State officials trying to eliminate bonuses in times of fund lossesDavid Dewhurst demanded that $2 million in bonuses paid to top officials and staff of the University of Texas Investment Management Company be rescinded after a 27 percent drop in the fund's value. Amid the uproar, the chairman of UTIMCO board resigned Proposal would require three approvals for UTIMCO bonus pay UTIMCO chief cool to proposed bonus approvals
AT&T enhances coverage, adds new sites in TexasThe company is not releasing actual dollar figures for its planned capital investment in Texas this year. However, from 2006 to 2008, AT&T spent more than $6 billion on network expansions. “AT&T's effort to expand wireless access across Texas AT&T Unveils High Tech Wireless Store in Wyncote
Breaking: More SEC Charges in NY Pension Fund CaseWissman, who is closely affiliated with the Texas investment fund HFW Asset Management and a subsidiary incorporated in the British Virgin Islands, is represented by William Brewer III, name partner at Bickel & Brewer, and Martin Pollner of Loeb & Loeb NY Pension Deals Seen as Focus of Wide Inquiry Cuomo: Ray Harding Up on 3 Felony Charges, Texas Financier Pleads New York Pension Kickback Scheme Grows With Guilty Plea -
MyFox HoustonUT regents to elect new leaderSteve Ogden, R-Bryan, is pushing proposed legislation that would impose additional oversight on bonuses and investments. The system's investment arm, known as the University of Texas Investment Management Co., has seen its holdings decline dramatically UT regents choose a seasoned hand as their leader
Reached at his home in Fulshear, Texas, Young declined to comment. “This is an abject failure of anything akin to self- regulation,” said William Black, a University of Missouri law and economics professor in Kansas City and a former US bank regulator.
State officials trying to eliminate bonuses in times of fund losses - Fort Worth Star Telegram
16.04.09
Officials of more state investment pools are trying to reverse policies that guarantee performance bonuses even on the backs of dismal returns.
"You’re going to give a bonus to people who produce negative numbers?" asked State Board of Education member Rick Agosto, who is on the finance committee for the state’s $18 billion textbook fund. "In this environment, it’s not something we should be doing."
Pressure to revamp incentive pay for investment staff at government funds has been building since February, when Gov. Rick Perry and Lt. Gov. David Dewhurst demanded that $2 million in bonuses paid to top officials and staff of the University of Texas Investment Management Company be rescinded after a 27 percent drop in the fund’s value. Amid the uproar, the chairman of UTIMCO board resigned.
Several days later, the chief financial officer of Teacher Retirement System of Texas, the state’s largest pension fund, said he would forgo $168,000 in incentive pay.
I need to foreclose on an investment property in Texas, what are the ramifications?
Sep 01, 2008 by hjtys | Posted in Renting & Real Estate
I own my primary in CA free and clear and have another investment in Arizona that is also underwater. I can afford AZ but cannot afford the Texas property but am tied to a lease from the renter for an another 9 months. I need out on Texas. I tried to sell it for the last year with no luck. Is my primary safe and what is the best way to get out without much financial penalties?
Have you thought about approaching the current tenant, see if they would be willing to do a lease to purchase? Charge them the mortgage amount, and they maintain the property, and pay taxes, you pay the mortgage, and if/when they can finance the house on their own through a bank, you sell it for what's owed.
You would just have to file with the county registrar of deeds, not sure on which paperwork to file, should be able to easily get that info.
Explain to them that otherwise you may be forced to go into foreclosure, and the bank will kick them to the curb.
sunnieangel88 | Sep 01, 2008
What is the best area in Austin Texas to buy investment real estate?
Dec 16, 2006 by ucla06bruins | Posted in Renting & Real Estate
Which area will appreciate the most in the next 10 years? Which area has the highest rents per dollar invested? Also which area tends to attract the best types of tennants (clean, stable employment, etc.)
I like Pflugerville a lot right now and Manor is up and coming but will take a while to appreciate. Pflugerville is ripe with homes that are selling under market and that even have renters already signed in for a long lease period thus reducing the stress of finding a tenant. If you're looking to fix up and flip, I think the areas that are appreciating rapidly are Round Rock, Pflugerville, and if you want to stay in Austin, you can't go wrong anywhere you find a property with a motivated seller. Email or IM me if you want me to send you a few tricks on how to find them! This isn't spam, I'm not soliciting, promise! laroo613@yahoo.com
Laurie B | Dec 19, 2006
Subway or McDonalds which is a better franchising investment for Houston Texas?
Jan 09, 2008 by alisgig03 | Posted in Investing
I need to know if anyone has had experiene with either of these companies. I am interested in buying a established resturant or starting with a new building. Thank you so much
I'd say McDonalds. Houston is a fast-paced city, I live in south Texas and people are always talking about how in Houston things are GO GO GO! And since it's such a fast city McDonalds would fit right it! Subway is too slow.
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MyFox HoustonUT regents to elect new leaderSteve Ogden, R-Bryan, is pushing proposed legislation that would impose additional oversight on bonuses and investments. The system's investment arm, known as the University of Texas Investment Management Co., has seen its holdings decline dramatically UT regents choose a seasoned hand as their leader
