Definition of goodwill impairment charge

Artio Global Investors' CEO Discusses Q4 2012 Results - Earnings Call Transcript  February 19, 2013 – 11:36 am
"Impairment charge" is a new

Artio Global Investors, Inc. (ART)

Q4 2012 Earnings Call

February 14, 2013, 8:00 a.m. ET

Executives

Peter Sands – Head of Investor Relations

Tony Williams – CEO

Frank Harte – CFO

Rudolph-Riad Younces – Head of International Equity

Rachael Braverman – VP, Counsel

Matthew Chodos – VP Artio Global

Analysts

Adam Beatty – Bank of America/Merrill Lynch

Michael Kim – Sandler O’Neill

Bill [Inaudible] – Citigroup

Presentation

Operator

Operator

Good morning and welcome to the Artio Global Investors fourth quarter and year-end 2012 earnings call. (Operator Instructions)

Our host for this call will be Tony Williams, Chief Executive Officer, Frank Harte, Chief Financial Officer, and Peter Sands, Head of Investor Relations. Now I'll turn the call over to Mr. Sands.

Peter Sands

Good morning everyone and thank you for joining us for today's conference call to review our fourth quarter and full-year results. Tony will review the business including performance

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We read constantly about the paucity of qualified workers, don't we? I write today to question the definition of 'qualified' as well as the accuracy of the journalism behind these reports. I have worked in the computer industry for over 15 years. My slate includes significant contributions on products and services widely used today. My employers and clients include the big names in high technolo... the world, and - that which characterizes excellent leaders - vision. You who might be reading this and have the power to make hiring decisions - you may not think of yourself as a visionary or perhaps you do think of yourself as a visionary. I ask you to think again and consider how your actions measure up in the light I have just offered here regarding this topic of discrimination. Thank you.

No, You're not getting Marx or classical econ

Amaxen:
Look. Be clear that Marxism isn't the common ideology of most people.
topey: Not relevant to your statement that silver can’t be capital. You made a very broad and sweeping statement that silver is simply in no way capital: “I'd say that if you think silver = 'capital', you need to re-read some economics.”
Now you are backing away from that and saying ‘non-Marxist” econ...the capital goods.
topey: This is silly. You’re saying that if the technologies of the industrial revolution were not already in existence in their end form, a giant infusion of wealth could in no way facilitate research, trade, or production related to the industrial revolution. You’re clenching your anus so tightly around what you think your views are that you’re missing the big picture.

Sigh.

Look. Be clear that Marxism isn't the common ideology of most people.
read this definition of what capital actually is:
You can buy capital goods with financial capital only if such capital goods already exist. If they don't exist, or your society is already at the maximum production frontier, injecting more financial capital will have no effect on the capital goods.
When marx was talking about capital, he mean primarily those goods that are the means of production as opposed to financial capital. So, a hammer, a saw, a bessemer converter, are the type of capital he was talking about.

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