A new comments system at The New York Times will allow the community desk to moderate more reader comments than ever before.
NYS Entity Status
NYS Filing Date
JULY 02, 2014
NYS DOS ID#
NYS Entity Type
FOREIGN BUSINESS CORPORATION
2014 - OPEN SYSTEMS TECHNOLOGIES CORPORATION
AROUND THE WEB
- The Times Sharply Increases Articles Open for Comments, Using Google’s Technology
By BASSEY ETIM - Tuesday Jun 13, 2017
- Don’t be scared to open-source your startup’s technology
By Robert Kendal, Yulio Technologies - Sunday Jul 9, 2017
GUEST: To open source or not to open source? If you’re in the software business, this is a question you’re going to face at one point or another. The sooner you tackle it, the better. The open-source movement is no underground phenomenon; it’s a fully mature and highly effective method of building software systems. You’re likely […]
- Charles Bachman, creator of database management system, dies at 92
By Harrison Smith - Wednesday Jul 19, 2017
Charles W. Bachman, a software engineer whose creation of the first database management system helped popularize computers in the corporate world and earned him the highest honor in computer science, died July 13 at his home in Lexington, Mass.The devices had promised to reshape businesses around the world, making it possible to automate everything from accounting to inventory, but companies struggled to integrate different processes in one easy-to-use system.[...] because data was stored on magnetic tape, it had to be accessed sequentially — just as, when watching a movie on a VHS tape, there is no way to access the end of the film without fast-forwarding through the beginning and the middle.Mr. Bachman, a bow tie aficionado with a fondness for exotic plants, devised a kind of road map for the system that would allow programs to access a vast database and make changes within fractions of a second.The database management system is really an absolutely essential piece of software technology.Developed further by companies such as Oracle, a database management system allows businesses to link any number of data sets — connecting customers’ profiles with their recent purchases or those of similar customers.Given by the Association for Computing Machinery, an international computing society, the award is often described as the Nobel Prize of computer science.In his Turing Award lecture, Mr. Bachman described a revolutionary change occurring in the world of computers, “a shift from a computer-centered to [a] database-centered point of view,” comparable to astronomy’s Copernican shift from a sun-centered to an Earth-centered model of the universe.While serving in the Army for two years during World War II, firing antiaircraft guns at Japanese forces in the Pacific, he took time to collect orchids in New Guinea; years later, after developing IDS, he put the technology to the test in a personal research project on orchid genealogy.[...] he and his GE team devised the first database management system, he recalled, “we were using 1960 computers which filled a room and had less power and less data storage capacity than today’s smart telephone.”
- Shareholders re-elect Wells Fargo directors, some just barely
By Kathleen Pender - Thursday Apr 27, 2017
Wells Fargo shareholders re-elected all 15 of the company’s directors at the company’s annual meeting in Florida Tuesday, despite calls that some should be jettisoned for not acting sooner to prevent the fraudulent-account scandal that has engulfed the San Francisco bank since September.The individual directors received votes in favor ranging from 53 to 99 percent.A vote as low as 53 percent is highly unusual in the corporate world, where directors are routinely re-elected with percentages in the high 90s.In 2016, only 44 directors at the 3,000 U.S. companies in the Russell 3000 index failed to win a majority vote, according to the Council of Institutional Investors.Both are members of the board’s corporate responsibility committee, which oversees political, environmental and consumer lending risks, as well as customer service and complaints.Peña is a former U.S. secretary of the energy and transportation departments.The overall vote is “a significant show of opposition to board members,” said Greg Waters, a research director with Glass Lewis, a San Francisco firm that advises large shareholders how to vote in corporate elections.After the vote was announced, Sanger said that stockholders had sent the board “a message of clear dissatisfaction.”At one point during the three-hour meeting, Sanger called a recess so that a shareholder could be removed.The shareholder, Bruce Marks, CEO of the nonprofit Neighborhood Assistance Corporation of America, would not stop demanding to hear from each individual director about their knowledge of fraudulent account openings.Glass Lewis recommended voting against the four longest-serving members of the corporate responsibility committee.Institutional Shareholder Services, another proxy advisory firm, recommended voting against 12 directors for “failure to provide sufficient timely risk oversight.”“I am surprised that everybody received a majority vote,” said Jason Schloetzer, an associate business professor at Georgetown University.Schloetzer said receiving a low percentage of the vote could have “a negative spillover effect” for Wells Fargo directors serving on other corporate boards.The state’s two largest public pension funds — the California Public Employees’ Retirement System and the California State Teachers’ Retirement System — both voted against the company’s nine longest-tenured directors for oversight failures.Berkshire Hathaway, the bank’s largest shareholder with a roughly 10 percent stake, said it was voting in favor of the entire slate of directors.The board formed a committee to launch an in-depth investigation of the unauthorized account openings on Sept. 25.A report on the investigation issued April 10 found “mass terminations” of employees for sales practice violations dating back to “at least 2002.”Wells Fargo said last week it would increase the size of a preliminary class-action settlement to $142 million to cover claims arising from fraudulent accounts dating back to 2002.Based on preliminary results, here is the approximate percentage of shareholder votes cast in favor of each Wells Fargo director at Tuesday’s annual meeting.
- CalPERS, CalSTRS to vote against some Wells Fargo directors
By Kathleen Pender - Saturday Apr 22, 2017
The state’s two largest public pension systems each said Friday they are voting against nine of Wells Fargo’s 15 directors, all of whom are standing for re-election at the company’s annual meeting in Florida Tuesday.On Sept. 8, in a settlement with regulators, Wells disclosed that about 5,300 employees had been fired since 2011 for opening deposit and credit card accounts that customers probably did not know about or want, allegedly to meet aggressive sales goals.CalPERS and the California State Teachers’ Retirement System are voting against John Baker II, John Chen, Lloyd Dean, Donald James, Cynthia Milligan, Federico Peña, Stephen Sanger, Susan G. Swenson and Enrique Hernandez, Jr.A CalPERS spokesman said it was focusing its “no” votes on directors who had served from 2013 or earlier, because “that is the time frame the primary oversight failures had occurred.”On Wednesday, California Treasurer John Chiang, who is a board member of both retirement systems, issued a press release urging shareholders and to vote against all five directors on Wells Fargo’s corporate responsibility committee, which oversees the bank’s reputational risk and customer service and complaints.Two companies that advise large investors on how to vote in corporate elections have also recommended against some directors for failing to do more to stop the fraud.Last week, Berkshire Hathaway, Wells Fargo’s largest shareholder with a roughly 10 percent stake, said it and was voting its shares in favor of all 15 directors.
- Exponential Technologies Offer Early Use Case in Tax
By Beth Mueller, U.S. Tax Analytics Leader at Deloitte Tax - Friday Jul 7, 2017
As exponential technologies emerge benefits to end user departments also can grow exponentially, as in corporate tax groups.