Rick Scott is the latest politician to be swept up in End Citizens United’s mid-term election frenzy. The PAC has been hard at work, advocating for candidates, and targeting opposition in preparation of numerous congressional seats opening up. Rick Scott, who ECU claims violated elections laws by coordinating with corporate PACs, denied the accusations saying he is has done nothing wrong. End Citizens United has produced documentation and formally filed a complaint against the candidate with the Federal Elections Commission. It is one more move on their intricate chessboard in a game they have played since 2015.
Created in 2015 to thwart the Citizens United ruling made five years prior, End Citizens United is attempting have an amendment amended. The cause for this quest is the controversial Supreme Court decision in Citizens United vs. Federal Elections Commission. The 5-4 decisions included corporations as having the freedom of speech. Opposition to the decision believes that this harms elections by allowing Big Money to support their candidate without restraint. So the End Citizens United was born. Headquartered in Washington D.C., End Citizen United strives to elect legislators advocating for election reform into congressional and senatorial seats. If enough of these legislators get elected then they can being the tedious process to have the first amendment amended.
This way the definition can be shortened back to the individual and corporations will no longer have unfettered access. Many politicians do not see a problem with this, but then again many of them get support for corporate PACs. Politicians like Scott, and although receiving money does not spell corruption, the possibility that he may swing legislation the way of whatever corporation supports him is to great for the comfort of many. In addition to going after candidates like Scott, the ECU is also compiling a list of legislators advocating for mid-term seats who are for election reform. The goal is to keep their supporters informed so they can vote the right way, and possibly steal some seats from the opposition.
Fortress Investment Group: Leading pioneer in the investment sector. Fortress Investment Group LLC is a renowned international investment manager. As of the end of 2017, the total number of assets that were managed by the corporation was evaluated financially to be in the proximity of 43.6 million U.S. dollars. Its client base includes private investors as well as corporations or institutions. The assets handled include private equity, real estate management and capital investments. The corporation has a total of 953 employed personnel. The company is headquartered in New York City with various branches all over the world. The company was launched in the year 1998, and its sole purpose was handling private equity investments. Its governing body includes Peter L. Briger, Jr who is the Co-CEO and Principal and is based in San Francisco. Wesley R. Edens who is a founding member and a Co-CEO, he I based in New York. The last principle is Randal A. Nardone who is the Co-Founder and is also based in New York.
The company specialises entirely in investments of assets of all types. The expertise of the company’s assets includes: pricing of the assets, owning as well as financing and managing the assets. The said assets are both physical as well as financial assets. It has an expert team with specific specialisations towards their goal and a healthy relationship with globally known institutions and individuals. The company has a vast experience in acquiring a lower cost of investments with a small risk.SoftBank Group Corporation headquartered in Japan completed the acquisition of Fortress Investment Group LLC. The agreed buy out was a 3.3 billion U.S dollars which were paid for in cash. This meant that SoftBank had full ownership of all shares of the company. The announcement was made after every legal matter were completed and had full approval of the deal by the company’s shareholders. This also includes receipts of all adoptions. This merger was finalised in 2017 in December.
The outcome of this transaction implied that every Class A share of Fortress Investment Group was changed to a receivership of 8.08 US dollars. The merger of the two companies also outlined the process by which payments were to be made. The Proxy of the company entirely indicated this.The merger of Fortress Investment Group and SoftBank Group Corporation meant that the acquisition company would stop being publicly traded and hence would be delisted from the New York Stock Exchange. This also implies that the financial statements of Fortress were now reflected the financial statements of SoftBank.The merger also implies that Fortress Investment Group will run its operations as a privatised business for SoftBank with its headquarters still in New York. The governing board would still be running the company as they are an intricate part of the company’s success.Fortress Investment played a significant role in the construction of the CAD athlete’s village in Vancouver over the 2010 Winter Olympics. The company was the principal investor in the project in British Colombia. It also had an acquisition for Intrawest in the year 2006.