2012 Olympic Stadium Wrap

[bertyboy]

Originally Posted by Knitemplar

Not going to make money? The Dow stock just shot up! How can that NOT be making anything but money??

A rise in stock price doesn't make money for Dow, it makes money for the market traders who currently hold its stock.

[Knitemplar]

Originally Posted by bertyboy

A rise in stock price doesn't make money for Dow, it makes money for the market traders who currently hold its stock.

Uhmmm...it makes money for the stockholders as well.

[Core Rising]

But the stockholders are not Dow, they are other companies and individuals.

[JimB]

Originally Posted by Core Rising

But the stockholders are not Dow, they are other companies and individuals.

Getting into deep philosophical waters here!

What constitutes a public company?

Is it the people who work for the company?

The product it makes or the service it provides?

The property, plant or machinery?

The goodwill?

Or the people who own it?

It's surely perfectly fair to argue that a strong share price is good for a company.

Certainly, a weak share price can be catastrophic.

[Core Rising]

You appear to be confusing stockholders with stakeholders.

[JimB]

Originally Posted by Core Rising

You appear to be confusing stockholders with stakeholders.

Not at all.

You claimed that the stockholders in Dow "are not Dow".

I merely pointed out that there are many elements that constitute a company and that the owners, or stockholders, of that company are very much one of those elements.

[Core Rising]

Ok, seems we have our wires crossed. I was just pointing out that when the share price goes up, it is not Dow who make money off of this as they do not own the company. The owners of the company are will make money, but they will not reinvest that into the company, thus Dow does not make money. Dow effectively is everything on its balance sheet.

[Knitemplar]

Originally Posted by Core Rising

Ok, seems we have our wires crossed. I was just pointing out that when the share price goes up, it is not Dow who make money off of this as they do not own the company. The owners of the company are will make money, but they will not reinvest that into the company, thus Dow does not make money. Dow effectively is everything on its balance sheet.

U're splitting hairs and muddling up this whole thing.

[jerseyboi]

Protests See Olympic Stadium Sponsor Logo Axed

Dow Chemical has agreed to remove its branding from the £7m wrap around the Olympic Stadium in east London after protests in India.

The move has been welcomed by the Indian Olympic Association, which had threatened to pull out of the 2012 Games over the issue.

However, campaigners in India say Dow, which took over the firm behind the Bhopal disaster, has not gone far enough.

They say Dow should never have been allowed to sponsor the wrap as it will damage the London Olympics' green image.

Thousands of people were killed when toxic gases leaked from Union Carbide's chemical plan in Bhopal in 1984, in the world's worst industrial accident.

In 1989 the US firm paid the Indian government $470m (£310m) in full settlement of its liabilities.

But many families said the compensation deal was inadequate and are pressing Dow, which bought Union Carbide in 1994 - 10 years after the disaster - for additional payments.

Dow, which is one of 11 worldwide Olympic partners, says it has agreed to for its logo to be taken off the wrap in the run-up to next summer's Games following talks with the organisers.

"The agreement between Dow and London 2012 was limited to branding of five 'test panels' that were to be removed in the months before the Games and were not part of the final design," said a spokesman for Dow.

"In mid-summer, London 2012 and Dow discussed Dow deferring the rights to these five panels to allow free and full execution of the design as determined by London 2012.

"Dow agreed to this to support London 2012 and their vision for the stadium wrap."

But groups including the Bhopal Medical Appeal say Dow should go further and withdraw its sponsorship altogether.

"This is the first real chink we have seen in Dow Chemical's armour," said a Bhopal Medical Appeal spokesman.

"It's a clear admission that they have started to understand the harm that a company with their appalling track record, including the unresolved situation in Bhopal, will do to the image of the sustainable London Games."

That sentiment is shared by the Indian Olympic Association (IOA) which has called on the country's government to act.

"It is unethical and unacceptable under the Olympic Charter that such a tainted company is associated with the Olympic Games," said the IOA acting president Vijay Kumar Malhotra.

A spokesman for London 2012 said Dow was appointed as a Games partner by the International Olympic Committee in July 2010 and was chosen to sponsor the wrap earlier this year "following a full procurement process".

http://web.orange.co.uk/article/news...nsor_logo_axed

[stevenson1994]

Hopefully the wrap will start to take shape soon; on recent webcam images it looks like something is developing.

http://www.pcimag.com/articles/dow-t...ondon-olympics (infers that the finish date will be in spring)

[Lonedwarf]

http://insidelondon2012.blogspot.com...in-shadow.html

[RMB2007]

Yeah, those test panels have been there for bloomin' ages now.

[RMB2007]

[pagey17]

I am expecting wrap progress in next two weeks.

[Metroguy78]

awesome advert by VISA

[ferge]

Let us hope that is what we get as the finished result, because on a beautiful summer's night, that'll look quite a spectacle

[jerseyboi]

Lets hope its wrapped up soon!

[jerseyboi]

Its slowly getting towards 100 days count down mark - surely the wrap should be in place for this land mark countdown point?

[DarJoLe]

Sounds good to me.

[jerseyboi]

International media really turn the attention to the host city and stadium at 100 day mark....