Ronaldo the future but Juve need more to conquer Europe

first_imgA come-from-behind 2-1 win over Fiorentina was enough to give Juventus a 20-point lead on nearest rivals Napoli with five games to play.“The exit from the Champions League hurts, but this title says it all about what we managed to do — eighth in a row with five games to spare,” said Allegri.“Now let’s enjoy the party, then I’ll meet club management and we’ll talk and analyse what didn’t work this season.”The Italian club have overtaken French club Lyon for the record of consecutive victories in the top five European leagues.But again they have been unable to turn their domestic domination to Europe, winning their last Champions League title in 1996 and losing five finals since.The club spent 100 million euros ($117 million) on five-time Champions League winner Ronaldo last summer, hailing the 34-year-old record goal scorer as the missing piece in their jigsaw.But this season they won less than the previous campaign, lifting Serie A and the Italian SuperCup but ending their four-year Coppa Italia reign.Juventus have lost only two matches, against Genoa on March 17 and SPAL last weekend, when they could have won the title with a record six games to spare.The Juventus coach estimated that the title had been in the bag since February 2 when Paulo Dybala scored the only goal in a win over Bologna.“That success was crucial because it came at a delicate moment, caught between the challenge with Atletico Madrid and the direct clash of Naples,” said Allegri.The 51-year-old blamed “too many injuries and unforeseen events” and the players being unable to react to setbacks.In recent weeks the club has been hit by injuries to Dybala, defender Giorgio Chiellini, Sami Khedira, Mario Mandzukic, and Douglas Costa.– Evolution not revolution –The challenge next season for Allegri will be to find the right cast for Ronaldo.He scored six goals in the Champions League to bring his record tally to 126, including an incredible hat-trick against Atletico Madrid that lifted them into the quarter-finals, and is their leading scorer in Serie A with 19.Dybala, their top Serie A scorer last season with 22 goals, was overshadowed by Ronaldo scoring just five this campaign, with teenager Moise Kean bursting through during the Portuguese star’s injury absence.But while the forward line looks healthy the problems lie elsewhere.Can, Blaise Matuidi and Miralem Pjanic came up short often midfield, with the defence was at times leaky with goalkeeper Wojciech Szczesny saving them from a heavier defeat against Ajax.Defender Chiellini, 34, is at the end of his playing career with Andrea Barzagli, 37, retiring at the end of the season.Allegri, who took over in the 2014-2015 season, and has won 11 trophies, insists there won’t be a revolution.Juventus’ Portuguese forward Cristiano Ronaldo (C), his hair covered in foam, celebrates with (From L) Juan Cuadrado, Blaise Matuidi and Emre Can. © AFP / Marco Bertorello“There’s no point enacting a revolution,” said the Tuscan.“We have to improve the quality of our football and learn how to deal with unexpected events better, because those moments can change a tournament.“I might try a few players in different roles.“Paulo Dybala had a good season, especially up until January, because it was not easy to play along with Cristiano Ronaldo and Mario Mandzukic. Clearly, with Ronaldo by your side, you will play differently.”Arsenal’s Welsh midfielder Aaron Ramsey will arrive next summer while the club have also been targeting Ajax defender Matthijs De Ligt.Juventus’s final five matches will give Allegri plenty of room to experiment against Inter Milan, Torino, Roma, Atalanta and Sampdoria.0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Cristiano Ronaldo is the first player to win the Premier League, La Liga and Serie A. © AFP / Marco BertorelloMILAN, Italy, Apr 21 – Massimiliano Allegri insisted that Cristiano Ronaldo was the future of Juventus and the Portuguese superstar said he was “1,000 percent committed to staying” but despite sealing an eighth consecutive Serie A title the Turin giants need to find more if they want to conquer Europe next season.Allegri’s side claimed an eighth consecutive Scudetto — the 35th in their history — on Saturday to help ease some of the pain of their shock Champions League quarter-final exit at the Juventus Stadium to Ajax on Tuesday.last_img read more

With Kyler Murray in the NFL, A’s take another swing at a first-round draft pick

first_imgOAKLAND — The Athletics will select a player much of their fan base has never heard of Monday night when picking at No. 29 in the first round of the Major League Baseball Draft.In contrast to last season, when they selected Oklahoma outfielder Kyler Murray at No. 9, there’s a good chance that player will eventually end up in their farm system.The Athletics knew when they selected and signed Murray he was playing his last season of football at Oklahoma as the heir apparent to quarterback …last_img

Happy Birthday EarthCaching – EarthCaches Turn 8 Today

first_img“The Pinnacles” EarthCache in Malaysia (GC19A54)The world’s first EarthCache turns eight-years-old today.  Saying “Happy Birthday!” is as easy as logging an EarthCache. Chances are there’s one close to where you’re sitting right now. There are plenty of EarthCaches, think thousands and thousands, around the globe. But that wasn’t the case back in 2004.“Earthcache I – a simple geology tour of Wasp Head” (GCHFT2) triggered a seismic movement in geocaching. The first EarthCache was located in Australia. It was placed by geoaware on January 10, 2004. Since then more than 17,000 EarthCaches have been published, popping up on every continent on the planet.Each EarthCache must share specific characteristics before being published. There’s no physical cache. At every EarthCache, geocachers learn about the forces that sculpted the earth. EarthCaches showcase volcanoes, seismic fault lines, salt flats, bizarre rock structures and more. Each Earthcache reveals how scientists understand our planet.EarthCache at a green sand beach in Hawaii “Olivine” (GC1M15H)To log an EarthCache geocachers must demonstrate to the cache owner what they learned about a specific geological feature. Geocachers might measure a rock structure or record a tidal movement. At the EarthCache “Olivine” in Hawaii, geocachers must answer questions about the unique green grains of sand.EarthCaches are gaining in popularity as they grow older and more established in the geocaching world. Organizers are even hosting the first International EarthCache Event (GC33E6X) this year. It’ll take place in September near Portland, Maine, USA. More than 250 geocachers have already logged a “Will Attend.”You can learn more about EarthCaching by watching the video below.[vsw id=”f11fxuNsaE8″ source=”youtube” width=”425″ height=”344″ autoplay=”no”]Share with your Friends:More SharePrint RelatedInside Geocaching HQ Podcast Transcript (Episode 13): EarthCachesMay 10, 2018In “Community”Your Path to Platinum EarthCachingFebruary 11, 2015In “Community”The Creator of EarthCaching talks about the 10th AnniversaryJanuary 10, 2014In “Community”last_img read more

ReadWriteWeb Events Guide, 3 October 2009

first_img8 Best WordPress Hosting Solutions on the Market Register here.8 October 2009: San DiegoMobile Application Stores conferenceAs a partner seminar of Intenational CTIA WIRELESS I.T. and Entertainment, the Mobile Application Stores conference will focus on the tremendous opportunities in the mobile apps stores eco-system. The event is designed to give a complete understanding of how to capitalize on this exploding market.Participants will discuss strategy and deployment in application stores such as Apple (iPhone), Google (Android), RIM (Blackberry), Nokia (Ovi), Palm Pre, and Microsoft, as well as other emerging application stores. To learn more, visit www.mobileapplicationstores.com or write to events@nextvisionmedia.com.6 October 2009: Mountain View, CaliforniaJuice PitcherThe Juice Pitcher is shaping up to be the hottest new networking event in the Valley. The exclusive evening gathering on October 6 is being hosted by Vator.tv and TheFunded and will showcase 10 startups, chosen by their peers through votes on the Vator competition platform. Get your favorite companies to join the Juice Pitcher Competition, and don’t forget to vote! Voting is open to anyone, so you can make a difference. In addition, Aaron Patzer, CEO of Mint.com, will speak about how he built a $170 million company in just three years, and Munjal Shah, CEO of Like.com, will talk about best practices and steps to earning revenue.Click here to buy your tickets and see the agenda.22 October 2009: London, EnglandCloud Computing World ForumThe Cloud Computing World Forum is the perfect event for professionals to learn and discuss the future development and integration of cloud services. This one-day conference will provide a focused platform for the global cloud computing industry.The Cloud Computing World Forum is the place to meet all the key decision makers from all of the cloud service providers in one place. Show highlights include:Hear from leading case studies on how to integrate cloud computing into working practices,Learn from the key players offering services in the cloud,Benefit from pre-show online meeting planner,Evening networking reception. 23 October 2009: Durham, North CarolinaThe Social Media Business ForumThe Social Media Business Forum will feature national and local speakers from marketing companies, technology companies, and social networks discussing ways in which business communications have changed because of social media. Sessions will look at internal and external communications methods for both B2B and B2C companies and provide actionable takeaway items for attendees to immediately implement in their businesses. The forum targets business owners, executives, business communicators, key organizational stake holders, and anyone interested in gaining practical knowledge about social media.Early bird registration is $125 until September 18, and $250 thereafter.29 – 30 October 2009: San Francisco, CaliforniaVirtual Goods SummitThe virtual goods market has exploded as developers and publishers dive into this new opportunity. The third annual Virtual Goods Summit in October 2009 will bring together thought leaders in this space from Asia, Europe, and the US to talk about what’s changed and what’s working and the key challenges facing the industry. If you’re active in virtual goods — or thinking of jumping in — the Virtual Goods Summit is a must-attend event.New for 2009 is VGS University, a half-day seminar designed to provide a comprehensive overview of how to succeed with virtual goods. Hear from experts on topics such as why virtual goods are effective and the ins and outs of managing a virtual economy. Whether you’re new to virtual goods or seeking insights and lessons from the leaders, we encourage you to join us for the day and learn from some of our industry’s leading-edge thinkers.ReadWriteWeb readers save 15% off general admission by registering here using the discount code “READWRITEWEB.”4 – 5 November 2009: Raleigh, North CarolinaInternet Summit 2009Internet Summit ’09 will feature over 75 speakers, including representatives of major Internet brands such as Twitter, Pandora, Google, Salesforce.com, Digg, Technorati, CBS Interactive, Huffington Post, Blogger, Tree.com, and many more.Topics will include social media, blogging, real time, mobile, video, search, online advertising, e-commerce, analytics, the cloud, and more.Join over 1200 entrepreneurs, senior marketers, and executives in the conversation about the future of the industry and how to capitalize on the shifting dynamics of the Internet and tap into its unlimited business potential.9 – 10 November 2009: Santa Clara, CaliforniaSocial Networking World Forum — CaliforniaThis event taking place at the Santa Clara Convention Center actually consists of three conferences: two days dedicated to social networking, one day dedicated to enterprise social media, and one day dedicated to social TV. Key speakers include social networking publishers, advertising agencies, industry analysts, software developers and equipment manufacturers, pay-TV and network service providers, mobile operators, and more. Tags:#Events Guide#web Why Tech Companies Need Simpler Terms of Servic… Joint exhibition combining social networking and enterprise social media formatsPre-show online meeting planner for delegatesDiscount for early booking (expires September 25th)Free pass for exhibition only 11 – 12 November 2009: Denver, ColoradoDefrag 2009 ConferenceAs online data is growing and fragmenting at an exponential pace, individuals, groups and organizations are struggling to discover, assemble, organize, act on and gather feedback from that data. In the largest sense, we’re all looking to augment the pace at which we achieve insights on raw data — to accelerate the “A-ha” moment.Defrag explores the intersection of topics like:Business intelligenceBusiness process managementSocial computing and analyticsNext-level discoveryEnterprise 2.0Next-gen emailThe semantic Web Social Networking World ForumEnterprise social mediaSocial TV World ForumMobile Social Networking ForumThe event features key speakers from global brands, organizations, social networking publishers and developers, pioneering social media leaders, top agencies, content producers, and more.Full workshop program within exhibition areaEvening networking receptionPre-show online meeting planner for delegatesFree pass for exhibition only 19 November 2009: Mountain View, CaliforniaUnder the RadarFeaturing the most cutting-edge mobile startups from around the globe, Under the Radar will get you dialed in to what the 2010 mobile innovation marketplace will look like. It’s a must-attend event for dealmakers from global carriers, brands, media companies, and handset manufacturers responsible for helping their companies leverage new mobile technology and innovation in the fast-evolving digital landscape.Save $200: book by 2 October 2009, and get the early-bird rate.1 – 3 December 2009: London, EnglandOnline Information & IMS 2009Online Information and IMS together create the largest event dedicated to the information industry. Consisting of an exhibition delivering over 9,000 visitors from 70 countries, a conference and a show-floor seminar program, the event provides an annual meeting place for the global information industry.Online Information is once again set to play host to thousands of information professionals, information end-users and publishers from around the globe, meeting suppliers of online content, e-publishing, and library management solutions. IMS provides a forum for IT, business, and information management professionals to find unlimited, relevant advice, educational content and compare solutions under one roof. Attend IMS and meet suppliers of content management, search solutions, and Web 2.0 technologies.1 – 3 December 2009: Boston, MassachusettsGilbane Conference BostonJoin us at the sixth annual “Gilbane Conference Boston: Content, Collaboration and Customers.”Your content is your business, and you need to make your Web content part of an integrated platform forcustomers. You need to know solutions and technologies that are ready to be implemented today. Gilbane Conference Boston is built around the four major areas of how enterprises use Web and content technologies:Web business and engagement;Managing collaboration and social media: internal and external;Enterprise content: searching, integrating and publishing;Content infrastructure.Visit www.gilbaneboston.com for conference details. ReadWriteWeb readers, use the discount code “GILBANE” to save an additional $200. Register today!15 – 16 March 2010: London, England2nd Annual Social Networking World Forum — LondonThe 2nd Annual Social Networking World Forum takes place at the Olympia Conference Centre in London. The two-day event features four dedicated conference streams: Here is this week’s edition of the ReadWriteWeb events guide. You can download the event calendar in iCal format or import it into your Google Calendar. You can also import individual events using the link beside each entry. This events guide is a weekly feature here on ReadWriteWeb. We publish it every weekend, as good a time as any to review your conference plans.Know of an event taking place that should appear here? Let us know in the comments below or contact us.15 October 2009: Mountain View, CaliforniaThe ReadWrite Real-Time Web Summit Our month of special coverage on the real-time Web culminates with ReadWriteWeb’s very first event: the ReadWrite Real-Time Web Summit, a day-long event of conversations about the real-time Web, including its current state and its pressing challenges and greatest opportunities.Topics will include:The potential and pitfalls of real-time for social networking, media, financial services, humanitarian work and political advocacy.How will ubiquitous real-time information delivery change the web in the future? What will it make possible? How will it change user expectations?How can real-time information overload be dealt with, technically and culturally?How can small organizations use the real-time web to challenge market incumbents? How can market incumbents continue to thrive in a real-time environment? andrew lobo Related Posts A Web Developer’s New Best Friend is the AI Wai… Download this entire events calendar in iCal format. 10 – 13 November 2009: Las VegasPubCon VegasPubCon Las Vegas is a multi-track educational conference hosted by SearchEngineWorld & WebmasterWorld. PubCon events are for thought leaders and professionals in search engine and Internet marketing to gather and to share best practices in the design, development, promotion and marketing of their Internet businesses and brands. PubCon London 2009 is a social networking event. Top Reasons to Go With Managed WordPress Hostinglast_img read more

Activists allege police atrocities on tribal women

first_imgNearly three months after four women were raped and nine others faced sexual violence from police personnel during a raid in the Holibayda and Bhutiya villages of Madhya Pradesh, no arrests have yet been made. The incident finds mentioned in a recent fact-finding report submitted by the Madhya Pradesh Mahila Manch, (MPMM) an autonomous, non-funded network of women. According to the report published last week, the incident took place on January 25 when a contingent of more than 200 police personnel from 13 police stations from Dhar district raided the two villages of Bhil tribals. Titled “The police came to steal… the women in the way got raped”, the report says not only did the police rape and sexually assault the women, they also indulged in large scale looting and vandalism.“The villagers informed that many police motorcycles as well as a pick-up van came into the hamlets from different sides. There would have been more than 30 vehicles that landed into the area.” the report stated. Superintendent of Police of Dhar district Birendra Kumar Singh, however, told The Hindu that “no one was arrested during the raid.” ‘Men allowed to run away’Hinting that the actual reason behind the raid had nothing to do with law and order, the report pointed out that instead of arresting anyone, police allowed the men of the villages to run away. “Women who were found in ones or twos were sexually assaulted,” the report stated.According to the report not even pregnant and aged women were spared from sexual violence; even two minors were sexually assaulted. Police looted their savings and destroyed their furniture and ruined stocked food grains. “Rations and seeds that were found in sacks were looted. And what could not be taken if it was in big trunks or traditional containers was spoilt by throwing pesticide into it,” the report stated.Denying the allegations, Mr. Singh described the two villages as “villages of criminals.” He also said there are about 135 villagers are wanted in different cases and are currently absconding.last_img read more

U.P. Police cremate Jhansi youth as family refuses to receive body alleging fake encounter

first_imgThe killing of a youth in an alleged police encounter in Jhansi took a political turn after his family as well as the Samajwadi Party accused the BJP-ruled Uttar Pradesh police of murdering him.While SP president Akhilesh Yadav is scheduled to visit the house of the deceased person’s family on October 9, the youth Pushpendra Yadav was cremated by the police late on October 7 after his family refused to take his body till a murder case is lodged against the officer who shot him.Additional Superintendent of Police, Jhansi, Rahul Mithas said the body was cremated in the presence of a magistrate after the family refused to receive it till as late as 8 p.m. on October 7. “The body was decomposing,” Mr. Mithas said.The family members have been sitting in protest after Pushpendra Yadav was shot dead by police on the intervening night of October 5 and 6. They questioned the police version and termed the encounter a “cold-blooded murder”.According to the police, station house officer of Moth, Dharmendra Singh Chauhan, had on September 29 seized a truck belonging to Pushpendra in an alleged illegal mining case. On the night of October 5, Mr. Chauhan, who was returning to Jhansi from Kanpur in his private car after two days’ leave, received a call from Pushpendra regarding his seized truck. Mr. Chauhan then reached the Bamrauli intersection to meet Pushpendra, who then allegedly shot at the officer as soon as he rolled down his window pane.The bullet grazed Mr. Chauhan’s chin, said Jhansi SSP Om Prakash Singh, adding that the attackers drove away from the scene in his car but left behind their motorcycle for unknown reasons.Pushpendra and his two associates were later intercepted some distance away, police said. While he was shot and later pronounced dead, the other two escaped, the police added.The deceased’s brother, Ravindra Yadav, however, rejected the police version and called the encounter “fake”.“This is murder. They shot him on the spot. He didn’t even own a country-pistol or had any criminal case against him,” said Mr. Ravindra Yadav.Mr. Ravindra Yadav, who works with the Delhi Metro, said the police had initially included his name among the alleged attackers but on realising that their “story” would not hold up as he was on duty then, told him he would not be charged.Pushpendra Yadav’s wife alleged that the police were extorting money from him for his seized truck and that he had already paid them ₹1.5 lakh.While a magisterial probe has been ordered, the police have declined the family’s request to book the SHO for murder or have a separate FIR against him. “Their grievances and evidences will be included in the probe and if anyone is guilty, we will act against them,” said the SSP.SP Rajya Sabha MP Chandrapal Singh Yadav, who first raised the matter, demanded a CBI inquiry or a probe under a judge into what he termed a “fake encounter”.Mr. Chandrapal Singh Yadav said he had “solid information” that the police first committed the murder and then concocted the story of the shooting and stolen vehicle to cover it up. “This is a case of corruption. The police extorts money for illegal mining,” he said.Sidharth Nath Singh, U.P. government spokesperson and a Cabinet Minister, defended the “encounter” and said both sides fired at each other. He targeted Mr. Akhilesh Yadav for his scheduled visit to the house of the deceased saying it shows his affinity for “the mining mafia and casteism”. The Minister said, “To show sympathy for a mining mafia member who shoots at an inspector and then is killed in return fire, reflects Akhileshji’s thinking.”The Jhansi Police have released a list of crimes attributed to Pushpendra Yadav, mostly related to personal disputes. All five pertained to 2014 and 2015, and included charges such as abetment, enticing or taking away or detaining with criminal intent a married woman, criminal intimidation and voluntarily causing hurt.last_img read more

Confederations Cup: Germany reach semis as referee needs VAR double-take

first_imgGermany eased into the Confederations Cup semi-finals with a 3-1 win over Cameroon on Sunday as the VAR system was again thrust into the spotlight when the on-field official needed two reviews of an incident to reach the right verdict.Colombian referee Wilmar Roldan consulted the Video Assistant Referee (VAR) after a reckless high challenge by Ernest Mabouka on Germany’s Emre Can saw Sebastien Siani wrongly receive a yellow card in a case of mistaken identity. (Confederations Cup: Chile into semis after draw with profligate Australia)But even then Roldan did not come up with the right outcome as he simply switched the colour of midfielder Siani’s card from yellow to red.It was only after Cameroon’s players insisted he review the incident again that he realised his error, rescinded Siani’s sending off and instead flashed the red card to the correct culprit Mabouka.Germany deservedly topped Group B to set up a last four meeting with Mexico at the same venue on Thursday after the first international goals for Kerem Demirbay and Timo Werner, who got two. Vincent Aboubakar scored Cameroon’s consolation.The drama came on a landmark day for Joachim Loew, who was able to celebrate his 100th win as Germany’s head coach in his 150th game in charge.The best chance of a tight first-half fell to Germany’s Joshua Kimmich as he headed wide from six yards with the goal gaping.But three minutes into the second period, Germany hit the front as some wonderful build-up play was rewarded by a first international goal for Demirbay.advertisementA superb back-heel from captain Julian Draxler steered the ball into the path of the former Turkey junior international and he rifled a shot into the roof of the net from the edge of the box.After the lengthy stoppage involving the red card incident, Germany made their numerical advantage count almost immediately as Werner got his first national team goal with an excellent header from Kimmich’s fine cross to the back post.Cameroon were gifted a way back into the match when Marc-Andre ter Stegen let Aboubakar’s header burst through his gloves in what was a poor goal to concede for the Barcelona keeper.Any thoughts of a comeback from the 10 men, though, were quashed when Werner lashed home his second as Germany’s young side went on to seal a comfortable win.last_img read more

9 months agoArsenal captain Koscielny: We must stick together

first_imgAbout the authorPaul VegasShare the loveHave your say Arsenal captain Koscielny: We must stick togetherby Paul Vegas9 months agoSend to a friendShare the loveArsenal captain Laurent Koscielny called for unity after defeat at West Ham.Declan Rice proved West Ham’s matchwinner on the day.Koscielny said: “We came here to win because for us the three points was very important, and next week as well to play against Chelsea. We tried to play, we did well in the first half but didn’t have a lot of chances in the final third. We need to keep calmer in the final third and find the final ball, but in the second half we didn’t start well and conceded early. “After that we tried to push for the rest of the game, we had some chances and we didn’t score so it is difficult to come back with no points but we need two continue to fight to make the top four.”We are all together, it is not down to] one or two players, we are a group and we need to stay together and to push more for the next game.” last_img read more

Video: Colin Cowherd Says Alabama Is The “Wal-Mart Of College Football”

first_imgColin Cowherd discussing something on his show.YouTube/Colin CowherdColin Cowherd has moved on from his weekly trolling of Iowa to find a new target. This week, Cowherd is apparently taking a few shots at Alabama. The FOX Sports radio host isn’t a fan of how “bland” the program has been during the Nick Saban era.Cowherd called Alabama the “Wal-Mart of college football” when discussing the team’s lack of quarterback success at the next level. He also doesn’t think that Saban’s excessive use of Derrick Henry will benefit the running back in the future.Where @ColinCowherd perfectly compares Alabama to Walmart. #RollbackTide #HerdHere https://t.co/mwfBwTGISE— Herd w/Colin Cowherd (@TheHerd) December 15, 2015Obviously, it’s hard to argue with how much success Saban’s had in Tuscaloosa. We imagine that he doesn’t really care whether he’s winning with enough style points.last_img read more

CBS controlling shareholder fires back over board vote

first_imgDOVER, Del. – CBS Corp.’s controlling shareholder fired back Tuesday over a board attempt to dilute the shareholder’s stock voting power, the latest move in an escalating legal battle for control of the media company.In complaint filed in Delaware’s Chancery Court, National Amusements Inc. argues that a CBS board vote to approve a dividend that would drastically reduce NAI’s voting stake in CBS was invalid. NAI claims the vote violated CBS’s bylaws and corporate charter, and that CBS board members violated their fiduciary duties to stockholders. It also argues that the vote was based on recommendations of a special board committee that had exceeded its authority.“It is undisputed that the director defendants’ actions are unprecedented under Delaware law,” NAI attorneys wrote.The filing comes after CBS asked a Chancery Court judge last week to declare that the board vote was “effective and permissible.”“Today’s reactive complaint from NAI was not unexpected,” CBS said in a statement. “The amended complaint filed last week by CBS and its special committee details the ways in which NAI misused its power to the detriment of CBS shareholders, and was submitted after careful deliberation.”The legal dispute centres on a special dividend approved by the CBS board that would decrease NAI’s voting stake in CBS from roughly 80 per cent to about 20 per cent.The board vote came only after NAI, led by the daughter of billionaire media mogul Sumner Redstone, submitted documents to CBS decreeing that any dividend must be approved by a “supermajority” of its 14-member board, a threshold that was not met.CBS contends that NAI’s purported bylaw amendments are invalid and, under federal securities law, were not effective at the time of the board meeting.CBS, led by CEO and Chairman Les Moonves, is pushing back against pressure by National Amusements to merge with Viacom, which also is controlled by NAI. National Amusements argues that CBS’s actions are based on unsubstantiated claims that NAI was interfering with company management, and purported threats of a forced merger based on unsourced media reports and conjecture.“The only cogent, but manifestly improper, explanation for the director defendants’ unprecedented action is that Leslie “Les” Moonves, CBS’s long-time CEO, has tired of having to deal with a stockholder with voting control,” NAI attorneys wrote.“Mr. Moonves apparently gave the director defendants an ultimatum: Either you remove NAI’s voting control, or I resign,” they added. “This ultimatum came against the backdrop of a $180 million “golden parachute” in Mr. Moonves’s employment agreement that had been adopted without discussion or approval of the full board, with the intended purpose of entrenching Mr. Moonves in his position as CEO.”The CBS board vote came after the company unsuccessfully sought a restraining order in conjunction with a May 14 lawsuit alleging that NAI was breaching its fiduciary duties to CBS and other shareholders and trying to undermine the authority of its management and board of directors.CBS and Viacom were once part of the same company, known as Viacom, but were split in 2005 into separate entities, both controlled by Sumner Redstone. Shari Redstone has been pushing to reunite the companies under one corporate umbrella, but a CBS special board committee concluded that a merger would not be in the company’s best interest.In refusing to grant CBS a restraining order, Chancellor Andre Bouchard — who called the dividend proposal an “extraordinary measure” — noted that the company could still file a court challenge if NAI takes actions inconsistent with its fiduciary obligations to the company and to other shareholders.last_img read more