The weekly newsletter for everyone interested in barter--the world's most versatile business tool!
April 23, 2002
AllBusiness.com Shutting Down
AllBusiness is vacating their Townsend Street offices in San Francisco at the end of April. The barter division (BigVine) was shuttered last fall, and most of the remaining staff at AllBusiness was let go in January. In March rights to distribute their e-mail newsletters were purchased by American City Business Journals. Reportedly, three people have been maintaining the web site.
with BigVine.com, the first of the VC-backed barter dot-com companies,
in November 2000. Investors in the combined company included Kleiner
Perkins, American Express, and buy-out firm Kohlberg, Kravis, Roberts
Corporate Fraud Is A Cultural Phenomenon
According to University of California, Irvine, Professor Henry Pontell, one of the world's leading white-collar-crime experts, corporate fraud-the non-war story of the moment--is a cultural phenomenon. And it's more costly and more reflective of ordinary American life than bank robbery, drug use, or almost any other crime that doesn't involve a gun or a terrorist.
Pontell says that American culture is such that the accumulation and pursuit of wealth is a primary goal, and it's not so big a jump to say that it's part of our lifestyle.
And, Pontell points out, corporate America best step up to the plate and be part of the solution. If we continue to ignore it, or see it as someone else's problem, the nation will keep paying a heavy price.
A similar story
by John Ellis in Fast Company, May issue, page 116, titled "Wall
Street's Den of Thieves," is about the whole culture of dishonesty
on what we call Wall Street. Ellis says a gigantic crisis of confidence
is approaching unless Wall Street, the SEC, and the political community
get their act together...which he isn't betting on.
San Antonio C & V Bureau Using Alamo Barter To Attract More Business
Victor Castano Jr.,
CEO of Alamo Barter, has been awarded a $360,000 contract to manage
the San Antonio Convention and Vistors Bureau barter account for tourism.
Castano will be trading local hotel rooms for print and radio spots
in cities around the country that fit San Antonio's target demographics.
Where Are They Now. . .
Greg Pavlov, previous partner of Barter Business Network in Reno with Chris Haddawy (highlighted last week), will soon be back in the barter business. After he left BarterTrust he hooked up with a technology company in Las Vegas, waiting for his non-compete clause to run its course.
Now he's moving
forward in the establishment of United Trade Network, a new trade exchange
in Las Vegas. Pavlov says he'll be opening in mid-May, and looks forward
to putting his knowledge and energies to work in an industry he loves.
Here And There. . .
We welcome your comments, questions, and observations.
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