“Companies are finding the young people they need to attract are living in the city and are not interested in a car commute. We have a list of firms that fit that profile.”
— Deputy Philadelphia Mayor Alan Greenberger, on Exton-based software firm Bentley Systems Inc.’s decision to open a Center City office for 50 employees.
“When a bank is dealing with this sort of a challenge, you want someone of his caliber to shepherd it through.”
— longtime JPMorgan Chase shareholder Michael Holland, on the credibility of CEO Jamie Dimon, even after the bank disclosed a trading mistake that cost at least
$2 billion.
“This should never have happened. I can’t justify it. Unfortunately, these mistakes are self-inflicted.”
— Dimon, who later won a nonbinding shareholder endorsement of his pay package from last year, which totaled $23 million.
“This deal fits into a pattern we’ve seen, where bargain hunters can get assets and collect cash from the producing wells and try and wait it out until prices increase again.”
— Will Brackett, managing editor of the Powell Shale Digest, said of the buying opportunity for Atlas Energy L.P. in its $184 million acquisition of natural gas leases in Texas.
“In towns and cities where there is a strong sense of community, there is no more important institution than the local paper. The many locales served by the newspapers we are acquiring fall firmly in this mold and we are delighted they have found a permanent home with Berkshire Hathaway.”
— Warren E. Buffett, after his company bought 63 newspapers for $142 million from publisher Media General.
Compiled from The Inquirer, Associated Press and New York Times News Service.
