘ and ‘I ask the court to take all other offences into consideration’ can only be the main strategies for his lawyers at this stage.

In the meantime, an anonymous source at the IMF reports that British ex-Prime Minister, Gordon Brown, who is widely tipped to replace Strauss Kahn, is reported to be making preparations to take up this new post in a matter of days.

May 19, 2011

Today, LinkedIn’s IPO is tipped to set off at a staggering $4.3 billion!

[Jos Petriweather, IPO Markets Contributor]

LinkedIn HQ  in Mountain View, California will be aflow with champagne as the social networking starts off its IPO at a whopping $4.3 billion.

Former, PayPal founder and CEO of the company, Reid Hoffman, with his 21.7% voting stake in the company will get at least $858 million from the sale and will be the envy of the town.

Can I be your new friend Reid?

Congrats LinkedIn!! From 0 to $4.3 billion in 8 years is a remarkable achievement!