The role of finance, and in particular that of the CFO, has rapidly evolved in the era of unprecedented levels of change and uncertainty
Business2 hours ago
Orlando - A trust affiliated with billionaire Bill Gates will pay a $30,000 fine over horse manure in a settlement expected to be approved on Thursday by a special magistrate in the affluent south Florida village of Wellington.
But the Microsoft Corp co-founder, ranked as the world’s richest person by Forbes magazine, will receive the village’s standard 80 percent discount on the fine, which at one point reached $147,000, said code compliance manager Steven Koch.
Gates bought a $9 million estate in 2013 in the name of Mallet Hill Trust in the equestrian community, which is home to the International Polo Club. The trust is affiliated with Gates, Koch said.
His property was cited beginning in January 2014 for placing an old manure bin too close to a canal, and for building a second bin without a permit to replace the old one, Koch said.
With as many as 12,000 horses in residence community-wide during the winter season, and 100,000 tons of manure produced a year, Koch said the community took proper disposal seriously to protect the nearby Everglades National Park and other waterways.
Koch said code violation notices were sent to the address of record, but apparently did not reach the appropriate contact at Gates’ trust. Fines began accruing at $250 a day in the summer of 2014, Koch said.
Koch, who was initially unaware of Gates’ affiliation, said the trust responded in late 2014 only after a reporter figured out who owned the property and the violation hit the news.
A representative for the trust did not immediately respond to a request for comment.
The magistrate’s approval of such settlements is routine, said Koch, who added that Gates was unlikely to appear at the hearing.
The role of finance, and in particular that of the CFO, has rapidly evolved in the era of unprecedented levels of change and uncertainty
Business2 hours ago
The standalone sequel to 2007's Bhool Bhulaiyaa also starring Kiara Advani and Tabu is slated to hit the UAE cinemas this Thursday
Entertainment2 hours ago
Once operational, the service will cover 11 cities and locations from Al Sila to Fujairah
Transport2 hours ago
Nadal said last week that he would take a doctor with him to Paris after a chronic foot injury flared up at the Italian Open
Tennis2 hours ago
The rupee was trading at 77.63/64 per dollar by 0805GMT compared with its close of 77.45 on Friday. The rupee touched a record low of 77.7975 during the session
Markets2 hours ago
The musical show will take place in June
Entertainment2 hours ago
Italian expertise on offer during the event will include companies specialising in valve and part manufacturing, information and communication technologies, lights and warning beacons and other aviation equipment, technologies and engineering solutions
Aviation2 hours ago
Al Mazrouei lauded the keen interest taken by the late Sheikh Khalifa bin Zayed Al Nahyan in developing the system in the UAE
Public Transport in UAE2 hours ago