Press release:

EMC Named 2012 Public Company of the Year by Massachusetts Technology Leadership Council

15th Annual Awards Event Celebrates the Depth and Breadth of the State’s Vibrant Technology Ecosystem

HOPKINTON, MASS , SEPTEMBER 17, 2012 - 

EMC Corporation (NYSE:EMC) announced today that it has been named 2012 Publicly Traded Company of the Year by the Massachusetts Technology Leadership Council (MassTLC), the region’s leading technology association and the premier network for tech executives, entrepreneurs, investors and policy leaders. Now in its 15th year, the annual Technology Leadership Awards program recognizes outstanding achievement across the Massachusetts vibrant technology community. 

The Company of the Year award was presented to EMC® last week during the 2012 MassTLC Awards gala in Boston. Jeff Nick, EMC’s Senior Vice President and Chief Technology Officer, accepted the award on the company’s behalf.

The EMC selection was made by an esteemed judging panel comprising executives, investors, analysts, media and thought leaders from across Massachusetts. The judging committee reviewed all of the top- performing public companies headquartered in the region, taking into account a number of financial factors including revenue growth, operating profits measured by EBITDA, and market capitalization.

See all the 2012 winners at www.masstlc.org

MassTLC QUOTE:

Tom Hopcroft, President and CEO of MassTLC

“We’re thrilled to award a company of EMC’s caliber with the 2012 Company of the Year for publicly-traded companies. EMC’s IT industry market leadership is widely recognized not only in Massachusetts but also around the world. EMC stands as a clear example of outstanding and sustained achievement by the individuals and organizations in Massachusetts that are defining the future of the technology sector.” 

EMC EXECUTIVE QUOTE:

Jeff Nick, Senior Vice President and Chief Technology Officer, EMC

“On behalf of EMC and the more than 55,000 EMC employees worldwide, I’m honored to accept this award and be recognized by MassTLC, our executive peers, investors, analysts and media across the Massachusetts IT community. The IT industry is in the midst of an unprecedented wave of transformation and growth, and EMC is fortunate to be a leader in this shift.  Nowhere does that play out more prominently than right here in Massachusetts, with its thriving culture and history of innovation and technology achievement.”

ABOUT THE MASS TECHNOLOGY LEADERSHIP COUNCIL, INC.

The Mass Technology Leadership Council (MassTLC) is the region’s leading technology association and the premier network for tech executives, entrepreneurs, investors and policy leaders.  MassTLC’s purpose is to accelerate innovation by connecting people from across the technology landscape, providing access to industry-leading content and ideas and offering a platform for visibility for member companies and their interests.

With a membership of 500 companies and growing, MassTLC is a vibrant tech community that serves its members in a myriad of ways including:

• Organizing and running active cluster communities including Big Data, Cloud, Mobile, Software Development, Energy, Healthcare, Robotics and Digital Games
• Hosting Boston’s most exciting annual tech event, the MassTLC Innovation unConference
• Shining the spotlight on leaders in tech with an Annual Awards Program
• Supporting workforce development where you need it most
• Connecting companies with policy leaders
• Celebrating the technologies and leaders of the region

For more information on MassTLC visit www.masstlc.org

ABOUT EMC

EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset – information – in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at www.EMC.com

How a Financial Products Agency Could Protect Investors

Agree or not, a couple of professers at the University of Chicago have put forth an interesting idea.  The following is an excerpt from an article in

The New York Times

Sunday, April 01, 2012

How a Financial Products Agency Could Protect Investors

By GRETCHEN MORGENSON

THE Food and Drug Administration vets new drugs before they reach the market. But imagine if there were a Wall Street version of the F.D.A. — an agency that examined new financial instruments and ensured that they were safe and benefited society, not just bankers.

How different our economy might look today, given the damage done by complex instruments during the financial crisis.

And yet, four years after the collapse of Bear Stearns, regulation of these products remains a battleground. As federal officials struggle to write rules required by the Dodd-Frank law, some in Congress are trying to circumvent them. Last week, for instance, the House Financial Services Committee approved a bill that would let big financial institutions with foreign subsidiaries conduct trades that evade rules intended to make the vast market in derivatives more transparent.

Which brings us back to the F.D.A. Against the discouraging backdrop in financial oversight, two professors at the University of Chicago have raised an intriguing idea. In a paper published in February, Eric A. Posner, a law professor, and E. Glen Weyl, an assistant professor in economics, argue that regulators should approach financial products the way the F.D.A. approaches new drugs.

The potential dangers of financial instruments, they argue, “seem at least as extreme as the dangers of medicines.”

They contend that new instruments should be approved by a “financial products agency” that would test them for social utility. Ideally, products deemed too costly to society over all — those that serve only to increase speculation, for example — would be rejected, the two professors say.

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