Risks Related to Our Structure
Arcapita has substantial control over us, and could limit other shareholders ability to influence the outcome of matters requiring shareholder approval and may support corporate actions that conflict with other shareholders interests.
Our largest shareholder is an affiliate of Arcapita Bank B.S.C. (c), a global investment group founded in 1997 with offices in Atlanta, London and Bahrain. We refer to Arcapita Bank B.S.C. (c) and its affiliates collectively as either Arcapita or our majority shareholder in the Form 10-K.
Arcapita beneficially owns 11,672,245 shares, or approximately 58.9%, of the outstanding shares of our common stock as of January 3, 2010.
Arcapitas ownership of shares of our common stock could have the effect of delaying or preventing a change of control of us, could discourage a potential acquirer from obtaining control of us, even if the acquisition or merger would be in the best interest of our shareholders, or could otherwise affect our business because of our compliance with Shariah principles as described below.
This could have an adverse effect on the market price for shares of our common stock. Arcapita is also able to control the election of directors to our board. Two of the eight members of our board of directors are representatives of Arcapita.
Our compliance with Shariah principles may make it difficult for us to obtain financing and may limit the products we sell.
The next marxist regime will not be so stupid, should we be stupid enough to elect one.
I really liked Caribou Coffee, much better than Starbucks.
Then somel years ago I found this out........
Arcapita was Caribou Coffee’s majority shareholder. In 2002, Yusuf al-Qaradawi’s involvement with the bank led to a protest of Caribou Coffee. That same year al-Qaradawi stepped down as chairman of the bank’s Sharia board....
In 2011, Arcapita sold their shares of Caribou Coffee. As of September 30, 2011, no one entity owns more than 8% of Caribou’s outstanding shares....
Sounds like the Muslim connection has been broken .
I’ve had Caribou Coffee only once. It tasted like it had been through a caribou and I never went there again.
I'm pretty sure that I don't want to know.
BUMP for great freeping.
shariah ping...oldie but goodie
'Politburo' controlling U.S. policy WorldNetDaily ^ | July 14, 2009 | Aaron Klein Posted on 7/14/2009 4:00:31 PM by Tolerance Sucks Rocks
Sources say White House cadre bypassing agencies, jeopardizing security
JERUSALEM A small group of officials working mostly from the White House are tightly controlling U.S. foreign policy, bypassing other government agencies and making decisions without employing the expertise of those agencies, according to diplomatic sources speaking to WND. The sources said some of the decisions may be jeopardizing U.S. security.
A senior Middle East diplomatic source said Secretary of State Hillary Clinton recently apologized to a Mideast leader, explaining to him U.S. policy regarding his country is being dictated by the White House and not her agency.
The diplomatic sources all confirmed Clinton has been largely cut out from the decision-making process, as have U.S. National Security Adviser James Jones and other top figures. The diplomatic sources identified the White House group largely controlling foreign policy as consisting of President Obama; White House Chief of Staff Rahm Emanuel; top Obama adviser David Axelrod; and National Security Council Director Denis McDonough. Also involved are Mark Lippert, chief-of-staff of the National Security Council; U.N. Ambassador Susan Rice and Jim Messina, White House liaiason to Congress.
The White House did not immediately respond to WND's request for comment.
A senior U.S. official referred to the group as a "politburo," using the term for the executive committee of communist political parties.
The source said the so-called politburo is making decisions that bypass other agencies. (Excerpt) Read more at wnd.com ...
Hillary’s private email bump