In general, an outsider does not have the constraints of an insider when it comes to leading painful changes or making unpopular decisions. Daily Journal Corp publishes newspapers and web sites covering California and Arizona and produces several specialized information services. Alibaba Stock Is Rebounding. Daily Journal Corporation offers legal software and services to US courts and other justice agencies, including browser-based case processing systems (eCourt, eProsecutor, eDefender, and eProbation) and electronic filing and payment tools (eFile, ePayIt). Jerry Salzman became CEO of the Company in 1986. It's no good. Legendary investor and polymath Charlie Munger, Berkshire Hathaway's vice-chairman and Warren Buffett's long-time business partner, headlined the Annual Meeting of Shareholders of the Daily Journal Corporation in Los Angeles on Wednesday.For nearly two hours, Munger, chairman of the Daily Journal's board, and Jerry Salzman, the company's CEO, fielded shareholder questions about topics ranging . I have been unable to conclusively disprove the rumor that this decision took placeover a bridge game with Guerin at the L.A. Country Club. Filed on June 24, 2014 . Who scolds. Data may be intentionally delayed pursuant to supplier requirements. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. A director, President, CEO and CFO, said Mr. Munger. Imagine that! Journal Technologies, Inc. is a wholly owned subsidiary and supplies case management software systems and related products to courts and other justice agencies. AIC President/CEO,RiskPro Insurance Services, Inc. P.O. Who wishes luck. But there is one other company on Spaceship Earth with the same distinction: the Daily Journal Corporation (ticker: DJCO). Its board is also stacked with two superinvestors: Charlie Munger and Rick Guerin. On average, Daily Journal executives and independent directors trade stock every 30 days with the average trade being worth of $320,430. The courts in the United States and around the world carry out incredibly important work that is crucial to civilization. Contact 3 . Words such as expects, intends, anticipates, should, believes, will, plans, estimates, may, variations of such words and similar expressions are intended to identify such forward-looking statements. Division of Corporate Finance. Who obeys. In Camelot, there was once a time in 1972 when three (countem 3) superinvestors were on the board of one company: Buffett, Munger, and Guerin all joined the board of Sees Candy immediately after Berkshire made the acquisition. Steven Myhill-Jones is about 37 years younger than Jerry Salzman. Who is sorry. The courts in the United States and around the world carry out incredibly important work that is crucial to civilization. By accessing ExecAtlas, you can view bios, network, connections and references of industry leading executives like Tu To. Who serves. Meanwhile, the second and third largest shareholders, hold 9.5% and 5.5%, of the shares . Mr. Myhill-Jones is a Canada-based technology executive, entrepreneur and investor. . Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. Markets category Charlie Munger's Daily Journal nearly doubles stake in China's Alibaba, article with image January 4, 2022 Business category Vivendi accelerates Lagardere purchase, extending . Charles Munger is the 98-year-old business partner of Warren Buffett at Berkshire Hathaway Inc. Daily Journal did not give an explicit reason for Jerry Salzmans departure from the CEO post. Contacts They decided to invest it in Wells Fargo stock (ticker: WFC), selling at $8 a share in the dregs of the financial crisis. Stand Up is a daily podcast. Who is at C-level. CEO of Daily Journal Corp (30-Year Financial, Insider Trades) Gerald L Salzman (insider trades) sold 8,286 shares of DJCO on 12/22/2020 at an average price of $332 a share. Daily Journal Corporation | 1469 seguidores en LinkedIn. Charlie Mungers Firm Doubled Down on Alibaba Investment, There's a lesson from Charlie Munger's increased bet on Alibaba. The Daily Journal is a legal publisher in Los Angeles, spun out in 1986 as a public company from a closed-end fund Munger and Guerin owned. Daily Journal Corp., a newspaper and software business that counts Charlie Munger as chairman, nearly doubled its holding of Chinese internet giant Alibaba Group Holding Ltd. shares in recent months. CEO Gerald L Salzman sold 8,286 shares of DJCO stock on 12/22/2020 at the average price of $332. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Who stumbles. Mr. Myhill-Jones will succeed Gerald Salzman as CEO. Charles T. Munger, who is also vice chairman of Berkshire Hathaway, is the former chairman and a current director. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. LOS ANGELES, March 28, 2022 (GLOBE NEWSWIRE) -- Daily Journal Corporation is pleased to announce that Steven Myhill-Jones has been selected as the company's new Chairman and Interim Chief . Daily Journal Corporation has 1 board member or advisor, Charles Munger . Charles T. Munger, who is also vice chairman of Berkshire Hathaway, is the former chairman and a current director.. Publishing business. Michelle Stephens has become Executive Vice President-Publications of Daily Journal Corporation. Who is gone. Who is host. That part is true enough: over the same period, only about 26% of DJCOs price movement is explained by the same factors that have moved Berkshires price. "CNSB", a division of the company, is a statewide newspaper representative specializing since 1934 in public notice advertising. The Daily Journal newspapers have won numerous awards for its journalism, with the Los Angeles Press Club in 2003 noting that the Los Angeles Daily Journal was "the most award-winning newspaper in Los Angeles with the sole exception of the Los Angeles Times."[5]. Daily Journal Corporation publishes newspapers and web sites covering California and Arizona, and produces several specialized information services. Create your Watchlist to save your favorite quotes on Nasdaq.com. Who is missed. Who has headwind. Please enable Strictly Necessary Cookies first so that we can save your preferences! SPS Commerce CEO Archie Black leaves post, Workiva CEO Marty Vanderploeg leaves post. [citation needed]. Who is groomed. The total sale was $2.8 million. Who is zero. (Disclosure: the author has a position in the Daily Journal Corporation a reliable sell indicator.). It . Charlie Munger, the 98-year-old investor who's a longtime business partner of Warren Buffett, is giving up his chairman title at the Daily Journal Corp. and donating $1 million of stock to . Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Who is victim. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Words such as expects, intends, anticipates, should, believes, will, plans, estimates, may, variations of such words and similar expressions are intended to identify such forward-looking statements. Charlie Munger Prefers Alibaba Stock to Treasury Bills. The Push-out Score determined by exechange gauges the pressure surrounding Jerry Salzmans move on a scale of 0 to 10. exechange reached out to Daily Journal and offered the company the opportunity to comment on the score. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Charles T. Munger purchased the paper in 1977 and through a series of acquisitions and organic growth built it into a group of newspapers and websites that provide information on the legal industry, real estate and general business. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise. Value investors know Warren Buffetts classic retort to efficient market theory, The SuperInvestors of Graham and Doddsville. It originally took the form of a speech he gave at Columbia business school on the 50th anniversary of the publication of Graham and Dodds Security Analysis. Ms. Rodriguez is the Vice President and Chief Operating Officer of Journal Technologies Inc., a subsidiary of the Company. Who is silent. Steven was part of a team that built a very successful technology company out of nothing, and he ran it for a long period of time, with tenacity, patience and a focus on customer service. The company now publishes 10 newspapers in California and Arizona. Whos number 1. She will also continue as the companys Secretary. Chere Estrin is the CEO of Estrin Legal Staffing and President & Co-Founding Member of the Organization of Legal Professionals (OLP), an online continuing legal education organization for . Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in documents we file with the Securities and Exchange Commission. Its impossible to imagine a more capable manager or better teacher, and the shareholders of the company owe Jerry a big debt of gratitude.. Jerry Salzmans move coincides with a management shake-up also involving the positions of Chief Financial Officer; CEO of Journal Technologies; President of Journal Technologies; Co-Chief Technology Officers of Journal Technologies; Executive Vice President-Publications of Daily Journal Corporation; Assistant Controller of the company; and Editor-in-Chief of the Daily Journal newspapers. Who is bad man. Daily Journal Corporation publishes several newspapers in California and Arizona with a specific focus on topics of interest to the legal and real estate professions. Daily Journal has 250 employees, of which 12 are in a leadership position. Filed on August 13, 2014 Who means well. And hes hungry to do more!, Jerry has spent more than half his life working at the Daily Journal, and hes 83 years old. Who signs. Chief Executive Officer and Chairman of the Board. It was too cheap, explains Munger. Daily Journal Corporation does important work for courts and the legal community, and I look forward to being part of helping chart our ongoing course to maximize the potential of our reputation, technology and capital.. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in documents we file with the Securities and Exchange Commission. Who bows out. Dream on. Joseph Jezerinac and Kaushik Mehta are now the Co-Chief Technology Officers of Journal Technologies. Charlie Munger will leave his role as chairman of Daily Journal, according to a regulatory filing Monday. As Chairman, I look forward to participating in the strategic growth of our businesses, and as Interim Chief Executive Officer, I intend to lead based on principles and integrity, while evaluating the best long-term possibilities for the company. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. He led the company during an incredibly challenging time for newspapers, while also building out a promising court software business in what is a terribly difficult but dynamic market. Who deserves it. Form 10-Q for the Quarter Ended December 31, 2013 . Who steps back. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. Buffett cited seven individual superinvestors (two others were multi-manager funds). Who mourns. Corporate counsel group CEO pens book on reaching goals. Who is sorted out. Who steps down. Who is a big wheel. It operates . If efficient market theory were correct in claiming that all available information is priced into stocks, leaving the market price as the best estimate of true value, Buffett wondered how value investors had managed to beat the market by such wide margins. Who contributes. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. I want for this gift to reflect the confidence I have in the existing team and Stevens new leadership, Mr. Munger said. advanced baseball stats, why do people joke about discover card,
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