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4-2
Red Sox, But the Score Doesn’t Tell the Whole Story of a very courageous
team and a sullen NY crowd where riot police were on
Restaurants
and other retailers will be feeling it tonight as most
.
Schilling's
ankle showed some wear and tear as the game progressed
Boston
Globe
http://www.boston.com/dailynews/294/sports/
New York Times
http://www.nytimes.com/2004/10/20/sports/baseball/
USA
Flash Photo’s
http://www.usatoday.com/sports/gallery/2004/mlb-lcs/flash.htm
|
Trinity Capital, a subsidiary of Bank of the West, is a national leader in the equipment financing industry with a consistent presence and superior reputation. |
Wednesday,
October 20, 2004
Headlines---
Classified
ads---Places to Advertise/Some for Free
Pictures
from the Past---Schwartz/Dunham/McAfee/Head
Amex,
Matsco, former Rep. Leasing of SC, Depping Buys Bank?
ELA
Survey: Activity Down, But Profits Good
The
30 Year History of UAEL--- Part II
Marc
Baert Joins The Alta Group
Scott
Schauer Joins Key Equipment Finance
CitiCapital’s
Ellen Alemany cited as “Woman to Watch” in Banking
Baseball
Poem--Mickey Mantle's Birthday
######## surrounding the article denotes it is a “press
release”
Editor’s Note: Good News and Bad News. First
the bad news:
Northern California’s
first October winter storm knocked the power off
in our area in Saratoga,
California, where I both write and
send out Leasing
News. In a short period, we received over
three inches of rain,
more than any other city in the Bay Area.
Thus no edition yesterday.
Good News:
Power is back on. The weather is also clearing up for the UAEL Conference
in Monterey, California. Thursday is predicted: Sunny.
-------------------------------------------------------------------------------
Correction: Here is a current picture of John Torbenson,
more
current than the
1993 printed on Monday.
(and
yes, he still likes to play a lot of golf.)
John Torbenson, President
Odyssey Equipment Financing Company
4130 N. Goldwater Blvd. Ste. 217
Scottsdale, AZ 85251
Toll-Free (888) 607-6800
(480) 607-6800 Fax (480) 607-6868
www.oefc.net
-------------------------------------------------------------------------------
Classified
ads---
www.adams-inc.com
www.affinitysearch.com
www.bajobs.com
www.careerbank.com
www.careerpath.com
www.craigslist.org
(available in many cities now, use scroll feature)
www.elaonline.com
www.goldenparachute.com
www.Headhunter.net
www.hotjobs.com
www.jobs.net
www.lessors.com
www.MarketingJobs.com
www.monitordaily.com
www.Postonce.com
www.RecruiterConnection.com
www.resumeblaster.com
www.vetjobs.com
www.worktree.com
Leasing News is dedicated to helping people find work,
a better job, advance in your career, and the best
time
to start looking for a job is when you don’t need
one.
Interviews are very good practice to hone your skills
in talking about you, your skills, what you have accomplished.
Works at your job the best you can, make friends,
learn
more, become more valuable to your employer, and
your reward will not only be recognized by others,
but will give you the security you can find a paying
job at any age.
Activity leads to activity.
---------------------------------------------------------------------
 |
Pictures
from the Past---
November,1999---Schwartz/Dunham/McAfee/Head
Founders Award presentation
in celebration of the Association’s
20th Anniversary
(left to right) Art Schwartz, Steve Dunham, Harold
“Hal” McAfee, and
Steve Head.
November, 1995 UAEL
Regional Reporter
-------------------------------------------------------------------------------
Amex,
Matsco, former Republic Leasing of SC, Depping Buys Bank?
by Kit Menkin
The Wall Street Journal
reports "Insiders say that Greater Bay Bancorp is soliciting potential
buyers, though it is not clear what banks may be interested in the $1.5
billion-plus valued Greater Bay. The bank's assets total $7.6 billion
and it has reported net income of $24.5 million for the second quarter;
it operates under a number of names in the San Francisco area. Sandler
O'Neill & Partners is said to be handling the sales process. Bank
merger activity has slowed since this summer, but the financial industry
is still the most active sector in global mergers and acquisitions,
and 23 of the deals announced this year so far have been bigger than
a Greater Bay deal would be. The California banking market is fairly
consolidated already, observers note."
The Matsco Companies
are part of Greater Bay Bank.
NetBank has been
looking around to spin off various divisions, one of them reportedly
to be the former Republic of South Carolina. Could
it be the many trips
to Houston, Texas, were to see Thomas J.
Depping, as one person
who knew him well said, “He most likely needs to get back in business
because of his spending habits.”
We do have an unconfirmed
report, at this time, the Gazelle finally got his wish: Reportedly he closed on the purchase of Main
St. Bank in Kingwood, TX a suburb of Houston last week. What’s next?
You may have a chance
to ask him as Thomas J. Depping is registered to attend the ELA Conference
in San Diego with his former right hand Bob Quinn. Depping put down
he is CEO/Chairman, Main Street Investment Partners, Inc., 2909 High
Valley Drive, Kingwood, Texas 77345. He is not registered as a member
(when we checked,) but first time attendees are allowed to attend as
non-members. Or as one
observer noted, “he
is up to his old tricks again.”
The mill is getting
more active about American Express wanting to sell it's leasing division,
some say just the portfolio. CIT has allegedly asked to look at their
“book.” American Express has a reputation
for taking care of
their people.
Some very high sources
say the rumor is true. One person, in the know. speculated that Rich
Tambour, General Manager of American Express Business Finance, has put
out feelers. It also could be he may stay for a few years in the sale
and then retire; it depends on the buyer. One thing, he won’t be working
at Main Street Bank in
Kingwood, Texas.
Many American Express
Business Finance employees tell Leasing News they think the buyer is
GE Capital, and ask what do we know? Really, only what readers tell
us, as the major corporations only talk to us via press releases.
Leasing News has
been told by several very high sources that the
word on the street
that the division is up for sale is true; bidders
welcome. No doubt,
GE Capital has the cash.
If you are attending
the ELA Conference in San Diego,
you might find out
what company wants to put in an offer.
Also let me know
if Rob Yohe, who taught Bob Quinn all
about “Private Label”
leasing at Denrich, goes back to
his old time boss,
or better yet, if Oren Hall is coming out of retirement to work for
Tom Depping.
I did hear by e-mail from the former First Sierra/Sierra Cities President Thomas J.
Depping. I did ask him by e-mail for an interview, to talk about what his plans,
his new bank....He responded, "I will be in Monterey over the weekend. I would be happy to buy you a drink."
It will be very interesting as former First Sierra officers, managers, and
competitors will be there. I bet they all will get along, including
Oren Hall, Mark McQuitty...as Tom Depping is that good. He is the
Donald Trump of the Equipment Leasing Industry.
Thomas J. Depping in his Office drinking Diet Coca Cola
------------------------------------------------------------------------------
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Trinity Capital, a subsidiary of Bank of the West, is a national leader in the equipment financing industry with a consistent presence and superior reputation. |
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Our Classified Ads are the most economical
you can buy to reach
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leasing industry
in every issue.
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$25.00 per line thereafter
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(the ad remains on
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no newsletter issue.)
Start the ball rolling
by e-mailing: maria@leasingnews.org
--------------------------------------------------------------------------
ELA
Survey: Activity Down, But Profits Good
ELTnews
The Equipment Leasing
Association 2004 Survey of Industry Activity reports volume down, but
higher profitability for the equipment leasing and finance industry
in 2003. Delinquencies and charge-offs dropped, too, indicating improved
portfolio quality.
Another financial
indicator is pre-tax spread. The data shows that 2003 pre-tax spread
declined slightly when compared to the previous year. This decline can
be attributed to a combination of factors: decrease in pre-tax yield
& slight decrease in cost of funds.
The 2004 version
of the annual Survey of Industry Activity reports on the leasing activity
of 135 leasing and finance organizations. It is a ?must-have? for lessors
interested in comparing their operations and performance to their industry
peers, and a critical management tool for any business trying to compete
in today's challenging leasing environment.
The 2004 Survey Report is available at from the ELA Store at http://www.elaonline.com/Store/ProductDetail.cfm?product_code=SIA2004.
Questions can be
emailed to Bill Choi at Bchoi@elamail.com.
-------------------------------------------------------------------------------
Please
send to a colleague, as we are trying to build our
readership. Subscription is free.
-------------------------------------------------------------------------
The
latest books and instruction manuals on leasing
|
Your One stop solution for training and reference material for the Leasing Professional
|
The
30 Year History of UAEL--- Part II
by
Kit Menkin
“Steve Dunham, WAEL’s founder and first president,
fixes his gaze on where we’ve been and where we’re going, both as an
industry and an association.”
Fall 1996 United Association of Equipment Leasing
Newsline
Dunham has 20-20 Vision
By James Veldez Geluz
He is
a 30-year veteran of the equipment leasing industry. He founded its most dynamic association. With these unique credentials,
Steve Dunham has a clear perspective of leasing's past, present,
and the future.
It's
a perspective that offers valuable
insight to everyone in leasing community. Dunham sees the development
of both the industry and the
association as one marked by
a number of distinct, and parallel, stages.
Stage
One:
The Early Years
At WAEL's inception in 1974, the
leasing industry, in the midst of developing standards for procedures
and documentation, was in a
largely formative stage. And, obviously, the association was as well.
The association, which was started to provide a means of exchanging information and building industry relationships,
was an exciting entrepreneurial
undertaking for Dunham. He saw a need and looked to meet it with WAEL.
Dunham, while eagerly taking credit for WAEL's formation, is modest about his
role in making the association run
effectively. "All the credit goes to Art Schwartz," Dunham insists, noting
the contributions of the association's original executive
vice president. "He took a wild idea of mine and made
sense of it.-"
Dunham marks this early stage,
as well as every subsequent stage, by associating it with WAEL's
leaders at that time. The early presidents - Dunham, Harold
"Hal" McAfee, Steve Head, and Fred Shieman
- along with Schwartz, laid the foundation for the association. This
task included determining the activity
of the association, ranging from developing pro-grams to organizing meetings to
attract and aid members, ac-cording to Dunham.
True to his entrepreneurial spirit,
Dunham focused his energies to generating excitement for the then-fledgling organization.
"I had lots to do to get people interested in WAEL,"
Dunham recalls.
In addition to starting the association, Dunham's entrepreneurial skills were tested with the formation of
his present company, Leasing
Associates of Cupertino, CA,
in 1976. The lease brokerage was the latest step for Dunham, who has
worked in the leasing industry since
1963, initially working for
funding sources. But, "in
1967, I wanted
to be a broker, and have been ever since, " Dunham said.
Stage
Two:
A
Coming of Age
The next stage for the association centered around the effort
to build a solid membership base. Continuing his theme, Dunham connects this period
to its leadership of the day. "The
presidents - John Torbenson, Bob Jacobson, III - they were the
go-go guys that tried to get membership
up," Dunham reflects.
Dunham sees the period led by Jim Possehl, CLP, Ronald Wagner,
CLP, and Bill Grohe as the
"coming of age" group, especially
in terms of assuming the management
of WAEL. They were successful in coping with "the difficult
time of moving from the association management organization [that ran
WAEL] to creating a self-running association,"
Dunham said. This included the hiring
of Jon Bednerik.
During this stage, the industry
continued to evolve. Where once few companies wanted to deal with brokers, the leasing and lending companies increasingly turned
to brokers. "Commissions went up; residuals went up,"
according to Dunham. With excitement being generated in leasing
circles, more commercial lenders got
into the act. "They'd do any-thing to fund
deals," Dunham said.
Stage
Three:
Transition
Transition describes the next period, not only for the
association, but for the industry as well. For WAEL and Presidents Hal Horowitz, CLP, Gordon Roberts, and
Peter Eaton, CLP, that meant a deliberate
attempt to fine-tune its member services. Part of this refocusing
included the bringing on board of
Ray Williams, Ph.D., the current Executive Vice President. "Where
Jon [Bednerik] was more of
an administrator, Ray is much more of a front man, more geared to promoting the association," Dunham ascertains.
In relation
to the industry, transition has meant the paramount importance of the
computer and advances such as credit-scoring systems for today's leasing operation. These changes
become vital to keep up in the current economic climate.
Ways of moving ahead include the
development of strategies to cope with downsizing and increased competition,
ac-cording to Dunham. One of the ways to cope is to increase efficiency,
whether through business practice innovation or technological means.
The task remains problematic, however: "The smaller
lessor or broker is pushed hard to make a profit," Dunham
diagnoses.
Dunham has confidence in the association's current leadership in dealing with
the transitional upheaval. "Jim Merrilees (CLP) is a great steadying
force," Dunham notes. "Because of his personality as a bright,
steady guy, he's ideal for man-aging UAEL through the transition."
The
association which was started to provide means
of exchanging information and building industry relationships, was an exciting entrepreneurial undertaking for Dunham. He saw a need and looked to meet
it with WAEL.
The Next Stage
For the future, Dunham again projects
confidence in UAEL's leadership.
"Oren Hall (who is slated to assume
the association presidency in 1996) is ideal for the times, given his
experience in the industry," Dunham
said. "He's the perfect
guy to assimilate the changes in the industry."
But Dunham is careful to recommend
a course of action for the association
that he founded. UAEL should be instrumental in providing the
means of learning - educational programs, regional meetings, and association-wide
conferences - that will help its members deal with the challenges of
the future. With these resources, leasing firms will be "all the
better to prepare for the future of changes" Dunham
said. "UAEL can answer the questions like
`How do we run our business more efficiently?' or `how do
we increase business by maximizing the telephone
or mail?"'
Given his longevity in the industry,
it is obvious that Dunham has enjoyed
a great deal of success. Instrumental in this success is his
wife, Diane. "I couldn't have
got-ten where I am today without her, " he re-calls. "She's certainly
as responsible as any for our prosperity."
Another element includes
association involvement, especially the networking opportunities for
our members. "Networking has always been an important part of the association,
and is cost-effective," Dunham explains.
By attending meetings, it provides an
opportunity to meet people and not have to travel " to their
offices.
"Regional
events supply ideas, especially ones that no one picks up on," Dunham
continues. "90 percent of what people say,
you've heard before, but then, somebody will say, `this is how we do this,' and I'd incorporate
the idea."
Being part of this constant dialog has yielded much
success for Dunham. Looking back
over his career, he pays a consider-able complement: "WAEL has made me a lot of
money."
For his
next stage, Dunham will concentrate on "the fun
stuff," as he calls it - the marketing
of Leasing Associates and generating more "wild ideas." From the
man whose wild ideas have included forming WAEL, it's sure
to be some fun stuff
--------
Today Steve Dunham
oversees the operation from his New England office. The Santa
Clara staff includes Betty Loya, a twenty year employee, as operations
manager and his son Brad Dunham as sales manager. Jay Coles continues
to operate the Pleasant Hill Office.
Brad Dunham
Sales Manager
Leasing Associates
3000 Scott Blvd. Suite 104, Santa Clara, CA 95054
Phone: (800) 544-3981 Ext. 103 Fax: (800) 700-7595
Email: ilease@yahoo.com
“Standing: 1996 United
Association of Equipment Leasing President Elect Oren Hal. Insert: Saturday
keynote speaker Art Schwartz,
( originally a management
service provider, then the first executive secretary of the organization.)”
November, 1995 UAEL
Regional Reporter
A
recent “Whatever Happened to...” found Bob Jacobson:
Bob Jacobson Found Alive and Well!!!
Leasing
News has printed several “Pictures of the Past” regarding former
equipment leasing industry Bob Jacobson. On
February 12
In 1983, Robert S.
Jacobson, III, was the Western Association of Equipment Lessor vice-president. At the time he was vice-president, National
Broker Division, Tri-Continental Leasing Corporation, a division of
Bell Atlantic, a major telephone company.
A WAEL Leasing Conference was not the same without him. He had
served as vice present and member of the Executive Committee. In 1984
he
He was recruited
by Don Smith and Hy Bren of Interlease, San Francisco in 1974, from
Union Bank. Don died of a heart attach while playing tennis in Tiburon,
and his then partner Hy Bren went on to form his own company, finally
joining Matsco, Emeryville, California, where he was a star salesman
and sales personnel recruiter,
Bob learned from
the great advertiser/promoter Don Smith at Perry's on Union Street about
“discounting” to start his own leasing company in 1975, which was sold
to a holding company where he remained president until forming Leasing
Acceptance. where Ben Millerbus was the sales manager. They had a direct
sales force. In the next downturn of the industry,
1978, the company split up: Millerbus left to start Pentek Leasing,
San Jose, California. He later he sold it in 1982 to Alaska Pacific
Bancorporation, which in turn was sold to a large Upstate New York bank.
Millerbus didn't stay retired long, forming Pentech Financial Services
in Campbell, California with the backing of John Otto, plus was co-founder
of Silicon Valley Bank ( he has recently formed a group to start a commercial
bank again ).
Jacobson, well-known
for his late night poker games, set up a broker “private label” operation
called Tri-Continental Leasing, then located in Mountain View, California.
In one of the next economic down turns, the telephone company divested
itself of this division, shutting down their branch operations. Bob
then went to work for Amembal, Deane & Associates doing lease training
across the country. From memory, he was here about a year before he
left the leasing business to join Hewlett-Packard, reformed, reportedly
doesn't gamble, and last heard was involved in managing an engineering
department. He and his family live in the Half Moon Bay area, California,
where he commutes to work (just like John McCue of McCue Systems, Inc.)
Attempts to reach
Jacobson him for a statement of the industry have gone unanswered. He
has been “annoyed” at Kit Menkin for several years for not attending
his birthday party, and that's Bob.
The
Good News ! ! !
Cheryl and Bob Jacobson are Alive and Well in Lake Tahoe
“As you all know,
I had become passionate about technology during my final years in the
leasing industry. After
Bell Atlantic Tricon decided to close the broker division in the early
90's, I devoted about a year to building up a computer BBS (Bulletin
Board System) out of my home. One of my users was a manager at HP Laboratories
in Palo Alto. He made me
a job offer to join HP as a temporary I.T. worker, installing computers
at the labs. That progressed
to a full time engineering job where I eventually became a department
manager in charge of inventing disruptive technologies.
“After about 5 years, my natural core competency of B*S* took over, and I was sent into the field. I ended up being a Business Development Manager for Europe, and then Asia. My job was to negotiate the multi-million dollar alliance and partner relationships for HP overseas. After 300,000 miles of travel per year and 270 nights in hotels every year for a 4 year period, I finally had to get out
in 2002.
“Cheryl and I found
ourselves in Lake Tahoe over a holiday, and fell in love with the area! We sold our home in Half Moon Bay, bought
a house up here, and then tried to figure out what we wanted to do for
work. I thought that maybe being a blackjack
dealer would be a great change of pace!
I was accepted into Harvey's black jack school, but when Cheryl
found out, she told me absolutely not.
She didn't want me in the smoke filled, booze filled, environment. I learned a long time ago that I wear
the pants in the family, but she tells we what color and which leg to
put in first. :-)
“So, Marriott opened
up a timeshare resort in Heavenly about that time.
I called up and they immediately took me on board. I've been selling vacation ownership here
in Tahoe since May '03.
“I'm still sober,
don't gamble anymore, and love living in Paradise!!
Attached is an updated
picture they took at HP a couple of years ago.
“I think about all
my friends in the Leasing Industry many times.
I try to keep up with what's happening to all my old friends
as much as I can. If anyone
wants to email me, my email address is jacobson@overjoyed.com.
And, Kit, you are totally forgiven for standing me up on my birthday
dinner so many years ago. :-)
“Bob Jacobson”
April, 1981 WAEL Newsline
Irene Devine has joined the Western Association of
Equipment Leasing staff as Associate Director. In addition to serving as Editor of Newsline, Irene will work with Executive Director Fran Schwartz and the Associate Director, Arthur Schwartz.
Irene formerly worked with the California Escrow Association, and has a background in publications, public relations and marketing.
February 24,1984,
it was announced Randy Bauler, CAE. would become the full time
executive director.
Randy Bauler, CAE,
formerly Executive Vice President of the Electric League of Arizona,
joined the Western Association of Equipment Leasing executive staff
in February.
“ ‘We are delighted
to have someone of Randy’s experience and enthusiasm join us,’ said
WAEL president Bob Jacobson. “WAEL has grown tremendously in the past
few years and many new programs are planned for this year. Randy will
be a real asset to the WAEL management team.”
“Bauler will work
with the WAEL Board and Long Range Planning Committee in developing
a strategic plan for WAEL’s next five years. Responsibilities for committee
projects and other WAEL programs will be divided between Bauler and
WAEL Executive Director Irene Devine.
“Public Relations,
Member Services, Certification, Membership, Brokers and Federal Legislative
Involvement Committees will be coordinated by Bauler. Devine will work
with Education, Legislative Relations, Accounting, Tax, Legal and Standards
Committees and will continue to edit
“Bauler started his
career as an association executive with the Arizona Electric League
in 1975. He received the Professional Performance award form the American
Society of Association Executives in 1981 and his CAE ( Certified Association
Executive) designation in 1983.”
June, 1985, the new logo was approved:
WAEL NEWS LINE December, 1988
WAEL Selects New Executive
Vice President
After Months of conducting
an extensive nationwide search, the WAEL Management Selection Task Force
recommended a twenty -year association executive, Jon C Bednerik; he
was appointed by the WAEL Board of Directors to the position of Executive
Vice President during a special meeting held in November.
Bednerik assumed
his new post on December 5. That date marks the beginning of the transition
from the long-term relationship with Management/Association Services,
Inc. (MAS), which has been providing administrative support to WAEL
for some fifteen years. WAEL will establish its own association headquarters
staff in the Oakland/San Francisco Bay area. Plans call for the transition
to be completed around mark of 1989.
Chosen from a field
of more than 400 candidates, Bednerik has been Executive Director of
the Western Independent Bankers (WIB) for over five years. WIB is a
regional trade association of 300 independent banks and some 50 associate
member firms in thirteen Western States.
Bednerik's association
career includes serving as Director of Government Affairs for over six
years with the National Association of Drilling Contractors, and five
years with the National Society of Public Accountants, as well as two
years with the National Association of Broadcasters. A registered lobbyist
in Washington, D.C., his prior job experience was a newspaper reporter
and in the advertising and publishing fields.
A graduate of Rollins
College in Winter Park, FL with a bachelor's degree in philosophy and
government, he also completed his course work for an LLB at Vanderbilt
University School of Law in Nashville, TN.
Bednerik noted, "WAEL
is extremely fortunate to have the benefit of outstanding volunteer
member involvement and has enjoyed the services of one of the finest
multi-association management firms in the country. Now WAEL has the
opportunity to develop its own full time team. My goal is to continue
to build on the strong foundation and to provide expanded membership
services, to emphasize high quality seminars at reasonable costs, and
to create higher public profile for professional lessors and the important
role played by the leasing industry."
An avid sailor, he
and his wife Darlene, live in Alameda. Their daughter Lydia attends
the University of California at Santa Cruz.
Management of WAEL
will be in the process of transition throughout the first few months
of 1989, while the new office is being relocated. (See "President's
Perspective" column for details on the Management Transition Task
Force.) Watch your mail and future issues of Newsline for updates and
details on all of the exciting changes currently happening in your association.
|
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|
Executive Director |
Meeting Planner |
Administrative Assistant |
|
"The director of the |
"I've got a great idea for our next meeting-if only I could remember
it." |
""Good morning. This is WAEL. |
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Artist |
Director of Publications |
Director of Administration |
|
"I paint; therefore, I am." |
"Not now! I'm right in the middle of a great magazine." |
"Let's see... one plus one is two, two plus two is ..."- |
" Jon Bednerik
was a real "people person'. Bednerik had a lot of imagination...
Events and creativity were the best. "
Ron Wagner
" Jon came to
WAEL from the Independent Banker's Association after search committee
interviewed more than 20 candidates and reviewed more than 100 resumes.
Jon's strengths were his written communications and publications. If
you remember the Newsline prior to Jon's tenure it was of much lower
quality. Jon received a crash course in financial management during
his first year at WAEL. To say we had some tough finance meetings before
the BOD met is a gross understatement. The Executive Committee at the
time; Ben Millerbis-Past President, Jim Possehl-President, Ron Wagner-VP
and Bill Grohe-Sec-Tres held weekly conference calls and held Jon's
hand as much as possible. Our Spring Conference at the Camelback was
a success, but not without some significant good fortune. The Fall Seattle
Conference was also successful but the chaos behind the scenes was serious
hand wrenching. We were very fortunate to have hired excellent staff
and the year was a positive one for WAEL but required four or five times
the time and effort by the executive committee and a load of good luck."
Jim Possehl
Western Association
of Equipment Leasing ( WAEL )
Tomorrow---
Part III
On Dr. Ray William’s watch:
WAEL becomes UAEL
----------------------------------------------------------------------
### Press release #########################
Secretary
General of Leaseurope Joins The Alta Group
Marc
Baert
LONDON --In anticipation
of his 2007 retirement from his present role as secretary general of
Leaseurope, Marc Baert has joined The Alta Group as an associate. The
Alta Group, an international consulting firm specializing in the equipment
leasing industry, serves Latin America, North America and Asia Pacific
as well as Europe. Mr. Baert will serve Alta clients throughout Europe
but will focus especially on emerging markets in Central and Eastern
Europe.
Mr. Baert studied
law at Leuven University and was admitted as a Barrister to the Brussels
Bar in 1968. He entered the world of finance in 1972 and until 1984
was the director of sales and marketing at International Factors in
Brussels. During that time he also earned an MBA at the University of
Ghent.
From 1985 until the
present time, Mr Baert has served as the Secretary General of both Leaseurope
and Eurofinas in Brussels. These organisations are the central trade
bodies of both leasing and consumer credit in Europe and are made up
of the national associations. Their main purpose is to represent the
views of the two industries in the European Community and within the
European Commission.
Mr Baert has played
a huge support role to the fledgling markets of the Central and Eastern
European countries, both those who have recently joined the European
Community and those still awaiting membership. He has given considerable
assistance and advice as these countries have formulated their laws
and practices to encourage the development of a leasing industry.
Derek Soper, Principal
in the London Office, said “We are delighted to have Marc Baert join
us, he has made a significant contribution to the development of the
emerging leasing industry in Central and Eastern Europe and his expertise
will help us to keep well ahead of our competitors.”
About The Alta Group
Founded in 1992, The Alta Group (www.thealtagroup.com) is a leading source of corporate consulting and advisory services, education, and training to the global equipment leasing and finance industry. The Alta Group’s European office, based in London since 1998, is now composed of eight members, all with extensive backgrounds in the $500 billion global equipment leasing and finance markets. Globally the Group is composed of former CEOs, company founders, and industry organisation leaders-who collectively have more than 500 years of experience. For more information on The Alta Group and its
European operations,
visit www.thealtagroup.com or
call Derek Soper
at +(44) 1444 891344.
### Press Release
######################
KEY
EQUIPMENT FINANCE NAMES SCOTT SCHAUER
VICE
PRESIDENT, DIRECT LARGE TICKET ASSET MANAGEMENT
SUPERIOR, CO. – – Key Equipment Finance, one of the nation’s
largest bank-affiliated equipment financing companies and an affiliate
of KeyCorp (NYSE: KEY), has announced the appointment of Scott Schauer
as vice president of direct large ticket asset management. His office
is located at Key Equipment Finance’s world headquarters outside Boulder,
Colorado.
“Scott brings a wealth
of knowledge to the CLS-Direct\Large Ticket Asset Management team,”
said Paul Frechette, president and chief operating officer for Key’s
commercial leasing services group. “He is not only experienced in a
bank-owned lessor environment but also has passed all the exams required
to be an ASA Certified Appraiser and has extensive knowledge in the
equipment financing categories relevant to our business.”
Prior to joining
Key, Schauer was senior vice president and director of asset management
for GMAC Commercial Finance in Atlanta, Georgia, where he directed and
developed all aspects of asset management for the Equipment Finance
Division. He has nearly 20 years of equipment financing and asset management
experience gained through positions at SGI Solutions Finance, Mellon
US Leasing, Maryland National Leasing Corporation and G.E. Capital Corporation.
Schauer is a member of the American Society of Appraisers and the National
Aircraft Finance Association.
KeyCorp
affiliate Key Equipment Finance has announced that the company now manages
an equipment portfolio in excess of $10 billion. "Reaching $10
billion in assets is an exciting milestone in our company's history,"
says Key Equipment Finance President and CEO Paul A. Larkins. "The
real accolades go to all of our professionals who are dedicated to providing
best-in-class products and services to our clients around the globe."
Key Equipment Finance
is an affiliate of KeyCorp (NYSE: KEY) and provides business-to-business
equipment financing solutions to businesses of many types and sizes.
The company focuses on four distinct markets:
• businesses of all sizes in the U.S. and Canada (from small
business to large corporate);
• equipment manufacturers, distributors and value-added resellers
worldwide;
• federal, provincial, state and local governments as well as other
public sector organizations; and
• lease advisory services for manufacturers’ captive leasing and
finance companies.
Headquartered outside
Boulder, Colorado, Key Equipment Finance has annual originations of approximately $3.9 billion, and as noted earlier,
manages a $10 billion equipment portfolio. The company has major management
and operations bases in Toronto, Ontario; Albany, New York; London,
England; and Sydney, Australia. The company, which operates in 24 countries
and employs 675 people worldwide, has been in the equipment financing
business for 30 years. Additional information regarding Key Equipment
Finance, its products and services can be obtained online at KEFonline.com.
Cleveland-based KeyCorp
(NYSE: KEY) is one of the nation's largest bank- based financial services
companies, with assets of approximately $85 billion. Key companies provide
investment management, retail and commercial banking, consumer finance,
and investment banking products and services to individuals and companies
throughout the United States and, for certain businesses, internationally.
The company's businesses deliver their products and services through
KeyCenters and offices; a network of nearly 2,200 ATMs; telephone banking
centers (1.800.KEY2YOU); and a Web site, Key.com(R), that provides account
access and financial products 24 hours a day.
### Press Release
#########################
CitiCapital’s
Ellen Alemany cited as “Woman to Watch” in Banking
Ellen Alemany has
been cited by U.S. Banker Magazine as the #8 “Woman to Watch” in banking.
Alemany is President and CEO of CitiCapital, Citigroup’s equipment leasing
and finance business and EVP of Citigroup’s Commercial Business Group,
which offers banking and commercial real estate services for small business
and middle market customers. She is also a member of the Citigroup Management
Committee. Additionally, Alemany serves as Treasurer and Board of Trustee
of the Equipment Leasing & Finance Foundation and is a member-elect
of the ELA Board of Directors.
The annual ranking
was based on U.S. Banker's review of 5,039 women in senior positions,
considering financial performance, job complexity, experience, management
style, ethics, community ties, education, and influence over a specific
market among their criteria.
In its write-up,
U.S. Banker notes, “In the last 21 months, [Alemany] built CitiCapital
into the second largest U.S.-based leasing company, thanks to acquisition
of Associates, Copelco, EAB and Schroeders. With a global portfolio
of $20 billion plus, CitiCapital now boasts more than 575,000 customers
and is a player in construction, material handling, transportation,
healthcare and business technology finance.
Ajay Banga, EVP of
Citigroup’s Global Consumer Group credit’s Alemany’s “strategic vision”
and “tremendous integrity” for her success. “She’s very warm and emotive,”
he says. “And she makes everyone have a voice.”
CONTACT:
Lisa Whitestone
CitiCapital
Phone Number: 914-899-7819
Fax Number: 914-899-7766
E-mail: lisa.t.whitestone@citigroup.com
### Press Release
##########################
|
Your One stop solution for training and reference material for the Leasing Professional
|
News
Briefs---
ABS East notches
record attendance
http://www.absnet.net/include/showfreearticle.asp?file=/headlines/1.htm
First major storm
of season pounds California
http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/
2004/10/19/state0112EDT0192.DTL
California's job
growth slow, steady
http://www.signonsandiego.com/news/business/
20041019-9999-1b19jobless.html
Greenspan: Household
Debt Not Serious Threat
http://www.washingtonpost.com/wp-dyn/articles/A44761-2004Oct19.html
FCC Chair to Seek
Net Telephone Oversight
http://news.yahoo.com/news?tmpl=story&cid=562&u=/ap/
20041019/ap_on_hi_te/powell_voice_over_net_2&printer=1
Assuming Someone
Else's Lease: Point, Click, Wait
http://www.nytimes.com/2004/10/18/automobiles/
Google wins tech
growth race
http://www.usatoday.com/money/industries/technology/
Redding, CONN: An
Old Mill Gives Way to a Village
http://www.nytimes.com/2004/10/20/business/20real.html?pagewanted=all
-------------------------------------------------------------------------------
Sports
Briefs---
Cards hope there's
no place like home
http://www.stltoday.com/stltoday/sports/stories.nsf/cardinals/story/
0E6CFD9149FA1EB086256F330018CD71?OpenDocument&Headline=
Cards+hope+there's+no+place+like+home
The Oakland Raiders have traded Jerry Rice to the Seattle Seahawks.
The trade will be final after Rice undergoes a physical and upon League
approval. (from www.raiders.com)
Seattle Seahawks Version of the Trade for Jerry Rice
http://seattletimes.nwsource.com/html/sports/2002066696_hawk19.html
San Francisco Version of Rice Going to Seattle
http://www.sfgate.com/cgi-bin/article.cgi?f=/chronicle/archive/
Chuck Gannon Won’t Be Back This Year/Its Kerry Collins for
the Raiders, while
all the fans yell, “Too-eee” “Too-eee” for
Marques Tuiasosopo,
the third string QB—Looks like Rice
still knows what
he is doing, just as Terrell Owens did
insisting on going
to the Philadelphia Eagles.
http://www.contracostatimes.com/mld/cctimes/sports/football/nfl/
-------------------------------------------------------------------------------
California
Nuts Briefs---
Schwarzenegger cracks
jokes about his wife's politics:
"There was no
sex for 14 days," he says after he endorsed Bush.
Governor bucks Bush
on stem cell research
Schwarzenegger also
supports plan for open primary
http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2004/10/19/MNGVD9C5P01.DTL
---------------------------------------------------------------------------
“Gimme
that Wine”
Mondavi receives
price for entire winery, stock soars after this announcement
http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=
news_view&newsId=20041018006201&newsLang=en
Update 1: Constellation
Makes Offer to Buy Mondavi
http://www.forbes.com/markets/feeds/ap/2004/10/19/ap1597151.html
Wineries benefit
from tax suspension
http://www.fltimes.com/Main.asp?SectionID=38&SubSectionID=
No more free Russian
River water
Fetzer, Ukiah balk
at paying for first time in 50 years; District contends its a bargain
http://www1.pressdemocrat.com/apps/pbcs.dll/article?AID=/
20041016/NEWS/410160332/1033/NEWS01
Oregon Vintners toast,
roast 2004 weather
http://oregonlive.com/metrosouthwest/oregonian/index.ssf?/base/
metro_southwest_news/1097927708288440.xml
Big and Beautiful:
Lafite for 12/Imperial---Eric Asimov
http://www.nytimes.com/2004/10/20/dining/20POUR.html
---------------------------------------------------------------------------
1803-The
Senate ratified the Louisiana Purchase Treaty by a vote of twenty-four
to seven. Originally concerned that France would develop this territory,
by the time the American delegation reached France, Napoleon was more
concerned about England and to both stop England from gaining this territory,
and to raise money, had offered $15 million for the property. The delegation
accepted it without any authority as too good of an opportunity to turn
down. The ratification was more
a legal formality.
http://memory.loc.gov/ammem/today/oct20.html
1818-A
diplomatic convention signed between Britain and the U.S. gave fishing
rights to American seamen off parts of Newfoundland and the coast of
Labrador. The U.S. renounced such activity within three miles of any
other British Territory. The boundary between Canada and the U.S.
between Lake of the Woods and the crest of the Rocky Mts. was fixed at the
49th parallel. No boundary was decided upon farther west,
and Oregon was declared open territory for ten years.
1827- Emily Howland, received an honorary doctorate
by the University of the State of New York at age 99 for her services
to educating black students which included helping establish or aiding
more than 30 institutions of learning in the youth, and schools in New
York and Virginia.
102-3335791-6093721?v=glance
1847-
Elizabeth Blackwell's application to medical school is accepted. Though
she was refused admittance to 29 medical schools and publicly ridiculed
for her attempts, Elizabeth Blackwell persisted. She studied privately
for three years before being admitted to the Medical Institute of Geneva,
NY, after the director had passed her application on to the students
for approval. Thinking it to
be a joke, they agreed on October 20, 1847, that "...the application
of Elizabeth Blackwell to become a member of our class meets our entire
approval." Her arrival at the school was greeted with shock and
hostility, however. She was cursed, spat upon, refused lodging at first,
and barred from some classroom demonstrations.
1858-Birthday
of James Robert Dewey, American lawyer and legislator, born near Bloomington,
IL, Republican member of Congress from Illinois from 1896 until his
death, Nov 30, 1922, at Washington, DC. Mann was the author and sponsor
of the "White Slave Traffic Act," also known as the "Mann
Act," passed by Congress on June 25, 1910. The act prohibited,
under heavy penalties, the interstate transportation of women for immoral
purposes.
1873
- Showman P.T. Barnum opened the Hippodrome in New York City to accommodate
his "Greatest Show on Earth".
1874
-- Modernist composer Charles Ives lives, Danbury, Ct.
http://www.schirmer.com/composers/ives_bio.html
http://www.ncmutuallife.com/company.html
nc/andrews/menu.html
1901-Birthday
of singer Adelaide Hall, Brooklyn, NY.
http://jacketmagazine.com/11/whalen-writing.html
1924-The
first Negro World Series is played between the Kansas City Monarchs
(Negro National League Champions) and the Hilldale Club (Eastern Colored
League Champions).Kansas City wins the series championship
5 games to 4.
http://www.negroleaguebaseball.com/history101.html
1931-Mickey
Mantle birthday, Baseball Hall of Famer, born at Spavinaw, OK. Mantle
replaced Joe DiMaggio in center field for the New York Yankees
and grew to become the most beloved player of his era.
His battle with liver cancer raised awareness for organ donation
and alcoholism. Inducted into
the Hall of Fame in 1974.
1932
-- Michael McClure born Marysville, Kansas.
http://www.thing.net/~grist/l&d/mcclure/mcclure.htm
http://www.mcclure-manzarek.com/mcclurebio.html
http://www.metroactive.com/papers/sonoma/12.14.00/mcclure-0050.html
1934-Birthday
of tenor sax player Eddie Harris, Chicago, Il.
November 8, 1966.
http://www.cyberstars.com/jazz/les-mccann/eddie.html
http://centerstage.net/chicago/music/whoswho/EddieHarris.html
1944---Top
Hits
Smoke on the Water - Red Foley
1944-
more than 100,000 American soldiers land on Leyte Island, in the Philippines,
as preparation for the major invasion by Gen. Douglas MacArthur. The
ensuing battles of Leyte Island proved among the bloodiest of the war
in the Pacific and signaled the beginning of the end for the Japanese.
The Japanese had held the Philippines since May 1942, when the awful
defeat of American forces led to General MacArthur's departure and General
Wainwright's capture. MacArthur was back, as he promised, but his invasion
of Luzon required a softening up of the enemy. Thus, the amphibious
landing of the American forces at Leyte and the concomitant goal of
destroying the Japanese fleet in the gulf was undertaken. All told,
the Japanese lost more than 55,000 soldiers during the two months of
battle and approximately another 25,000 in mopping up operations in
early 1945. The U.S. forces lost about 3,500-compared with the Japanese
loss of 80,000 total. The sea battle of Leyte Gulf was the same story.
The loss of ships and sailors was horrendous for both sides. The sinking
of the American carrier Princeton resulted in the drowning deaths of
500 men. When the Japanese battleship Musashi was destroyed by a massive
American aerial attack, more than 1,000 sailors died, including the
captain who stood on his bridge and literally went down with his ship.
Three days of sea battle saw the destruction of 36 Japanese warships-compared
with America's three. It also saw the introduction of the Japanese kamikaze-"divine
wind"--suicide bombers. The St. Lo, an American aircraft carrier,
was one of the first casualties, when one kamikaze pilot drove his plane
straight into its flight deck. More than 5,000 kamikaze pilots died
in this gulf battle-taking down 34 ships. But when all was said and
done, the Japanese had not been able to prevent the loss of their biggest
and best warships, signaling the virtual end of the Japanese Imperial
Fleet. The American victory on land and sea opened the door for General
MacArthur's invasion and the recapture of the Philippines. The television
series “Victory at Seas” captures much of this
major battle.
You Belong to Me - Jo Stafford
Wish You Were Here - Eddie
Fisher
I Went to Your Wedding -
Patti Page
Jambalaya (On the Bayou) - Hank Williams
1953
- Science fiction writer Ray Bradbury's chilling futuristic anti-book
novel, “Fahrenheit 451,” was published on this date.
starring Andy Griffith.
1955
- One of Harry Belafonte's hits was recorded for RCA Victor. It took
"Day-O" over a year to hit the pop charts in January of 1957,
after its name was changed to "The Banana Boat Song (Day-O)".
1956-Elvis Presley's "Love Me Tender," is now the first song
to the pop chart at #2. It also makes it to the Country & Western
chart, the R&B chart and the top One Hundred.
1957
- Tonight Walter Cronkite began hosting a weekly documentary. Called
"The 20th Century", the show reported on major events that
shaped modern history. In 1967, the show switched its focus and its
title to "The 21st Century". Until its last show on January
4, 1970. Cronkite was the only narrator of the program.
1961-
The Supreme Court upholds a Florida law which exempts women from jury
duty, unless they volunteer. In all, 18 states allow the jury duty exemption
while three state, Alabama, Mississippi, and South Carolina outright
barred women from jury duty. However, on 02-07-1966, a federal court rules
that such laws should end on June 1, 1967 because such laws "deny
to women the equal protection of the laws in violation of the 14th amendment."
In January of 1975 the Supreme Court says a Louisiana law forbidding
women serving on juries is unconstitutional.
The first woman juror served in the State of New York in 1936.
1962-The
Four Seasons' "Big Girls Don't Cry" is released.
1968---Top
Hits
Fire - The Crazy World of Arthur Brown
Then You Can Tell Me Goodbye - Eddy Arnold
1973-The
Rolling Stones have their first Number One ballad, "Angie,"
a song that sparks rumor that it's a love song from Jagger to David
Bowie's wife, Angela.
servlet/ShowMainServlet/showid-591/The_Six_Million_Dollar_Man/
1976---Top
Hits
1979
- The John F. Kennedy Library in Boston was dedicated.
Hard Habit to Break - Chicago
1988-Top
Hits
Wild, Wild West- The Escape Club
1989
- Forty-nine cities reported record low temperatures for the date as
readings dipped into the 20s and 30s across much of the south central
and southeastern U.S. Lows of 32 degrees at Lake Charles LA and 42 degrees
at Lakeland FL were records for October, and Little Rock AR reported
their earliest freeze of record. Snow blanketed the higher elevations
of Georgia and the Carolinas. Melbourne FL dipped to 47 degrees shortly
before midnight to surpass the record low established that morning.
Showers and thunderstorms brought heavy rain to parts of the northeastern
U.S. Autumn leaves on the ground clogged drains and ditches causing
flooding. Up to 4.10 inches of rain soaked southern Vermont in three
days. Flood waters washed 600 feet of railroad track, resulting in a
train derailment.
http://geo.arc.nasa.gov/sge/jskiles/fliers/all_flier_prose/oaklandfires
_brass/oaklandfires_brass.html
http://www.firewise.org/pubs/theOaklandBerkeleyHillsFire/
http://www.presol.com/~paulkienitz/px/gal-fire.html
October 20
1991- Oakland Hills fire, California
http://geo.arc.nasa.gov/sge/jskiles/fliers/all_flier_prose/
oaklandfires_brass/oaklandfires_brass.html
1993-Top
Hits
Dreamlover- Mariah Carey
Just Kickin It- Xscape
Id Do Anything For Love (But I Won t Do That)- Meat Loaf
1995
- The clever black comedy, Get Shorty, starring John Travolta, Rene
Russo, Gene Hackman, Danny DeVito, and Dennis Farina, opened across
the country. The film did well at the box office, and once again affirmed
Travolta's "come back" to films.
2001—Top
Hits
Silver Side Up-Nickeback
Pain is Love-Ja Rule
Songs in a Minor-Alicia Keys
World Series Champion This
Date
1982---
St. Louis Cardinals
1988—Los
Angeles Dodgers
1990-Cincinnati
Reds
Today is Mickey Mantle’s birthday, so first,
a song made popular by Teresa Brewer, a top hit
in its day, sung along with the famous home run hitter.
I love Mickey
Mickey who? You know who...
The fella with the celebrated swing
I love Mickey
Mickey who? You know who...
The one who drives me batty ev'ry Spring
If I don't make a hit with him my heart will break in two
I wish that I could catch him and pitch a lttle woo oo
I love Mickey
Mickey who? Mickey you. Mickey me?
That's who oo oo oo oo oo oo oo
I love Mickey
Mickey who? You know who...
His muscles are a mighty sight to see
I love Mickey
Mickey who? You know who...
The one I want to steal right home with me
I'd sacrifice most anything to win his many charms
I'd like to be a fly ball and pop into his arms oo
I love Mickey
Mickey who? Mickey Mantle
Mm mm I love you
Who, me?
Mm mm I love you
Not Yogi Berra?
Mm mm I love you
Here are other “baseball hit” songs:
http://www.davesfunstuff.com/funnycity/aaabaseball.htm
|
Lyrics to Roy Clark's Rendition of Performed at Mickey Mantle's Funeral, August 15, 1995 -
Dallas, TX |
|
(When Mickey heard Roy Clark sing the song, "Yesterday
When I Was Young," he felt it summed up his life very
well. He asked Roy if he would sing it at his funeral.)
Yesterday when I was young The taste of life was sweet as rain upon my tongue
I teased at life as if it were a foolish game The way the evening breeze may tease a candle flame
The thousand dreams I dreamed, the splendid things
I planned I always built, alas, on weak and shifting sand I lived by night and shunned the naked light of day
And only now I see how the years ran away Yesterday when I was young So many drinking songs were waiting to be sung So many wayward pleasures lay in store for me And so much pain my dazzled eyes refused to see I ran so fast that time and youth at last ran out
I never stopped to think what life was all about
And every conversation I can now recall Concerned itself with me, and nothing else at all
Yesterday the moon was blue And every crazy day brought something new to do I used my magic age as if it were a wand And never saw the waste and emptiness beyond The game of love I played with arrogance and pride
And every flame I lit too quickly, quickly died The friends I made all seemed somehow to drift away
And only I am left on stage to end the play There are so many songs in me that won't be sung
I feel the bitter taste of tears upon my tongue The time has come for me to pay for yesterday when
I was young "Yesterday
When I Was Young"
Lyrics by Charles Aznavour Translated into English by Herbert Kreutzer Performed by
Roy Clark, August 15, 1995, Dallas, Texas |
 |
www.leasingnews.org |
 |
