Events
In 1933, Witt Stephens founded W.R. Stephens Investments to trade Arkansas Highway bonds, which at the time were selling for as low as pennies on the dollar.
upon graduation from the U.S. Naval Academy, Jackson T. "Jack" Stephens joined his brother and with a handshake
The two brothers quickly began a series of acquisitions that would become a catalyst for the firm's growth and future.
945, Stephens purchased Arkansas Oklahoma Gas Company in Fort Smith, Arkansas
1953, acquired what is now Stephens Production, an independent oil and gas exploration company
1954, they purchased a controlling interest in the Arkansas Louisiana Gas Company.[
1948, Stephens sold Sheridan Telephone Exchange to Allied Telephone Company, which later became Alltel Corporation, thus beginning a decades-long relationship that in part continues today
Witt left the firm to become president and chairman of Arkansas Louisiana Gas Company, while both retained their 50-50 share of Stephens Inc. Witt returned to Stephens in the early 1970s.
Jack began to grow Stephens by providing private equity to many young growing companies, much in the way of the British Merchant Bank investing model, predating by decades the private equity endeavors of Wall Street firms.
Several generations of companies and business leaders came to know Jack as not only a smart investment banker, but as a loyal and reliable friend as well.[6] Jack's influence grew well beyond Arkansas to the boardrooms of corporate America and to the halls of Washington D.C.; his opinions were constantly sought by investors, CEOs and politicians.[
n the late 1960s, anticipating the coming revolution in bank data processing, Jack Stephens deployed excess computing capacity at Union Life Insurance Company, which was owned by him and his family
** With $400,000 in start-up capital invested, he created Systematics, which would later become a leader in the bank data processing industry
** Systematics was eventually acquired by Alltel Corporation and became Alltel Information Services.
** AIS was later acquired by Fidelity National Information Systems.
** In 1970, Stephens Inc., along with White Weld & Co., raised $4.95 million in an IPO for a small Arkansas-based discount retailer, Wal-Mart Stores, Inc., owned by Sam Walton and his family
See information on Hillary being appointed to their board here.
As a Director, Clinton Moved Wal-Mart Board, but Only So Far
Even though they try to further their agenda and distract, point being she was connected to both the Stephen's family and Walmart as was the Stephen's family.
https://www.nytimes.com/2007/05/20/us/politics/20walmart.html
** Mary Jacoby is the daughter of Jon Jacoby, who introduced Walter Smiley to the Stephens family of Arkansas.
Smiley is the founder of Systematics which the Stephens family purchased an 80% stake.
** Hillary Rodham Clinton was the intellectual property lawyer for Systematics. Part of this "intellectual property" involved a banking transaction software system based on the PROMIS software.
** A federal bankruptcy court ruled in 1987 that the US Justice Department "stole" the PROMIS software from a small company called Inslaw Inc when the DOJ refused to pay Inslaw for the software program and forced Inslaw into bankruptcy.
** an acronym for Prosecutors' Management Information System, for use in law enforcement record keeping and case-monitoring activities.
** The US intelligence community took the PROMIS software and added a hidden "backdoor" for monitoring banking transactions and money laundering.
** Systematics was the firm that the National Security Agency (NSA) used to get the PROMIS software with the hidden backdoor into the hands of banks worldwide.
** The intellectual property that Hillary Clinton handled, and that Systematics marketed, was stolen from Inslaw.
See more on this story with Hillary's involvement in a recent steemit article that is fully sourced in the bottom in Sources.
People are Not Going to be happy here, but I'm Just Asking Questions!
Stay tuned to see Who was involved in The suit that resulted in several Justice Department internal reviews, two Congressional investigations.
Back to the Stephens family.
In 1971, Stephens Inc., together with First National Bank of Commerce, underwrote $113 million in tax-exempt bonds to help build the Louisiana Superdome. At that time, this was among the largest single tax-exempt bond issues in history and Wall Street had turned it down.
In 1983, the Stephens family invested in Worthen Banking Corporation, which was headquartered in Little Rock, Arkansas. In 1985, Worthen's capital was wiped out by the bankruptcy of Bevil, Bressler & Schulman. A rights offering led by Jack Stephens was implemented allowing shareholders to provide the funds necessary to revitalize the bank and keep it solvent. In 1994, Worthen was sold to Boatmen's Bancshares, and two years later, Boatmen's was sold to NationsBank, which in turn merged into Bank of America.
Acquisitions both hostile and aggressive.
In 1989, Stephens advised Tyson Foods in its acquisition of Holly Farms, resulting in a $1.5 billion hostile takeover.
1992, Stephens invested in Viking Range Corporation, providing the growth capital needed to seriously expand the company into a leading national brand.
1993, Stephens purchased Donrey Media, renaming it Stephens Media Group.
When sold in 2015, Stephens Media Group's properties include the Las Vegas Review-Journal and daily and weekly papers.
New Media Investment Group Inc. said Thursday that it would acquire "substantially all" assets of Las Vegas-based Stephens Media LLC in a cash deal worth $102.5 million.
The acquisition includes eight daily newspapers along with 65 weekly newspapers and niche publications and 50 websites in states including Arkansas.
New Media Investment Group Inc. said Thursday that it would acquire "substantially all" assets of Las Vegas-based Stephens Media LLC in a cash deal worth $102.5 million.
The acquisition includes eight daily newspapers along with 65 weekly newspapers and niche publications and 50 websites in states including Arkansas.
Radio Insight
Stephens Media will pay $10.725 million for Ingstads’ twelve stations and two translators in Kennewick/Richland/Pasco and Yakima WA.
Original Report 4/2: Stephens Media Group has agreed to purchase fourteen stations in the Kennewick/Richland/Pasco and Yakima markets from Ingstad Radio Washington for an undisclosed price.
The deal will bring the Tulsa based Stephens up to 41 stations nationally including their home market and Rochester and Watertown NY. Stephens began operating the stations via LMA on Sunday, April 1.
- Stephens Private Equity Group, known as Stephens Capital Partners, continued to find excellent opportunities in the 2000s as well. Three of their investments include the following:
In 2001, Stephens invested in Hotchkis & Wiley, a Los Angeles-based, value oriented, investment management firm. H&W currently has approximately $21 billion under management.
In 2007, Stephens invested in Sexing Technologies, a worldwide leader in Sexed Semen and Embryo production in the livestock industry. ST is well known around the globe as one of the top sources for assistance in locating and exporting quality semen, embryos, and live cattle from the United States.
In 2010, Stephens helped to create Halifax Media. Based in Daytona, FL., Halifax owns and operates 33 newspapers, primarily in the southeast.
*In February 2015, Stephens Media LLC was sold to New Media Investment Group of New York for $102.5 million in cash. The sale included eight daily newspapers and 65 weekly publications in seven states.
Now who was the Chair of the Federal Reserve? Alan Greenspan
**From an archived article in the NYT titled,
A powerful business empire with close links to the Clinton White House is under investigation by the Federal Reserve, an inquiry that has opened the fiercely private business group to unusual scrutiny.
By JEFF GERTHMAY 27, 1993
The civil inquiry into holdings of the Stephens family of Arkansas has already uncovered information that could prove embarrassing to the family's companies, a White House lawyer and government regulators.
A powerful business empire with close links to the Clinton White House is under investigation by the Federal Reserve, an inquiry that has opened the fiercely private business group to unusual scrutiny.
the matter is clearly politically sensitive and has attracted the attention of top officials at the Fed, including the chairman, Alan Greenspan. And in the coming weeks, they must decide how vigorously to pursue the inquiry. Family Control at Issue
The issue in question is the extent of the family's control and ownership of two banks, the First National Bank in Stuttgart, Ark., and the Worthen Banking Corporation, the state's largest bank company, and whether the relationships violate laws to limit concentrations of financial power.
Well, considering this. . .He was a director of the Council on Foreign Relations foreign policy organization between 1982 and 1988.
And the fact He Already KNEW about the likely bubble as seen here,
His dissertation is not available from the university since it was removed at Greenspan's request in 1987, when he became Chairman of the Federal Reserve Board. In April 2008, however, Barron's obtained a copy and notes that it includes "a discussion of soaring housing prices and their effect on consumer spending; it even anticipates a bursting housing bubble".
Wonder what's up with That?
Democratic president Bill Clinton reappointed Greenspan, and consulted him on economic matters. Greenspan lent support to Clinton's 1993 deficit reduction program.
Greenspan also played a key role in organizing the U.S. bailout of Mexico during the 1994–95 Mexican peso crisis.
In 2000, Greenspan raised interest rates several times; these actions were believed by many to have caused the bursting of the dot-com bubble.
In autumn 2001, as a decisive reaction to the September 11 attacks and various corporate scandals which undermined the economy, the Greenspan-led Federal Reserve initiated a series of interest cuts that brought down the Federal Funds rate to 1% in 2004. While presenting the Federal Reserve's Monetary Policy Report in July 2002, he said that "It is not that humans have become any more greedy than in generations past. It is that the avenues to express greed had grown so enormously," and suggested that financial markets need to be regulated.
Interesting who was on the inside of those attacks. I believe those military tribunals are still going on concerning 9/11.
Think
Bush
Cheney
Rumsfeld
Greenspan's critics, led by Steve Forbes, attributed the rapid rise in commodity prices and gold to Greenspan's loose monetary policy, which Forbes believed had caused excessive asset inflation and a weak dollar. By late 2004, the price of gold was higher than its 12-year moving average.
How many of You think this was none of their business?
Greenspan advised senior members of the George W. Bush administration to depose Saddam Hussein for the sake of the oil markets. He believed that even a moderate disruption to the flow of oil could translate into high oil prices
Check This out!
Greenspan opposed tariffs against People's Republic of China for its refusal to let the yuan rise, suggesting instead that any American workers displaced by Chinese trade could be compensated through unemployment insurance and retraining programs.
Wow!
In August 2007, Deutsche Bank announced that it would be retaining Greenspan as a senior advisor to its investment banking team and clients.
What are your thoughts on the connection to the Stephen's family, the Clintons and Greenspan? Please let me know in the comments below.
This may bear a closer look.
Found this in Spike the News,
"...Promis-managed data could be anything from financial records of banking institutions to compilations of various records used to track the movement of terrorists. That made the program a natural for Israel which, according to Hamilton and many other sources, was one of the first countries to acquire the bootlegged software from Meese and Company. As voluminously described by Inslaw attorney, the late Elliot Richardson, the Israeli Mossad under the direction of Rafi Eitan, allegedly modified the software yet again and sold it throughout the Middle East. It was Eitan, the legendary Mossad captor of Adolph Eichmann, according to Hamilton, who had masqueraded as an Israeli prosecutor to enter Inslaw's DC offices years earlier and obtain a first hand demonstration of what the Promis could do.
Not too many Arab nations would trust a friendly Mossad agent selling computer programs. So the Mossad provided their modified Promis to flamboyant British publishing magnate Robert Maxwell, a WWII Jewish resistance fighter who had assumed the Anglo name and British citizenship after the war. It was Maxwell, capable of travelling the world and with enormous marketing resources, who became the sales agent for Promis and then sold it to, among others, the Canadian government. Maxwell drowned mysteriously in late 1991, not long after investigative reporter Danny Casolaro was "suicided" in West Virginia..."
Just considering whether or not this is a poke in the eye.
the email has attached to it promiseinfo cleverexdotcom
And the contact is at Cleverex systems inc. in Reston, VA.
Guess who they are? Another non-profit monitoring data for the government including Headstart and social services.
More info on them in an upcoming article. Time to pay the bills.
Godspeed fine patriots. Let me know your thoughts and what you are seeing out there! WWG1WGA
Sources,
https://www.arkansasonline.com/news/2015/feb/20/stephens-media-to-sell-most-of-newspape/
http://www.encyclopediaofarkansas.net/encyclopedia/entry-detail.aspx?entryID=1773
https://www.forbes.com/profile/stephens-warren-witt-elizabeth/#65ba1a06f8e3
Hillary Clinton More than Meets the Eye, Patents, Intellectual Property, Planes a Crashing, Mysterious dying Oh My! Allegedly of course!