Independent Fiduciary Consultant, Economics and Financial Ethics

One who intends to leave others better off for his having existed.

7/11/12

Sound familiar? "Triad cities compete for call center"

City Council members could give more than $500,000 in incentives
to a collection company that may bring 2,000 jobs to the Triad,
according to local leaders.


Nice Website: Total cost less than $1,000?

...The orginal CFS declared bankruptcy in 1998

for the new solar farm location includes:"

Bartmann and Jones were indicted for fraud
by a federal grand jury.

...CFS II has 125 employees in Tulsa...

...it will add up to 2000 jobs
if it gets a major new contract.

If?

Does CFS II intend to out bid other companies
with taxpayer incentive money?

If another company bids without the taxpayer incentive money
how is this not a little bit smelly?

...accused of creating a shell company
to inflate their company's performance.

...Jones was sentenced to five years in prison.

A company with 125 employees looking to expand %1600
with other people's money?

Some council members are willing to fight other cities to get them here.


Three area city councils — Greensboro, High Point and Winston-Salem
— have expressed a willingness to give incentives
to the Tulsa-based debt collection agency CFS II,
Chief Operations Officer Wayne Learned said Wednesday.

Tom Terrell on the Solar Farm Deal:

The company plans to invest $6.63 million in new location,
according to documents with the city of Winston-Salem.

The jobs would have an average salary of $41,320.

Winston-Salem’s council voted Monday to give the company $500,000.

High Point and Greensboro councils haven’t consider it yet.


But Greensboro council members heard the details of the project
in a closed session Tuesday night.

Amanda and Joe

The proposal of any [businessmen]
ought always to be listened to with great precaution, and ought never to be adopted,
till after having been long and carefully examined
not only with the most scrupulous, but with the most suspicious attention.

It comes from an order of men
whose interest is never exactly the same with that of the public,
who have generally an interest to deceive and even to oppress the public,
and who accordingly have, upon many occasions both deceived and oppressed it.

Adam Smith
Moral philosopher and Father of Modern Economics

1 comment:

Doris Dimaggio said...


What kind of post is it? Is it a conversation? Not clear to me.

Doris R. Dimaggio
inbound call center