BNET Industries
Market Cap:$226.5M
Last Fiscal Year Sales:$29.1M
- Public
- US
Dow Jones Description
Investment Fund
President
Clifford M. NoreenContact 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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mci inc. and worldcom inc. - All News and Analysis
American International Group Inc.(Property/Casualty)(appointment of Anastasia D. Kelly)(Brief article)
AMERICAN INTERNATIONAL GROUP INC. has hired the former chief legal officer of MCI/WorldCom, ANASTASIA D. KELLY, as executive vice president, general counsel ... AMERICAN INTERNATIONAL GROUP INC. has hired the former chief legal officer of MCI/WorldCom, ANASTASIA D. KELLY, as executive vice president, general counsel...
Thanks, Mr. Hevesi.(a class action lawsuit between Alan G. Hevesi and MCI Inc.)(Editorial)
Pension funds, as they collect their WorldCom Inc. class-action claims, ought to remember who achieved the settlements. Alan G. Hevesi, New York state comptroller and sole trustee of the New York State Common Retirement Fund, in his relentless pursui Pension funds, as they collect their WorldCom...
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...
Pension funds: Verizon sub likely to oversee MCI's retirement plans.(Verizon Investment Management Corp)
Byline: Vince Calio and Christine Williamson NEW YORK - Verizon Investment Management Corp. likely will assume oversight of the $1.6 billion of pension and retirement plan assets of MCI Inc. after its parent company acquires the smaller telecommun Byline: Vince Calio and Christine...
Nassau County leases former MCI/WorldCom space on Charles Lindbergh
Bankruptcies tend to send ripples in the real estate world as companies that downsize leave empty space in their wake. Take WorldCom, whose retrenching left a gaping hole in the portfolio of Reckson Associates Realty Corp.
Directors skittish after settlement cash calls.(Are You Covered?)(MCI Inc.)
RECENT PROPOSED settlements of stockholder suits requiring directors to forego insurance protection and pay millions of their own money present both a challenge and opportunity for insurance carriers, industry experts contend. The views were offer RECENT PROPOSED settlements of stockholder suits requiring ...
Highwoods Properties to Receive Approximately $14.5 Million Settlement from MCI
RALEIGH, N.C. -- Highwoods Properties, Inc. (NYSE: HIW), the largest owner and operator of suburban office properties in the Southeast, today announced it has received $8.6 million in cash from MCI, Inc., formerly known as WorldCom, Inc., and will receive 344,000 shares of MCI common stock, currently worth approximately $5.9...
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...
Late News; WorldCom pension settlement reached.
MCI Inc. and 19 of its former executives have agreed to pay nearly $51 million to settle a class action lawsuit brought by workers who lost billions of dollars in retirement savings when a massive accounting scandal caused the telephone company forme MCI Inc. and 19...
MCI/WorldCom OK'ed to bid on gov't work.(News)
Byline: HEATHER FORSGREN WEAVER The General Services Administration said MCI/WorldCom can again start competing for government contracts. The company, which is emerging from bankruptcy after an accounting scandal, had been barred from go ...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Clifford M. Noreen | President |
| William J. Barrett | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Donald Glickman | Board of Directors |
| Marshall D Butler | Board of Directors |
| Martin T. Hart | Board of Directors |
| Robert E. Joyal | Board of Directors |
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 |
Chairman (since 1992), Donald Glickman and Company, Inc. (private investments); and Partner (since 1992), J.F. Lehman & Co. (private investments). Director (since 1984), Monro Muffler and Brake, Inc. (automobile repair service); and Lead Director (since 1998), MSC Software Corp. (simulation software).
| 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 |
|---|---|---|
| Infinity Venture Capital Fund | Chairman of the Board | Current |
| MassMutual Corporate Investors | Board of Directors | Current |
| Alpha Technologies | Board of Directors | Current |
| Kyocera Corporation | Director | 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 |
| 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 |
| Organization | Position | Status |
|---|---|---|
| Beacon Power Corporation | Current | |
| Private Equity | Director | Current |
| Scottish Re Limited | Board of Directors | Current |
| Corporate Governance | Board of Directors | Current |
| Alabama Aircraft Industries, Inc. | Director | Current |
| Jefferies Group, Inc. | Director | Current |
| MassMutual Corporate Investors | Board of Directors | Current |
| MassMutual Corporate Investors | Trustee | Current |
| MassMutual Corporate Investors | trustee | Former |
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 |
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