Why is it that people continually conflate the accrual of loads and loads of money coupled with a cheesy TV spot as prerequisites to becoming an effective policy-maker?
During tonight's Jimmy Kimmel Live!, Kimmel was in the middle of interviewing Mark Cuban when the subject of conversation turned to Charlie Sheen. Then, much to the surprise of Kimmel—and the audience—Sheen showed up! He seemed... excited.
Who's the latest to hop on the Charlie Sheen Manic Episode Train, currently heading express to Someone Getting Seriously Hurt And Probably Dead? Yes, it's loudmouth billionaire Mark Cuban, owner of the Dallas Mavericks, who's apparently talking with Sheen about developing TV shows for Cuban's cable channel HDNet:
Dianna Agron would rather wear warpaint. Christina Aguilera's mysterious trip to the ER. Kanye West replaces his teeth with diamonds. Thursday gossip "just thought they were cooler."
Bee Shaffer turns 22 today. Manhattan District Attorney Robert Morgenthau is turning 90. Billionaire financier Leon Black is 58. Harry Potter author J.K. Rowling is 44. Wesley Snipes is turning 47. Muckraking defense attorney Ron Kuby is 53. Another muckraker, entrepreneur Mark Cuban, is 51. Theater director Oskar Eustis turns 51. Ezra Zilkha is 84. The Office's B.J. Novak is 30. And actor Dean Cain is 43 today. Below, the birthdays of some people celebrating this weekend.
Why does the tech world get a throwdown in Austin when the banks have had to cancel their bashes? The news out of South By Southwest shows that Web hipsters are every bit as bankrupt.
Mark "The Maverick, when it comes to blogs and also finance" Cuban is proclaiming his innocence, in detail! Cuban, the mouthy tech billionaire owner of the Dallas Mavericks, was charged with the world's least sophisticated insider trading scheme by the SEC earlier this week. He issued a rote statement the same day denying the charges, and lamented that he wished he could say more. Well now he's saying more! Cuban's basic defense: Yes, I sold a bunch of stock after the CEO of a company I partially owned told me confidential, nonpublic information that I knew would hurt the stock price. But I never agreed to keep the information confidential, so there! Then he says (through his lawyer) that the CEO of said company is full of shit because he can't even remember the conversation. They posted this excerpt of an interview with the CEO:
♦ Paris Hilton has broken up with Benji Madden after nine months of dating, reportedly so she can return to the party circuit and possibly reunite with her ex, Stavros Niarchos. The second part of Paris' plan might be tougher than she thought, though, since Stavros may have his eye on Annabelle Dexter-Jones. [Star, People, P6]
♦ Anna Wintour's reps say she has no intention of leaving Vogue. And she has no plans to accept a "cultural post" in Barack Obama's White House either, just so you know. [MSNBC]
♦ Have Madonna and Guy Ritchie finally reached a divorce settlement? The couple has supposedly sealed a deal that will let Madge keep her cash and allow Rocco and David to spend half their time living with Guy in England. [ThisIsLondon]
♦ Winona Ryder's British Airways flight had to make a special landing in London yesterday after she fell ill, allegedly because she "accidentally overdosed" on Xanax. [The Sun, NYDN]
"My blog, because the press never gets it right." This 2006 Hewlett Packard ad featuring Dallas Mavs owner and dotcom bazillionaire Mark Cuban shows why it'll be fun to watch him fight with the SEC over a chump-change $750,000 windfall from what the lawmen claim is insider trading. Cuban is a crazy super-multitasker who gets 1,000 emails a day, yet still had time to do Dancing with the Stars. Halfway through this ad, he checks off The Smartest Guys in the Room, a documentary about the Enron scandal that he coproduced. My guess on this week's insider trading charge against him? He did it, not thinking through the risks. But he's going to make the SEC look like a bunch of dolts on the Internet. Pass the popcorn!
Dallas Mavericks owner and dotcom jillionaire Mark Cuban has posted an SEC P2 filing to his personal blog. Cuban can run a team, but he's a bit sloppy trying to put the paperwork in context. In short: The SEC has accused Cuban of ordering the sale of his shares in Mamma.com in 2004, based on inside info, to avoid a $750,000 loss. Here's what Cuban is trying to say with his post:
♦ Attorney General Andrew Cuomo says Citigroup should follow Goldman's lead and forgo bonuses for senior execs. [NYP]
♦ Embattled Yahoo! CEO Jerry Yang has announced he will step down as soon as the board finds a replacement. [NYT, WSJ]
♦ Mark Cuban's attorney on the insider trading charges leveled against his client: "The case has no merit, and is a product of gross abuse of prosecutorial discretion." [WSJ]
♦ Treasury Secretary Hank Paulson is unlikely to use the rest of the $700 billion bailout fund on any new initiatives, preferring to hand over the remaining pennies—and very big problems—to his successor in the Obama administration. [WSJ]
♦ Andrew Ross Sorkin on extending the bailout to GM: "Taxpayers shouldn't fork over a cent, at least until shareholders are wiped out, management is tossed out and the industry is completely reorganized." [NYT]
Billionaire Maverick(s owner) Mark Cuban has issued a statement proclaiming his innocence on the insider trading charges that the SEC filed against him earlier today. He posted the statement on his beloved blog, appropriately. And when he says "I wish I could say more," you can trust that he's telling the truth. We look forward to an ill-advised outburst from him in the coming weeks. For now, the official denial is after the jump:
Ha, well we had a chance to look over the SEC's insider trading complaint against mouthy billionaire Mark Cuban, and it's surprisingly entertaining! Mostly because they allege that Cuban may have tried to pull off the single most idiotic inside trading move in history. To set the scene: The CEO of a company Cuban partially owns calls him up with (confidential) bad news; Cuban gets pissed, knowing the news will sink the stock price; but he just received confidential information, so he can't sell! Here's how they say he handled this financial quandary:
Tech billionaire, anger-driven blogger, and owner of the Dallas Mavericks Mark Cuban has just been charged with insider trading by the SEC. The (civil, not criminal) charges center on an incident in 2004 in which Cuban allegedly got early insider information about a company he had an ownership stake in, and used that info to avoid a loss of $750,000. We have no idea whether the charges are true, but if they are, it's a foolish business move by a guy who's already been fined more than twice that much by the NBA just for running his mouth. Though it is possible to formulate a wild conspiracy theory about this! Mark Cuban would be just another rich guy except for his penchant for saying whatever pops into his head. He constantly criticizes the NBA, which is a no-no by owners. The flipside is he gets great PR. Although half of it is bad! Oh well. He also has a blog that is sometimes hilarious and not well thought out a bit. At the moment, Cuban wants to buy the Chicago Cubs from Tribune Co., which needs to sell the storied baseball franchise to raise cash, which it will burn in a vain attempt to save its newspapers. The idea of Cuban—a maverick—owning the Cubs absolutely kills traditionalists, who think he would totally ruin all the great Chicago traditions, such as having ivy on the outfield walls and losing constantly. So is it possible that there was some shady conspiracy that caused this allegation from 2004 to surface just in time to (likely) torpedo any chance Cuban has of buying the Cubs? You would have to be a crazy conspiracy freak to believe this, for which there is no evidence whatsoever, so please don't sue us.
