BNET Industries
Market Cap:$232.6M
Last Fiscal Year Sales:$29.1M
- Public
- US
Dow Jones Description
Investment Fund
Board of Directors
Robert E. JoyalContact Information
c/o Babson Capital Management LLC 1500 Main St Ste 600
Springfield, Massachusetts 01115
(413) 226-1516
Peer Companies
NAICS Code Floor Covering Stores: 442210
News & Analysis
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finance and mci inc. and worldcom inc. - All News and Analysis
Understanding WorldCom's accounting fraud: did groupthink play a role?
WorldCom, Inc. perpetrated the largest accounting fraud in U.S. history. WorldCom, now called MCI, emerged from bankruptcy protection on April 20, 2004 after being fined $750 million. In total, WorldCom reported accounting irregularities of $11 billion. While employees and investors look for individual culpability, much of WorldCom's organizational structure and...
Holding company seeking controlling MCI stake
WASHINGTON AFP ? Some three months after emerging from the largest bankruptcy in US history, telecom firm MCI said Monday that holding company Leucadia National indicated it wants to buy a controlling stake in the firm. MCI, the new name for the company previously known as WorldCom, said it...
WorldCom reforms trump Sarbanes-Oxley
* RICHARD BREEDEN, THE BANKruptcy court-appointed "corporate monitor" of MCI formerly WorldCom, filed a report with the federal bankruptcy judge handling the MCI case in late August 2003 identifying 78 reforms MCI has agreed to. But the recommendations go "well beyond WorldCom," writes Breeden, a former chairman of the Securities...
WoldCom Debarment Could Cost $1 Billion, Company Says
WorldCom/MCI on Monday said it could lose more than $1 billion in revenue from federal contracts if the General Services Administration's proposed debarment of the company isn't resolved in the next few months, according to a filing with the Securities and Exchange Commission. WorldCom/MCI submitted the filing yesterday as...
WCG files reorganization plan
TULSA AP -- Bankrupt Williams Communications Group's reorganization plan would incorporate its holding company in Nevada to save tens of thousands of dollars. The broadband wholesaler, which filed for Chapter 11 on April 22, filed the proposed reorganization in U.S. Bankruptcy Court in Manhattan. ...
Alert -- Rating change for Worldcom Mci Group Cm Stk, Mcdonalds Corp, Wal-Mart Stores Inc, Adc Telecommunications, Ford Motor Co.
M2 PRESSWIRE-1 May 2002-EquityOutlook.Com: Alert -- Rating change for Worldcom Mci Group Cm Stk, Mcdonalds Corp, Wal-Mart Stores Inc, Adc Telecommunications, Ford Motor Co C1994-2002 M2 COMMUNICATIONS LTD RDATE:05012002 NOTE TO EDITORS: The following is an investment opinion issued by EquityOutlook.Com...
For sale, a line of $1.2bn News prefs - 9pc off!
Feb 22, 2002 The Sydney Morning Herald ABIX via COMTEX -- US telco, Worldcom MCI, is looking to sell $A1.2bn worth of preference shares in media group, News Corporation. On 21 February 2002, brokers JP Morgan, Salomon Smith Barney, Goldman Sachs and Deutsche Bank,...
Thanksgiving tele-feast Will the feeding frenzy ever end? Probably not in the next three to five years
The end of November often means feast time in America. Yet a different kind of conspicuous consumption has been going on: Carriers have been gobbling each other up. What might the FCC be thinking about the table manners of these hungry companies? First on the plate is MCI/WorldCom's $119...
Management Shake-Ups Highlight Lack of Executive Job Security in America.
Knight Ridder/Tribune Business News Nov. 5--Executive job security has always been an oxymoron in America but never more so than now as boardrooms from Detroit to Wall Street report an unusually high level of top management turnover. At least a dozen high-profile...
MCI/WorldCom Merger Approved by DOJ - U.S. Department of Justice - Company Business and Marketing - Brief Article
The U.S. Department of Justice DOJ granted final approval of the MCI/WorldCom merger, pending sale of MCI's Internet businesses to Cable and Wireless Inc. (C and W, Vienna, Va., www.cableandwireless. com), a British telecommunications firm. The sale price of the Internet businesses was announced at $1.75 billion. Included in the...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| William J. Barrett | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Robert E. Joyal | Board of Directors |
| Martin T. Hart | Board of Directors |
| Donald Glickman | Board of Directors |
| Marshall D Butler | Board of Directors |
| Clifford M. Noreen | Chair of Board |
| Organization | Position | Status |
|---|---|---|
| Beacon Power Corporation | Current | |
| MassMutual Corporate Investors | Board of Directors | Current |
| MassMutual Participation Investors | Board of Directors | Current |
| Private Equity | Director | Current |
| Alabama Aircraft Industries, Inc. | Director | Current |
| Corporate Governance | Board of Directors | Current |
| Scottish Re Limited | Board of Directors | Current |
| Jefferies Group, Inc. | Director | Current |
| MassMutual Corporate Investors | Trustee | Current |
| MassMutual Corporate Investors | trustee | Former |
MARTIN T. HART has been a director of ValueClick since March 1999. Mr. Hart has been a private investor in the Denver area since 1969. He has owned and developed a number of companies into successful businesses, and has served on the board of directors for many public and private corporations. Presently, Mr. Hart is serving on the board of the following public companies: MassMutual Corporate Investors, an investment company; MassMutual Participation Investors, an investment company; Texas Roadhouse, a restaurant chain; and Spectranetics Corporation, a medical device company. He also continues to serve on the board of directors of several private companies. Mr. Hart graduated with a B.A. from Regis University and is a Certified Public Accountant.
| Organization | Position | Status |
|---|---|---|
| ValueClick, Inc. | Director | Current |
| Regis University | Past Chairman | Former |
| Private Lessons Channel | Board Member | Current |
| MassMutual Corporate Investors | Board of Directors | Current |
| Mediaplex | Director | Current |
| Texas Roadhouse, Inc. | Board of Directors | Current |
| The Spectranetics Corporation | Board Director | Current |
| Willie's Corner | Director | Current |
William J. Barrett , 69, Secretary of the Company since 2001, was a director of the Company from 1996 to 1997 and rejoined the Board of Directors in 2001. Mr. Barrett is President of Barrett-Gardner Associates, Inc., a private merchant banking firm; Director of MassMutual Corporate Investors and MassMutual Participation Investors, closed-end investment trusts; Director, Executive Vice President, Assistant Treasurer and Secretary of Supreme Industries, Inc., a specialized manufacturer of truck bodies and shuttle buses; Director of TGC Industries, Inc., a geophysical services company; and Chairman of the Board of Rumson-Fair Haven Bank and Trust Company, a New Jersey state independent, commercial bank and trust company.
| Organization | Position | Status |
|---|---|---|
| MassMutual Corporate Investors | Director | Current |
| Chase Packaging Corp | Secretary | Current |
| Tgc Industries, Inc. | Director | Current |
Donald Glickman, 75, was elected to the Board of Directors in July 1984. He is a private investor and has been a partner of J.F. Lehman & Company since June 1992. Mr. Glickman is a director of MSC Software Corporation, and a trustee of MassMutual Corporate Investors and MassMutual Participation Investors.
| Organization | Position | Status |
|---|---|---|
| MassMutual Corporate Investors | Board of Directors | Current |
| MassMutual Participation Investors | Board of Directors | Current |
| Monro Muffler Brake, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| MassMutual Corporate Investors | Board of Directors | Current |
| Alpha Technologies | Board of Directors | Current |
| Infinity Venture Capital Fund | Board of Directors | Current |
| Kyocera Corporation | Director | Former |
President (since 2008), Vice Chairman (2007-2008), Member of the Board of Managers (since 2006), Managing Director, Babson Capital; President (2005 - 1/2009), Vice President (1993- 2005) of the Trusts. Vice President (since 1996), HYP Management LLC (LLC Manager); Director (since 2005), MassMutual Corporate Value Limited (investment company); Director (since 2005), MassMutual Corporate Value Partners Limited (investment company); Senior Vice President (since 1996), MMHC Investment LLC (passive investor); Managing Director (since 2006), MassMutual Capital Partners LLC (investment company); Director (since 2008), Jefferies Finance LLC (a finance company); Member of Investment Committee (since 1999), Diocese of Springfield.
| Organization | Position | Status |
|---|---|---|
| MassMutual Corporate Investors | President | Current |
| MassMutual Corporate Investors | Chair of Board | Current |
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