[Wikimedia-l] Wikimedia Foundation Report, February 2013

[ENWP Pine]

Sorry, I'm resending this to fix the subject line.

Pine


--




Garfield,

Sounds good. Thanks for following up. 

Pine


> Date: Mon, 18 Mar 2013 13:45:18 -0700
> From: Garfield Byrd <gbyrd at wikimedia.org>
> To: Wikimedia Mailing List <wikimedia-l at lists.wikimedia.org>
> Subject: Re: [Wikimedia-l] Wikimedia Foundation Report, February 2013
> Message-ID:
> 	<CAH6pfJEPSWWbRTMoavHXdKzMaSQqh-Q2KZcNsaVTAYwaP9CsZQ at mail.gmail.com>
> Content-Type: text/plain; charset=ISO-8859-1
> 
> Pine:
> 
> Our relationship with JP Morgan Chase is that they handle part of our
> international banking.  This is a separate division of the bank from the
> one that had the trading losses.  I agree with you that this type of news
> report is not good news.  I have reviewed the information I have available,
> and have determined that the money JP Morgan Chase is holding for the
> Wikimedia Foundation is not at risk.
> 
> When we did a review of banks that can handle our international
> banking, unfortunately  all of the banks we looked at were involved in some
> sort scandal, from risky trades to LIBOR manipulation.  This is not an
> ideal situation for a community based movement and I am continuing to look
> at options for all or some parts of our international banking needs.
> 
> Regards,
> 
> Garfield
> 
> 
> 
> 
> On Fri, Mar 15, 2013 at 9:55 PM, ENWP Pine <deyntestiss at hotmail.com> wrote:
> 
> > I'm curious, what is the nature of WMF's relationship with JP Morgan
> > Chase? Given the stories that I'm reading in the news such as this one,
> > http://dealbook.nytimes.com/2013/03/15/jpmorgan-executives-face-withering-questions-at-senate-hearing/?hpw,
> > I'm uncomfortable with the idea that WMF has a business relationship with
> > JP Morgan.
> >
> > Pine
> >
> >
> > _______________________________________________
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> > Wikimedia-l at lists.wikimedia.org
> > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l
> >
> 
> 
> 
> -- 
> Garfield Byrd
> Chief of Finance and Administration
> Wikimedia Foundation
> 415.839.6885 ext 6787
> 415.882.0495 (fax)
> www.wikimediafoundation.org
> 
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> 
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> 
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> 
> End of Wikimedia-l Digest, Vol 108, Issue 63
> ********************************************