Here's a Safe Bet
Remember that Casino bill languishing in Springfield?
- On March 1, 2017, the Board of Directors of Pinnacle Entertainment, Inc., a Delaware corporation (the “Company”), elected Ron Huberman to the Board of Directors. Mr. Huberman will hold office until the next annual meeting of stockholders (and until his successors shall have been duly elected and qualified). The Company has not yet made a determination as to the committees of the Board of Directors on which Mr. Huberman will serve. Mr. Huberman currently serves as Senior Advisor of PeopleAdmin, a talent management software company.
There are currently no arrangements or understandings between Mr. Huberman and any other persons to which he was selected as a director of the Company and he is not a party to any transaction that would be required to be disclosed by the Company to Item 404(a) of Regulation S-K.
Mr. Huberman shall be eligible to participate in all previously established and disclosed compensation and benefit plans in which non-employee directors participate. Information regarding these compensation and benefit plans are described in the Company’s Information Statement, filed as Exhibit 99.1 to the Company’s Form 10-12B/A, filed with the Securities and Exchange Commission on April 11, 2016 and is incorporated by reference.
As a commentator said a few days ago:
- Let's see who gets selected to run a Chicago Casino when it comes. Ron Huberman just got elected to the Board of Directors. My money is on Pinnacle Entertainment to end up running the Chicago Casino here. You heard it here first!
Perhaps the Pension Fund should see if there's an opportunity here?
Labels: corruption
posted by SCC at 12:04 AM
62 Comments:
The same names over and over and over.....
Come on, they found Huberman walking down a street and asked him to run the place....perfectly legal and above board. They just need someone to place hold till Rahm retires.....
Im sure Daley(s) are going to be in there somewhere
Rahm Rahm be the man
If Rahm don't do it no one can.
Just read Hibernians Wikipedia page. No idea who he was but holy shit he sounds awesome.
It's all about who wets their beak and how much the beak gets wet. It is the Chicago Way. Figure Daley and/or Patrick will wet their beak too.
Their stock is up 70% in the past few months. Someone knows something.
He's from the usual suspect's list. It never changes. They go from one clout, connected job to another. They grab and grab and grab until they can no longer grab. Next, the head of security for the new casino will be named from the same list. It is the Chicago way.
Is there no end in sight to the upper echelon positions this man's clout can open for him? Talk about connections!
At this point who cares, just fund my fucking pension with something!
A couple of pension funds just went insolvent in NYC. Pensions were and always will be a ponzi scheme. People bitch about too many government employees, well, when you eliminate jobs, it reduces the money coming in the pension fund. Also the experts get paid regardless. Even with the massive boom of common sense tech stocks, the experts and Jim Cramer clones who manage the pensions stayed away from Facebook, Google, Apple and that is just a couple of safe ones. It is over. Then the cops allowed Vanecko to steal 68 million from there, no charges, he will never go to jail. Time for different priorities.
Dont Worry , They have the Money , Here we go again ,the Mayor is about to pull OUT OF HIS ASS AGAIN another 200 Million or more to put in NEW STREET LIGHTs and we all know it will be more by the time that bullshit is over with , again we dont have no money for pensions
I remember Huberman in 24 never said a word, just stared, five years later he's on tv and you needed a gag to shut him up!!!
Run, do not walk
Remember the Starz series "BOSS" a Chicago casino to save the city from bankruptcy and the white Police Superintendent was fired too after a black kid shot by Police. Now I know why they canceled the show too real life!
Anonymous Anonymous said...
Im sure Daley(s) are going to be in there somewhere
3/30/2017 12:26:00 AM
Yep, and Madigans, Burkes, Higgenbottoms. Jacksons, Duncans, Jarrets, Mells and on and on.
If approved, this casino will never contribute anything to pensions or the public good after lining the pockets of this crew. The Chicago way
Gene Roy sat with Huberman at his pension board hearing concerning bundling all his City of Chicago time. Gene Roy head of Casino security.
Huberman won't forget Mike Shields and the Pension board...
First of all, Huberman is Daley's guy, so it's already a crooked enterprise. Second of all, stop thinking that any deal involving a casino is going to save the pension fund. They will use Hollywood-type accounting; the fund will see "net profits" from the casino - but there won't be any! Who cares? Well, if we gave up all sorts of contractual benefits to get promised those net profits, we're all going to care!
He can't be all bad, see Wikipedia: "Upon his graduation in 1994 from the University of Wisconsin-Madison, Huberman entered the Chicago Police Academy and began his career in public service. He was initially assigned as a patrol officer in Chicago's Rogers Park neighborhood, and also served as a bicycle officer and as a tactical gang team officer."
Luberman is still scamming.
OT- does anyone know, if or when the Illinois Supreme Court will hear the retiree medical insurance case?
Let it be told that this casino will the first one to Never make a profit. So no contribution to pension fund. We get screwed again cause of our poor choices on who represents us.
The end is closer than you think...
The ballad of Lumberman.
You don't tug on Superman's cape.
You don't fight in the subway tubes.
You don't pull the mask off the old Lone Ranger,
And you don't mess around with Da Lube.
For, I've missed him.
Now, kees me you fool!!!!
I believe Huberman's father is a friend of Rahm's. I suppose somebody has to run it. Only time will tell. It's kind of like that Illinois Lottery fiasco, they tried to fire the private firm that's currently running it but discovered their contract had all kinds of clauses in it and it's taken twoyears so far to get out of the contract. There was an article that said employees of the private firm will be splitting $2m in bonuses even though they are underperforming. The article did not name names. I'd like to see someone look into that one and name the players there.
By the way the article also stated that the Illinois Lottery is a scam. They develope an instant scratch off game call it XYZ. They promise big payouts call it 2/$1m grand prizes then they distribute all the tickets. However once they sell a certain percentage of tickets most of the time without the grand prizes ever being won they pull the remaining unsold tickets and end the game. Point of diminishing returns theory. It's the Illinois Lottery and its fixed. The article stated that there are other states that do the same thing but there are also other states that sell 100% of the tickets for every game. Not that I played on a regular basis but I did buy scratch offs to throw into a card from time to time. I won't spend a dime on another scratch off now.
T
But, TD 9.5 seems so nice. The other day, at zero dark thirty, he met us at the academy and we went for a morning run around the near west side. It was wonderful, but why do people yell 'jagoff' when they see him?
No matter who runs the casino, a certain group will get very rich and minimal contributions if any will be made to the pension funds. Cops will be offered security jobs paying $15.00/hr.
A big winner, with pockets full of cash, a city that protects it's criminals, yeah that's where I want to go gamble! NOT!
J.J.
Ron Luberman is a stroke!!! The guy was an ass in 024 as a patrolman, goes out and gets a degree, woos some higher up who hires him back as an exempt rank with no experience because he could command a decent salary in the private sector, works for daley as chief of staff, etc., etc. This guy has been running in the circle for a longtime along with forest claypool, tom dart and frank kruesi. All these guys have held office in some form or another with police, cta, board of ed. and county. He's like herpes that you can't get rid of!
A couple of pension funds just went insolvent in NYC. Pensions were and always will be a ponzi scheme. People bitch about too many government employees, well, when you eliminate jobs, it reduces the money coming in the pension fund. Also the experts get paid regardless. Even with the massive boom of common sense tech stocks, the experts and Jim Cramer clones who manage the pensions stayed away from Facebook, Google, Apple and that is just a couple of safe ones. It is over. Then the cops allowed Vanecko to steal 68 million from there, no charges, he will never go to jail. Time for different priorities.
Pension fund would be better off investing all money that's allowed for stocks into the vanguard or fidelity S & P 500 Index fund. It follows the market and has almost no fees. History has shown very few investment managers can beat the index. All managers do is take high fees
Ten years ago one of the richest men in world challenged the manager to beat him. Warren Buffet is the man and now 9 years into the 10 year bet he is kicking the investment managers ass. The results would astound you
Make the Illinois Gaming Board investigate. They hate gaming, so give them a call (855) 494-0237
Are the "profits" from a Chicago casino supposed to go into the city pension funds? Of course after all "expenses" are deducted there will be no profits. The usual list of political hacks and contractors will be in charge of running the casino. Nothing ever changes in this town.
@Leonard Hamilton; well said, a wise Cop would do his own investing in dividend paying stocks, (DRIPS), spending some of the idle time at the second jobs or under the street light studying some investment news not playing video poker or fantasy sports.
Depending on a Casino for pension revenue is a gamble and the idea of a Chicago Casino is a day late and lots of dollars short. This should have been done 20 years ago when the craze hit, the scandals associated could have been solved and the politicians locked up, the outfit's skim could have been squashed. Instead we had willy nilly Quinn who was squirting in his skivvy's about scandals etc and lying Ryan double dipping his way to jail and landing the big fish got away.
So now johnny come lately appears and Huberman is injected like a shot of viagra. But it's not the money changers that run Pinnacle so his garble is a long shot. Besides they own Ameristar in wonderful East Chicago and they are the 5th owner, does that tell you it's a gamble.
The usual suspects are lining up "their guys" so every crony gets a piece of the pie. From the rise in stock price - this has been happening for several months.
Ron Huberman is a failure in my mind. He sold CPD on the CLEAR system, and then bailed for higher ground before it was rolled out completely. Another of Mayor Daley's tools...still working high paying jobs in Chicago
That makes him a perfect candidate for another higher paying clouted job...
Also, noticed Desiree Rodgers on same board. You are right about "the usual suspects".
Same old stuff. ENOUGH already.
We all know where the start up money is coming from now. The investors are all wealthy Chicago insiders.
They will recover their investments, Daley- Vanecko will collect broker commissions, profits will be divided and there will not be anything disbursed to City Pensions for at least 15 years.
This may be the first Chicago casino but it will fail to deliver any revenue for anyone beyond the initial investors start-up.
The obama lie-berry foundation may even have a stake in the project.
Don't count on a casino. Force Rahm to fund pension upfront.
�� �� �� ��
Here's a part of the million dollar wager between Warren Buffet and the hedge fund managers. It shows how much fees actually can cost a pension fund and that management firms and most managed account make less money because of fees
. Over the first nine years, the index fund has posted a compounded annual increase of 7.1% versus 2.2% for the five fund-of-funds selected by asset manager Protege Partners. That means $1 million invested in the index fund — the Vanguard 500 Index Fund Admiral Shares VFIAX+0.13% would have gained $854,000 so far versus just $220,000 for the hedge funds. (See table below from the annual letter.)
The wager expires Dec. 31. The proceeds go to a charity selected by the winner — Girls Inc. of Omaha if Buffett wins, or Absolute Return for Kids if Protege Partners proves victorious.
A little insight in how fees affect investing returns and how a lot of people make money except the actual investors. A must read
http://www.marketwatch.com/amp/story/guid/31A0068C-FB62-11E6-83E8-CFED21FD304B
Can a streetlight be repossessed?
Desiree Rogers is on the board or connected to that company too.
(OT) today's tribune letters to the editor not mine but excellent point rahm again supports criminal behavior what about the taxpayers rahms giving discounts to criminals takes 1 to know 1:
Emanuel's proposed municipal ID raises a big question: What's next?
Our mayor wants to introduce an ID card for those living in Chicago illegally. It will be accepted by all city departments as proof of identification. However, Chicago will not hold on to addresses, phone numbers and other pertinent information for fear these people could be deported under federal law. We don’t know what documents will be used yet, maybe expired foreign passports like New York’s program.
I have a few questions — mainly, can I, as a legal resident, get this ID? It’s mentioned that city officials want to tie this ID to discount programs at Chicago museums and sports events. Shouldn’t legal residents get the same benefits? Also, my dad died a few years ago, and I have his expired passport. Can I get the ID in his name so I can go off the grid since addresses are not kept? Noncitizens and people here illegally are counted when determining voting districts. Is this ID to facilitate that and is the next step to recommend they can vote? Cities in Massachusetts and Maryland have already put this to a vote for local elections.
I guess my problem is our city is spending money on this ID program and programs for those who are not citizens. Have we done all we can to eliminate Chicago’s budget deficit and solve our murder problems such that we now have extra money for those who are undocumented?
— Ken Nelson, Chicago
Blogger Leonard Hamilton said...
A couple of pension funds just went insolvent in NYC. Pensions were and always will be a ponzi scheme. People bitch about too many government employees, well, when you eliminate jobs, it reduces the money coming in the pension fund. Also the experts get paid regardless. Even with the massive boom of common sense tech stocks, the experts and Jim Cramer clones who manage the pensions stayed away from Facebook, Google, Apple and that is just a couple of safe ones. It is over. Then the cops allowed Vanecko to steal 68 million from there, no charges, he will never go to jail. Time for different priorities.
3/30/2017 03:26:00 AM
Their is going to be a lot of very upset Teamsters when Central States goes bankrupt the administrators in Rosemont better watch out!
this reminds of a scene from the movie "the godfather part II" in Havana when hyman roth said to Michael Corleone " I know a suit case full of 2 million dollars just landed in Havana if you leave Havana without the suit case I will know I have a partner if you leave with the suit case I will know I wont."
There will be no casino money to the police pension. All the casino profits have been stolen and divied out.
Anthony M. Sanfilippo
Chief Executive Officer
TO BE THE BEST IN THE WORLD
A
Message
From
Our
Chief
Executive
Officer
At the heart of Pinnacle Entertainment is our more than 16,000 team members who create magical and memorable moments every day for our guests. From celebrating a birthday, anniversary or just a fun night out, we enjoy creating memorable moments. We hope we see you at one of our terrific locations soon. Our team members are ready to create magical experiences for you!
If it's going to be a Casino run by the Chicago democrats and their handpicked minions,then it will be the only Casino in the state to lose money.
TD 9.5 and Luberman? Nothing good will come of their unholy alliance.
I remember Huberman from one of the protests downtown when he was a deputy chief. He came up to me in all the chaos and told me how to place my troops, not that I had been doing protests when he was in grade school. Just let it roll off my back. Next time I saw him was at the Andersonville Fest in pink shorts! I later had the occasion to interview an upper management person with the CTA regarding an unrelated police problem. I asked him what he thought of Huberman as being a past president of the CTA. He said Huberman put the CTA into more debt and he was a big spender to the vendors. He said they over ordered parts that they will never use and they just sit in the warehouses.
Anthony M. Sanfilippo
Chief Executive Officer
TO BE THE BEST IN THE WORLD
A
Message
From
Our
Chief
Executive
Officer
At the heart of Pinnacle Entertainment is our more than 16,000 team members who create magical and memorable moments every day for our guests. From celebrating a birthday, anniversary or just a fun night out, we enjoy creating memorable moments. We hope we see you at one of our terrific locations soon. Our team members are ready to create magical experiences for you!
3/30/2017 06:00:00 PM
This guy is a dick. His "magical" experiences are you working for shit pay and shit benefits. This outfit does not have any casinos anywhere near as big as a Chicago one will be. These guys are carnival workers wearing ties.
This shit never stops with these people. Unbelievable!
Google better government association (BGA) pension outlook database. It states Ron Huberman has 17 years of service with the CTA and contributed slightly over 14,000. 17 years? Bullshit. He's trying to scam some pension from CTA
Luberman can't stay out of the spot light always has to get his greasy mitts on the public coffers. Go back to driving the short bus,
your sheer idiocy & ineptitude has cost the taxpayers millions.
Go on the company website the slipper fuck is getting managing Soros related fund from comrade Georges' son. And Rodgers is with pension fund diaster Ariel investments and soon to be ex sister in law to ipra Farley
No matter who runs the casino, a certain group will get very rich and minimal contributions if any will be made to the pension funds. Cops will be offered security jobs paying $15.00/hr.
3/30/2017 09:18:00 AM
and there are plenty of morons on this job that will work for $15/hr.
SCC look who else is on Pinnacle board of directors.
Can't believe this trick-baby is still around and getting payed for nothing.
Illinois will never expand gambling....too many powerful politically connected families have a stake and don't want anymore expansion. Pinning pension sustainability on the hopes of casino windfall is a very stupid thing to do....twice the bill was on the governors desk...twice vetoed by a governor...a democratic governor at that.
Daley will make millions on this one Feds please get him soon
Daley will make millions on this one Feds please get him soon
Anonymous Anonymous said...
Daley will make millions on this one Feds please get him soon
3/31/2017 04:03:00 PM
Still wondering how his family got approved to take 60 million from our pension fund lost it but we're able to keep 9 million! Who approved this hope Feds have information hope forensic audit is coming soon! Who approved it who could that be?
Trump majored in finance at Wharton,
Yet he was oblivious that the casino business is
Cyclical. Had to declare bankruptcies during
Recessions. You can't change the business cycle.
Pension funds and casinos are mutually exclusive.
The deep pockets want to pull one over on a largely
Financially illeterate public. They have no morals or shame.
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