Charlie Munger: 2021 Daily Journal Annual Meeting Transcript. Daily Journal Corp. engages in the publication of newspapers and websites covering California and Arizona. Fundamental company data and analyst estimates provided by FactSet. Source: FactSet. Imagine that! Governance. Who regrets. Charlie Munger, the 98-year-old business partner of Warren Buffett at Berkshire Hathaway Inc , on Monday gave up his role as chairman of Daily Journal Corp, a newspaper publisher and provider of . Employer. Again. Who fights for money. dvelopper et amliorer nos produits et services. CEO Gerald L Salzman sold 1,200 shares of DJCO stock on 12/10/2020 at the average price of $280.85. WARREN, Ohio - Loans drive the engine of any financial institution and it was full steam ahead for 717 Credit Union in 2022. Who resigns. The Wall Street Journal is an American business-focused international daily newspaper based in New York City with international editions published in Chinese and Japanese. 915 EAST FIRST STREET, LOS ANGELES, CA 90012. 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. Who fits. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Who is over. Who pays back. Who presides. Who bows out. news@dailyjournal.com | The Daily Journal publishes the Los Angeles Daily Journal and San Francisco Daily Journal and community newspapers focusing on law or business and real estate in California and Arizona. . Who can say it? Create your Watchlist to save your favorite quotes on Nasdaq.com. Who is Who. DJCO has a market capitalization of $304 million. Contact 2? Who is bad man. . He founded and bootstrapped web-based geography software company Latitude Geographics at the age of twenty-three. All rights reserved. The oldest executive at Daily Journal Corporation is Charles Munger, 96, who is the Chairman of the Board. A director, President, CEO and CFO, said Mr. Munger. I want for this gift to reflect the confidence I have in the existing team and Stevens new leadership, Mr. Munger said. The Traditional Business segment publishes newspapers of general circulation. Possibly. Washington, D.C. 20549 . We are a source of information, inspiration and motivation for the world's most successful leaders, executives, investors and entrepreneurs. --Daily Journal Corporation is pleased to announce that Steven Myhill-Jones has been selected as the company' s new Chairman and Interim Chief Executive Officer effective today. Tu To, the companys long-time Controller, will become Chief Financial Officer, effective today. But the jury is out. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. (I.R.S. The Daily Journal Corp. also announced that Gerald Salzman stepped down as CEO, retiring after more than 44 years at the company. 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 is at rest. Who wants to go. Heres Why. The meeting was held on February 24, 2021. Mr. Salzman is retiring after more than 44 years of dedicated and multi-faceted service to the company. 915 East First Street Los Angeles California 90012 United States. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. His ability to wear so many hats was a crucial part of what helped our little company grow, evolve and expand. Mr. Myhill-Jones has also been an angel investor, and an advisor and mentor to technology businesses and entrepreneurs. The Daily Journal Corporation has been publicly traded since 1987 on the NASDAQ under DJCO. Who is sad. Who is sorry. Who lies. Mr. Salzman is retiring after more than 44 years of dedicated and multi-faceted service to the company. The Rest of the Portfolio. Charles Munger will relinquish the chairman title, but will continue serving as a director, and as such will continue to pay particular attention to matters with which he has been involved in the past, including the companys securities portfolio. CEO of Daily Journal Corp (30-Year Financial, Insider Trades) Gerald L Salzman (insider trades) sold 2,230 shares of DJCO on 11/10/2020 at an average price of $281 a share. At this rate, he'll likely (hopefully) reach the longevity of Irving Kahn. Hes exactly the kind of leader we need at Daily Journal and Journal Technologies to take our business into the future.. Who is right. Mr. Gerald L. Salzman has been President at Daily Journal Corporation since 1986 and serves as its Chief Executive Officer, Chief Financial Officer, Treasurer, Chief Accounting Officer, Assistant Secretary and Director. Today, Wells Fargo sells for $58 a share, and Daily Journal owns about $90 million worth. Who is thrilled. Joseph Jezerinac and Kaushik Mehta are now the Co-Chief Technology Officers of Journal Technologies. For reprint rights or to purchase a copy of your Daily Journal photo, email jeremy@reprintpros.com for prices or call 949-702-5390. . Who comes. Click here to check it out. Its impossible to imagine a more capable manager or better teacher, and the shareholders of the company owe Jerry a big debt of gratitude.. Type a symbol or company name. Who is up. This was the first time Berkshire had bought a quality company vs. a deep value company marking a pivotal shift in investment philosophy that opened a new superhighway for Berkshires growth. The price of the stock has increased by 0.08% since. Hes whip smart and full of energy, said Mr. Munger. 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. Copyright FactSet Research Systems Inc. All rights reserved. All rights reserved. Danny Hemnani has been promoted to CEO of Journal Technologies, and Maryjoe Rodriguez is now its President. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Daily Journal Corporation announced that On December 29, 2021, Gerald L. Salzman resigned from the Board of Directors of the Company. (Disclosure: the author has a position in the Daily Journal Corporation a reliable sell indicator.). Daily Journal Corporation. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. International stock quotes are delayed as per exchange requirements. Charles T. Munger, who is also vice chairman of Berkshire Hathaway, is the former chairman and a current director. Who leaves. Charles Munger will relinquish the chairman title, but will continue serving as a director, and as such will continue to pay particular attention to matters with which he has been involved in the past, including the companys securities portfolio. Who is family. Who reigns. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Daily Journal Corporation publishes newspapers and websites reporting California and Arizona news and produces several specialized information services. Who packs out. Who is replaced. Who is major. 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. CEO Gerald L Salzman sold 8,286 shares of DJCO stock on 12/22/2020 at the average price of $332. Certain statements contained in this press release are forward-looking statements that involve risks and uncertainties that may cause actual future events or results to differ materially from those described in the forward-looking statements. Daily Journal Corporation has 3 current employee profiles, including Chairman & Interim CEO Steven Myhill-Jones. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. The company was founded on December 31, 1969 and is headquartered in Los Angeles, CA. GuruFocus has detected 4 Warning Sign with UPWK. Who is shamed. Who goes ahead. 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. This website uses cookies so that we can provide you with the best user experience possible. We keep you up to date on the latest CEO changes. Charlie Munger. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Myhill-Jones . call 866-531-1492 or email subscribe@dailyjournal.com This is the property of the Daily Journal Corporation and fully protected by copyright. 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. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. 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 . The company is also pleased to announce several promotions of long-serving team members. Daily Journal Corporation announced that On December 29, 2021, Gerald L. Salzman resigned from the Board of Directors of the Company. Who kicks back. The most common ethnicity at Daily Journal is White (64%). Who is good. The total sale was $626,630. Who leaves late. Who quits. This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Hes whip smart and full of energy. This is the property of the Daily Journal Corporation and fully protected by copyright. Who is last. 2132295300. dailyjournal.com. Journal Technologies, Inc. is a wholly owned subsidiary and supplies case management software systems and related products to courts and other justice agencies. CEO of Daily Journal Corp (30-Year Financial, Insider Trades) Gerald L Salzman (insider trades) sold 1,800 shares of DJCO on 12/11/2020 at an average price of $300 a share. In addition, as part of creating additional long-term incentives for the management team while recognizing the dilution to shareholders that such incentives can cause, the companys Board of Directors has accepted Mr. Mungers gracious offer to gift to the company $1 million worth of his personal Daily Journal stock for the company to use as the basis for a new equity incentive plan. Michelle Stephens has become Executive Vice President-Publications of Daily Journal Corporation. Certain statements contained in this press release are forward-looking statements that involve risks and uncertainties that may cause actual future events or results to differ materially from those described in the forward-looking statements. 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. The CEO Magazine. CNSB places public notices and other forms of advertising with adjudicated newspapers of general circulation, most of which are not owned by The Daily Journal.[6]. 19 % Approve of CEO. Daily Journal has 250 employees, of which 12 are in a leadership position. To me, Munger sounded slightly more optimistic this year than last. 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. AIC President/CEO,RiskPro Insurance Services, Inc. P.O. Whos in. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Treasurer : Dated: July 3, 2014 . Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Munger will stay on the board and donate $1 million in Daily Journal stock . Daily Journal 1 Dearborn Square, Suite 200 Kankakee, IL 60901 Phone: 815-937-3322 Email: editors@daily-journal.com. Who steps down. The Daily Journal Corporation has been publicly traded since 1987 on the NASDAQ under DJCO. 0-14665. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Mr. Myhill-Jones will succeed Gerald Salzman as CEO. Who is there. 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 . Who recovers. The fact that Jerry Salzmans successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives. Type a symbol or company name. Who is well. Joseph Jezerinac and Kaushik Mehta are now the Co-Chief Technology Officers of Journal Technologies. Throughout the transcript below, I have included clickable links to my notes and articles . 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 . It is a generational change. Mr. Salzman is retiring after more than 44 years of dedicated and multi-faceted service to the company., Daily Journal further said: On March 22, 2022, after more than 44 years of dedicated service to Daily Journal Corporation (the Company), Gerald L. Salzman retired as the Companys Chief Executive Officer, President, Chief Financial Officer and Treasurer.. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Filed on August 13, 2014 CEO Gerald L Salzman sold 1,800 shares of DJCO stock on 12/11/2020 at the average price of $300. Whos out. Daily Journal Read this article for more details on the company and the interesting turn of events in recent years that involve a large portfolio of marketable securities. Complete Daily Journal Corp. stock information by Barron's. View real-time DJCO stock price and news, along with industry-best analysis. LOS ANGELES, March 28, 2022 (GLOBE NEWSWIRE) -- Daily Journal Corporation is pleased to announce that Steven Myhill-Jones has been selected as the companys new Chairman and Interim Chief Executive Officer effective today. Jun 3, 2022. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise. Daily Journal Corp publishes newspapers and web . Mr. Myhill-Jones is a Canada-based technology executive, entrepreneur and investor. Some people buy Daily Journal stock believing it to be a Munger hedge fund. For reprint rights or to purchase a copy of your Daily Journal photo, email jeremy@reprintpros.com for prices or call 949-702-5390. . In addition, as part of creating additional long-term incentives for the management team while recognizing the dilution to shareholders that such incentives can cause, the companys Board of Directors has accepted Mr. Mungers gracious offer to gift to the company $1 million worth of his personal Daily Journal stock for the company to use as the basis for a new equity incentive plan. It operates through the Traditional Business and Journal Technologies segments. 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. He remains the Company's Chief Executive Officer, President, Chief Financial Officer and Treasurer. 2023, Nasdaq, Inc. All Rights Reserved. Who is hostile. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Who sees red. The company also held corporate . On December 29, 2021, Maryjoe Rodriguez was appointed to the Board to fill the vacancy created with Mr. Salzman's resignation. Roseman Wagner Wealth Management is currently the largest shareholder, with 18% of shares outstanding. The average employee at Daily Journal makes $43,729 per year. 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 Corporation publishes newspapers and websites covering in California, Arizona, and Utah. 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. Who has a say. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. They spoke . He remains the Company's Chief Executive Officer, President, Chief Financial Officer and Treasurer. Hes exactly the kind of leader we need at Daily Journal and Journal Technologies to take our business into the future. Who chairs. Dream on. 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 . Mr. Salzman is also the President, Chief Executive Officer, Chief Financial Officer and Secretary of Journal Technologies. . Senator Ted Cruz (R-TX) said the media should be held accountable for having "echoed" Chinese Communist talking points about COVID-19 over the last two years. Its board is also stacked with two superinvestors: Charlie Munger and Rick Guerin. Fundamental company data and analyst estimates provided by FactSet. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to have been correct. Source: FactSet. Who steps up. Meanwhile, the second and third largest shareholders, hold 9.5% and 5.5%, of the shares . 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. 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 . Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Detailed company description & address for Daily Journal Corp.. Who is an enemy. Charles Munger will relinquish the chairman title, but will continue serving as a director, and as such will continue to pay particular attention to matters with which he has been involved in the past, including the companys securities portfolio. Who is sorted out. 95-4133299 (State or Other Jurisdiction (Commission File No.) Precise information regarding Jerry Salzmans future plans was not immediately available. Who earns it. More From GOBankingRates. Like it or not, the Daily Journal travels to the beat of a different drum. Change value during other periods is calculated as the difference between the last trade and the most recent settle. 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. The company is also a newspaper publisher with about a dozen papers serving markets . Who has the last word. LOS ANGELES, March 28, 2022 (GLOBE NEWSWIRE) -- Daily Journal Corporation is pleased to announce that Steven Myhill-Jones has been selected as the . Daily Journal Corporation | 1469 seguidores en LinkedIn. [2][3][4], The original newspaper, The Daily Court Journal (Los Angeles), began publication in 1888. Who is welcomed. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to have been correct. Buffett cited seven individual superinvestors (two others were multi-manager funds). Who is invested. SPS Commerce CEO Archie Black leaves post, Workiva CEO Marty Vanderploeg leaves post. Hes exactly the kind of leader we need at Daily Journal and Journal Technologies to take our business into the future. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. The courts in the United States and around the world carry out incredibly important work that is crucial to civilization. And he did it all. Copyright FactSet Research Systems Inc. All rights reserved. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. 11% of Daily Journal employees are Black or African American. Who steps back. Steven Myhill-Jones will succeed Salzman as CEO. It's Not Time to Buy. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Change value during other periods is calculated as the difference between the last trade and the most recent settle. 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. Who keeps going. Who accepts. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Daily Journal Corporation publishes newspapers and web sites covering California and Arizona, and produces several specialized information services. Who bows. Who distributes. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. See the company profile for Daily Journal Corporation (DJCO) including business summary, industry/sector information, number of employees, business summary, corporate governance, key executives and their compensation. Who is vested. Who is at C-level. Nous, Yahoo, faisons partie de la famille de marques Yahoo. It's crazy. Who is in quest. 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. Who loses. Box . He acted as the Companys Chief Executive Officer, Chief Financial Officer, Treasurer and Assistant Secretary. 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). listens before the Daily Journal Corp. shareholder meeting in Los Angeles, California, U.S., on Thursday, Feb. 14 . Never mind! She will also continue as the companys Secretary. The courts in the United States and around the world carry out incredibly important work that is crucial to civilization.
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