"Overlooked And Underpriced" (Personal Finance, Mar. 26, 2007)
"Overlooked and underpriced" (Personal Finance, Mar. 26) incorrectly stated that Royal Bank of Scotland perpetual preferred stock paid cumulative dividends. Its dividends are noncumulative, meaning the company could skip dividends on the stock without paying them back. Although most perpetual preferred stocks have cumulative dividends, this one is an exception.
"The Making Of A Sports Mogul" (Sports Biz, Apr. 2, 2007)
BusinessWeek misrepresented the comments of Wade Martin, president of the Dew Action Sports Tour, in "The making of a sports mogul" (Sports Biz, Apr. 2). Martin did not criticize Wasserman Media Group's planned entry into a crowded market for broadband distribution of extreme sports events and should have been quoted as saying: "I don't think it is in the best interests of the industry to have multiple sites." Martin said he expects the sites to consolidate.
"A Blueprint From India" (Global Business, Apr. 2, 2007)
"A Blueprint from India" (Global Business, Apr. 2) incorrectly spelled the name of a Cadforce employee in Kolkata. Her name is Aditi Sengupta.
Copyright 2007, by The McGraw-Hill Companies Inc. All rights reserved.
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