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by, Joseph Tanfani and Evan Halper, Los Angeles Times

“When it comes to money, they’re all on the same page,” said Bill Parish, an Oregon investment advisor who blogs about tax policy.

Read full story here:  Renaissance Technologies execs team up to conquer Wall Street

In 2010 the Supreme Court ruled in favor of Citizens United, opening the door for unlimited political contributions, essentially turning major political races over to billionaires.  Republicans and Democrats now openly agree this has had a major impact on the political process.

Billionaire Donald Trump himself has openly criticized this decision, calling it a disaster for Democracy.   During the campaign he has also called opponents, including Marco Rubio and Ted Cruz ,”puppets for their billionaire donors.”  Trump is self funding his campaign.

Parish & Company reviews candidates financial information for various news organizations and this post looks at the Donald J Trump foundation.  The purpose is not to criticize Mr. Trump but rather articulate key dynamics for these journalists.

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berniesanders

Today Bernie Sanders finally released a tax return, only one year, 2014.   The obvious questions is, why has it been so difficult for Senator Sanders to reveal his tax returns while his opponent Hillary Clinton has released several years of complete returns, opening her up to severe criticism over her income sources.  After only releasing two pages of his federal return with no schedule of itemized deductions, he then released 7 pages for the 2014 return.

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The following Friend of the Court Brief  was sent to Magistrate Judge Nathanael Cousins, United States District Court, Northern District of California regarding the Intel 401K Class Action.

 

January 15, 2016

 

TO: Judge Nathanael Cousins

San Jose Courthouse, Courtroom 7 – 4th Floor

280 South 1st Street

San Jose, CA 95113

 

FROM: Bill Parish, Parish & Company

10260 SW Greenburg Rd., Suite 400

Portland, Oregon 97223

 

SUBJECT: Friend of the Court Brief – Intel 401K Class Action, Why a Nuisance Case Resulting from a Plagiarized Analysis whose conclusions were misrepresented.

 

Dear Judge Cousins,

This is the third time in 20 years as a registered investment advisor I have submitted a friend of the court brief. The first was regarding the Microsoft Anti-trust case, which I supported and the second was regarding the Hewlett Packard/Compaq merger, which I opposed. This brief will explain how my work on Intel’s 401K was plagiarized and misused by plaintiff shopping attorneys. See page 28, point 113 of complaint, for reference to my blog post made in January 2014.

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As an independent investment advisor with a background that includes previously having been a CPA and Chief Financial officer with extensive audit, tax and operational experience, it is particularly easy for me to provide substantive comments on political candidates financial disclosures, including investments and tax returns.

This work has been featured in leading publications including the Wall Street Journal,  New York Times, Bloomberg, the Los Angeles Times and the Oregonian.   I strive to be completely independent and provide the same focus regardless of a candidates political affiliation.

Gaining access to these reports can appear confusing and the purpose of this post is to articulate how anyone has access these reports given most major news stories review them yet do not provide a link to the source information.

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by Gretchen Morgenson, The New York Times

Bill Parish, a registered investment adviser at Parish & Company in Portland, Ore., is a big fan of Intel and owns its shares for his clients. In an interview, he characterized Intel’s retirement plan as “great” but said it would be even better if it jettisoned the hedge funds.

Last year, in an email to Andy D. Bryant, Intel’s chairman, Mr. Parish expressed his concerns about those investments in the retirement plan. Mr. Bryant responded by saying he would forward the criticism to the appropriate Intel officials, according to the email.

“My perspective, regardless of whether it is prudent diversification, is it doesn’t make investment sense,” Mr. Parish said. “It would be better for Intel to eliminate hedge funds altogether because they don’t meet the standard with respect to financial disclosure. They’re too opaque.”

Read full story here:  Intel Lawsuit Questions Place of Hedge Funds in Retirement Plans

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Warren Buffett has announced his largest buyout in history, the $38 billion takeover of Portland, Oregon based Precision Castparts.  This is almost twice the size of the Heinz takeover, one of his largest prior takeovers.

Heinz and other Buffett enterprises, including Burlington Northern and Pacific Power, are having a strong negative impact on the Oregon economy.

This includes potato farmers in Eastern Oregon who had a win/win long term relationship with Heinz cancelled, and local communities battling to prevent oil and coal from being shipped by rail thru their communities without adequate safety guidelines.

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