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Re: Ray Tomlinson, inventor of modern email, dies

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hancock4@bbs.cpcn.com writes:
> Based on inflation, if Western Union were around today, a telegram
> would cost about $25 for only fifteen words, and the message would be
> relayed over the phone, hard copy delivery cost extra.  In 1975, 
> you were basically paying for an official legal record of the 
> message and faster transmission than via postal mail.  Sadly, 
> you were also paying for a lot of labor and obsolete technology.
>
> Western Union attempted to provide an email service, called EasyLink,
> but it didn't work out, and helped bankrupt the company.

In early 90s, AMEX spun off a lot of its dataprocessing and other
businesses (including Moneygram) as First Data, in the largest IPO up
until that time. Later in the 90s, First Data merges with First
Financial (which owns the troubled Western Union and FDC has spin off
Moneygram in the merger). However, by the middle of last decade, illegal
workers sending money home have increased Western Union business until
it was half of FDC's bottome line .... and Western Union is spun off in
IPO. President of Mexico had earlier invited FDC executives for a
Mexican visit and promised to throw them in jail (for what WU was
charging).

A little later, FDC corporate hdqtrs is lopped off and the remaining FDC
is taken private by KKR in the largest reverse-IPO/LBO up until that
time.
http://www.garlic.com/~lynn/submisc.html#private.equity

Much earlier, AMEX and KKR had been in competition for LBO of RJR
and KKR wins
https://en.wikipedia.org/wiki/Barbarians_at_the_Gate:_The_Fall_of_RJR_Nabisco

KKR runs into trouble with RJR, and hires away the president of AMEX
to turn it around.

IBM has gone into the red and is in the process of being reorged into
the 13 "baby blues" in preparation for breakup. The board then hires
away the former president of AMEX to reverse the breakup and resurrect
IBM. Uses some of same techniques at IBM that had been used at RJR
http://www.ibmemployee.com/RetirementHeist.shtml

Later the former president of AMEX leaves IBM and becomes head of
another large private-equity company which does LBO of company that will
employ Snowden:
http://www.investingdaily.com/17693/spies-like-us/

past posts
http://www.garlic.com/~lynn/submisc.html#gerstner

As mentioned above, companies in the private-equity mill are under
intense pressure to generate income any way possible, including those
that security clearances have been outsourced to ... which were found to
be just filling out the paperwork and not doing the background checks
(although as periodically mentioned, victim companies in the
private-equity mill account for over half of corporate defaults).

Note it is illegal for (including beltway bandit) companies to use money
from gov. contracts to lobby congress. However, a private-equity firm
could lobby on behalf of their subsidiary which might not have any
income other than gov. contracts (theoritically using money from other
private-equity operations).

-- 
virtualization experience starting Jan1968, online at home since Mar1970

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Ray Tomlinson, inventor of modern email, dies Walter Banks <walter@bytecraft.com> - 2016-03-09 15:42 -0500
  Re: Ray Tomlinson, inventor of modern email, dies Jorgen Grahn <grahn+nntp@snipabacken.se> - 2016-03-10 18:54 +0000
    Re: Ray Tomlinson, inventor of modern email, dies Fred Smith <fred@smith.com> - 2016-03-10 20:47 +0000
      Re: Ray Tomlinson, inventor of modern email, dies Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2016-03-11 04:20 +0000
    Re: Ray Tomlinson, inventor of modern email, dies Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2016-03-11 04:20 +0000
      Re: Ray Tomlinson, inventor of modern email, dies Jorgen Grahn <grahn+nntp@snipabacken.se> - 2016-03-11 21:12 +0000
        Re: Ray Tomlinson, inventor of modern email, dies Charlie Gibbs <cgibbs@kltpzyxm.invalid> - 2016-03-11 22:05 +0000
    Re: Ray Tomlinson, inventor of modern email, dies hancock4@bbs.cpcn.com - 2016-03-10 21:48 -0800
      Re: Ray Tomlinson, inventor of modern email, dies "Sam Crean" <sg55443@gmail.com> - 2016-03-11 19:43 +1100
      Re: Ray Tomlinson, inventor of modern email, dies Ahem A Rivet's Shot <steveo@eircom.net> - 2016-03-11 09:07 +0000
    Re: Ray Tomlinson, inventor of modern email, dies Ahem A Rivet's Shot <steveo@eircom.net> - 2016-03-11 08:13 +0000
  Re: Ray Tomlinson, inventor of modern email, dies "Charles Richmond" <numerist@aquaporin4.com> - 2016-03-10 15:49 -0600
  Re: Ray Tomlinson, inventor of modern email, dies hancock4@bbs.cpcn.com - 2016-03-11 15:00 -0800
    Re: Ray Tomlinson, inventor of modern email, dies Anne & Lynn Wheeler <lynn@garlic.com> - 2016-03-11 16:09 -0800

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