Page 24
Call Sign October 2011
JPM TAKES A `HIT'!
Dial-a-Cab client JPMorgan Chase has
agreed with Vince McMahon's WWE
organisation to allow them a $200million
credit agreement, even though the
But this is from World Wrestling Entertainment!
American wrestling organisation has yet
to use any of the funds.
Although WWE television program-
ming - Raw and Smackdown - have
storylines showing Vince McMahon as
having been sacked as Chairman with
his son-in-law Paul (Triple H)
v
Levesque taking over, in the real world
Mr McMahon is still Chairman and CEO
of the business. In fact his earnings for
past 12 months were $1.1million, with
his personal worth estimated at over
$1billion.
A WWE spokesperson said this was
a favourable climate for potential
loans of the JPM type, even though
they do not have specific plans for
using the money. WWE will have to
pay substantial commitment fees
each quarter on the unutilised por-
tion of the loan.
As it's wrestling, it could be a bout between JPM's Jamie Dimon and WWE boss
Some of the money could well be
Vince McMahon!
used for bringing Dwayne "The Rock"
Johnson from Hollywood movies back
York's Park Avenue where Chairman,
Goldman's
into the WWE wrestling ring - where he
President and CEO James (Jamie)
Dimon hangs out. However, with some
made his name - for the WWE Survivor
Series and also the main event against
240,000
employees,
even
World
Heavyweight Champion Mark Henry -
John Cena at Wrestlemania. Movie
prof its
stars don't come cheap and even with
billed by WWE as the `world's strongest
man' after he won that title in 2002 - may
the predetermined nature of WWE's
have a job even getting a small bodyslam
business, insuring The Rock against
down to
injury is going to cost a small fortune.
onto Jamie! And perhaps a future
However, WWE are rich enough to
Wrestlemania could see Vince McMahon
probably just use the JPM loan as an
face up to Jamie Dimon with `WWE v The
£745
Loan' being the stipulation and the winner
emergency fund.
takes all! After all, this IS wrestling and
But as is the nature of WWE business,
JPM should watch out in case the
they can always give it back afterwards!!!
million
wrestling organisation send some of their
Baghwat Singh
`bad' guys out to its' head office in New
Call Sign online
Dial-a-Cab Credit Union
Joint Dial-a-Cab and ComCab account
client, Goldman Sachs, have announced
a fall in pre-tax profits between January
and June for their London operations of
Ever needed money quickly but were anxious about variable
17%. The six month period showed a
bank interest rates?
profit drop down to $1.21billion
(£745million). This is the third year in a
Well wonder no more! If you are a subscriber, journeyman or mem-
row that Goldman's European operations
ber of staff at Dial-a-Cab, then you qualify to join the Dial-a-Cab
have seen a drop in their profits. The
Credit Union. Any member of your family residing at your address
Wall Street bank blamed significantly
lower revenues from commodity trading
also qualifies for membership!
and clients in fixed income currency.
Then if you are over 18, have been a member of the Credit Union for
Actual revenues fell by 31% from
over 3 months and have established regular savings, you can borrow up
$4.4billion 12 months ago down to
to 3 times your total savings...
$3billion over the six month period this
year.
The cost?
Goldman Sachs International, the
London-based European division based in
Just 1% per month on the outstanding balance (or APR of 12.68%).
the City has some 5,000 staff in the UK.
Loans can be paid back early AND there is usually an annual dividend on
The company warned that the Eurozone
your savings.
crisis in addition to inflation worries,
have added to problems already caused
The question is: Can you afford NOT to be in it...?
by the Japanese tsunami and general
Call us on 020 7729 8171 or 020 7749 0585
uncertainty with world economies.
