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Thursday, February 26, 2009

McCarver Awarded $100K in Morgan Keegan Claim

Oh, baby, I lost it!

Memphis native and sports broadcaster Tim McCarver has been awarded $100,000 in compensatory damages as a result of the arbitration claim he filed over losses from Morgan Keegan & Co. mutual fund investments.

The award was much smaller than the more than $1.6 million he sought, but McCarver’s lawyer told The Daily News his client was satisfied with the award.

“Morgan Keegan was found liable. I am delighted. Justice was served,” is the statement McCarver asked his lawyer, Dale Ledbetter, to share.

...“His extremely busy schedule, at first as a player and then as a broadcaster, made it virtually impossible for him to have any other outside business interests,” McCarver’s claim reads. “All investments in McCarver’s accounts were selected by Morgan Keegan. The firm knew that McCarver was a totally unsophisticated investor and that McCarver placed trust and confidence in Morgan Keegan to select specific investments in McCarver’s accounts.”

Repoz Posted: February 26, 2009 at 12:01 PM | 3 comment(s) Login to Bookmark
  Tags: announcers, business, media

Reader Comments and Retorts

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   1. Craig Calcaterra Posted: February 26, 2009 at 02:39 PM (#3086883)
"You see, the arbitrators took my arbitration complaint, and then they arbitrated it. In that process, known as arbitration, they came to the conlusion that I was due an award. And then, as arbitrators are required to make a ruling following the proceedings -- again, known as arbitration -- they made that ruling, in the amount of $100,000. So I will be receiving $100,000 in the form of an arbitration award."

Thanks Tim. And while we were discussing that, Bobby Grich came out of reitrement, turned an unassisted triple play, and then left the stadium on the back of a winged stallion of some kind. We'll try to get a reply for you right after these messages.
   2. The elusive Robert Denby Posted: February 26, 2009 at 05:35 PM (#3087027)
"In my view, as good as the Yankees were in the first half of this game, that's how as bad they've been now."
   3. Ron Johnson Posted: February 26, 2009 at 06:12 PM (#3087058)
Nice effort Craig. However the classic to my mind is James Weisberg's McCarver perl module.

Quoting from an old RSB post:

I wrote the script with tweaking in mind. If one feels McCarver has actually mastered the art of silence, he/she can set a non-zero timeout parameter. Note, however, that Perl's alarm() function is simply a pass-thru to the library facilities. That is, the granularity is measured in seconds. The author remains unconvinced that McCarver can regularly stay silent for whole numbered seconds. However, he will make plans to modify the code to use the select() system call if there is sufficient interest in finer time slices.

#!/usr/bin/perl

use JoeMorgan;

until ( defined &havewestartedyet;)
&banteraboutnothing;

}

sub sig_alrm {
$SIG{ALRM} = \&sig;_alrm;
&shutup;
}

$SIG{ALRM} = \&sig;_alrm;

$BSTIMEOUT=300; # Do not BS on any one thing longer than 5 minutes.
$SILENCE=2; # At most two seconds of silence.
$REPEAT=3; # Number of times to repeat same useless garbage.

for ( $now = time; ; ) {
next if ( (time - $now) < $SILENCE );
alarm(0); alarm($BSTIMEOUT);
if ( defined (($date, $names, $event, $stats) = &meaningless;_tidbit) ) {
&bullshit;($date, $names, $event, $stats);
} else {
$analysis = &situation;($menonbase, $score, $play, $teamA, $teamB);
if ( not defined $analysis ) {
&makeupshit;();
} else {
for ( $retries = 0; $retries < $REPEAT; $retries++ ) {
&repeat;($analysis);
}
}
}

last if ( defined &arewedoneyet;);
$now = time;

}

The analysis module still needs to be written along with some error checking (well, actually, you can probably forget about that in Joe's case). Note that the Morgan module is only slightly more complex than the McCarver module, which only calls the makeupshit() function repeatedly with a different $BSTIMEOUT parameter and a $SILENCE = 0.

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