Facebook Twitter Monsanto Shareholders to Vote on Bayer Acquisition By Hoosier Ag Today – Nov 3, 2016 SHARE Home Indiana Agriculture News Monsanto Shareholders to Vote on Bayer Acquisition SHARE Monsanto shareholders are set to vote next month on Bayer’s acquisition of the company. In a news release this week, Monsanto announced that shareholders will vote December 13th on the $66 billion agreement. In September, Monsanto agreed to the acquisition terms proposed by Bayer, which will purchase Monsanto at a share price of $128 per share. When announcing the deal, the companies said it would add a half billion dollars to their collective bottom lines over the next three years.The special meeting of shareowners next month will be held at Monsanto global R&D headquarters in Chesterfield, Missouri.Source: NAFB News Service Facebook Twitter Previous articleFarmers Fleeing HSUS Ag Advisory CouncilsNext articleWOTUS Goes to Court Hoosier Ag Today
Norwegian Ministry of Petroleum and Energy has approved the installation of a new template at the North Sea Visund field as part of Statoil’s improved oil recovery project.Visund is an oil and gas field in the northern part of the North Sea, approximately 22 kilometers northeast of the Gullfaks field and about 140 kilometers west of the Sognefjord outlet.The field was built with a semi submersible integrated drilling, processing and housing platform, and came into production in 1999. The now approved project allows for the connection of four new wells to the Visund platform.The project has an estimated investment of approximately NOK 1.45 billion ($186 million).TechnipFMC has been awarded engineering, procurement and construction (EPC) contract which covers the provision of subsea equipment including template structure, manifold and two subsea trees including wellheads and modifications of control systems to the Visund Nord improved oil recovery project. In addition, the contract has been extended to cover installation of the template structure and manifold as well as delivery and installation of flowline spool and umbilical.The licensees of the Visund field are Statoil (53.2 percent), Petoro (30 percent), ConocoPhillips Skandinavia AS (9.1 percent) and Total E & P Norge AS (7.7 percent).Recoverable resources are estimated at about 11.5 million barrels of oil equivalents. Production start is scheduled for the third quarter of 2018.
But California Lt. Gov. John Garamendi, who also serves as a trustee, said the raises were a “very serious mistake,” arguing that the hikes were excessive and inappropriate at a time when students have faced a recent string of fee increases. He also said that he saw no evidence that salary levels were affecting recruiting and retention. “If any of the presidents are leaving, that’s news to me,” said Garamendi, who joined trustee Ricardo Icaza as the only votes against the raises. Garamendi also questioned whether there is a gap in total compensation, which includes salaries and benefits. But Reed said the university has had difficulty recruiting the best candidates for presidential openings because of the salary gap and caps on contributions to the state retirement system. “I have been turned down numerous times because of the compensation lags” in the CSU system, he said. Reed said an analysis of other institutions shows that there is not a gap in benefits. Students at the meeting said the salary increases were unfair considering that they have experienced fee increases and overcrowded classrooms. “We simply do not understand why our funding is lining the pockets of CSU executives instead of investing it in the classroom,” said 22-year-old Angela Stubbs, a senior at California State University, San Marcos. The CSU system is pursuing the pay increases to help offset a salary gap it says exists between the Cal State system and a comparison group of 20 academic institutions tracked by a CSU-hired consulting group. In July, the firm – Mercer Human Resources Consulting – noted that the average CSU president’s salary of $259,435 is 46 percent behind the comparison group salary of $378,774. In addition to salary, CSU presidents can live in a university residence or, if none is available, receive an annual housing allowance. Presidents also receive a vehicle or a monthly car allowance of $1,000. In a separate action Wednesday, trustees approved a new goal of increasing faculty and executive salaries over the next four years to the point where they match the average salaries of the same group of 20 comparison institutions. [email protected] local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! The board voted 14-2 to raise presidents’ salaries by an average of 11.8 percent, retroactive to July 1, in an effort to reduce a pay gap calculated by a CSU-hired human resources consultant. The board also increased the salaries of several high-level CSU executives, including Chancellor Charles B. Reed, whose salary will jump from $377,000 to $421,500. F. King Alexander, president of California State University, Long Beach, will get a nearly 10 percent pay increase – from $291,208 to $320,329. Mildred Garcia, president of California State University, Dominguez Hills, did not receive a salary increase Wednesday because she is new to the job. Some trustees said the pay increasees were necessary to retain and recruit high-quality presidents and executives who often can find better salaries and retirement benefits elsewhere. SALARIES: Boost in pay is to attract and retain talent, university system’s board says. By Kevin Butler STAFF WRITER Facing objections from some students and faculty, the California State University Board of Trustees on Wednesday voted to increase the salaries of university presidents to make them more competitive with other institutions.
160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! WASHINGTON (AP) – Supreme Court nominee Samuel Alito boasted about his work arguing that “the Constitution does not protect a right to an abortion” while trying to become a deputy assistant attorney general in the Reagan administration, according to documents released Monday. Alito, a federal appellate judge nominated by President Bush to the nation’s highest court, was a young lawyer working for the solicitor general’s office in 1985 when he applied for the position under Attorney General Edwin Meese. As part of his application, Alito sent a document saying his work in the solicitor general’s office had included helping “to advance legal positions in which I personally believe very strongly.” “I am particularly proud of my contributions in recent cases in which the government argued that racial and ethnic quotas should not be allowed and that the Constitution does not protect a right to an abortion,” he wrote. That sentence provides one of the first clear-cut statements attributed to Alito about abortion, which will be one of the main topics of his January confirmation hearing as retiring Justice Sandra Day O’Connor’s replacement. “I think that it is more reason to question him closely at the hearing,” said Sen. Arlen Specter, R-Pa., who will run Alito’s Jan. 9 hearings as chairman of the Senate Judiciary Committee. Specter, an abortion rights moderate, said a lot of people have shifted their views about abortion over the years and that he has found Alito to have “a very heavy commitment to legal interpretation which might differ from his own personal views.” Bush picked Alito after White House counsel Harriet Miers withdrew her Supreme Court nomination when confronted by withering criticism by some conservatives. “This may explain why the right wing expressed such enthusiastic support for Judge Alito after campaigning against Harriet Miers,” said Sen. Edward Kennedy, D-Mass., one of several senators who will meet with Alito privately on Tuesday. “When he comes before the Senate, Judge Alito faces a heavy burden of demonstrating that he no longer holds these extremely troubling views and would bring an open mind and a real commitment to fundamental rights and freedoms.” O’Connor has been a crucial swing vote on abortion on the Supreme Court, and Alito’s opponents fear that he and recently confirmed Chief Justice John Roberts would swing the Supreme Court to the right and lead to the overturning of the 1973 landmark Roe v. Wade decision establishing abortion rights. Alito, 55, has told senators in his two weeks of private meetings that he has “great respect” for Roe v. Wade as a precedent, but he did not commit to upholding it. Alito “joins a long list of jurists who have written that Roe was wrongly decided, including Ruth Bader Ginsburg before she was confirmed to the court,” said Sen. John Cornyn, R-Texas, a member of the Judiciary Committee. “The question is whether he will put his personal views aside as any judge should and base his rulings on what the Constitution says. His long track record as a federal appeals court judge shows that he has indeed put his personal views on abortion aside, and I have every confidence he will continue to do so.” The document was included in more than 100 pages of material about Alito released by the Ronald Reagan Presidential Library and the George H.W. Bush Presidential Library on Monday. Some abortion rights groups already have come out against Alito because of his work as a federal appellate judge, including a dissent on an appeals court decision striking down a law requiring women seeking abortions to notify their spouses. But White House spokesman Steven Schmidt said Alito’s 15 years as a judge on the 3rd U.S. Circuit Court of Appeals shows “a clear pattern of modesty, respect for precedent and judicial restraint.” When he wrote this document, he was working as an assistant to the solicitor general, where he stayed from 1981 to 1987. Although he sought the job of deputy assistant attorney general in 1985, he did not win that job until 1987. In the document, Alito declared himself a “lifelong registered” Republican and a Federalist Society member, and said he had donated money to the National Republican Congressional Committee, the National Conservative Political Action Committee and several GOP candidates. “I am and always have been a conservative and an adherent to the same philosophical views that I believe are central to this administration,” Alito said. Alito also wrote that he believed “very strongly in limited government, federalism, free enterprise, the supremacy of the elected branches of government, the need for a strong defense and effective law enforcement and the legitimacy of a government role in protecting traditional values.” The 1985 document on abortion was first reported by The Washington Times in Monday editions. Kennedy, who is also a Judiciary Committee member, wrote Alito on Monday questioning his explanations for ruling on a Vanguard case after telling the committee in 1990 that he would recuse himself from cases involving that company. Alito holds six-figure investments with Vanguard. In a Thursday letter, Alito told senators he was “unduly restrictive” in promising to avoid Vanguard’s appeals cases, and he did not believe he was required to disqualify himself on the basis of ownership of shares in a mutual fund. The White House has added that there was a computer glitch that allowed the disqualification issue to slip through undetected. The Vanguard name was prominent throughout the case, Kennedy said. “Surely, whatever the system, the oversight should have been obvious when the case reached you,” the letter said.