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The [Friday] Papers

"Citadel is trimming its investment division following the firm's losses in the early part of 2016," CNBC reports.

Citadel, of course, is the Chicago hedge fund run by Bruce Rauner and Rahm Emanuel patron Ken Griffin, the dude who's complained that the "ultrawealthy" have "insufficient influence" over the political system.

"CNBC has confirmed that Citadel has cut more than a dozen employees from Surveyor Capital, one of the firm's divisions, as The Wall Street Journal first reported.

"A person familiar with the situation confirmed to CNBC that Citadel's flagship Kensington Wellington fund has fallen 6.5 percent year-to-date as of Feb. 12."

The Kensington Wellington fund. I think at the club they just call it the Ken Welly.

Anyway, here's the haw-haw:

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I already stepped on my retweet in the set-up, but just for the record:

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A Super-Sized McRaise
"McDonald's Corp. said Chief Executive Stephen Easterbrook's base pay will increase 18% starting in March, while his annual target incentive for the year also promises a bigger reward if the fast-food's giant's operating earnings improve for 2016," MarketWatch reports.

"According to a regulatory filing, McDonald's compensation committee approved increasing Mr. Easterbrook's salary to $1.3 million starting in March. His annual target incentive was set at 175% of his salary, or nearly $3 million, but only if the company's operating earnings grow."

And what do workers get if operating earnings grow? The satisfaction of knowing that Stephen Easterbrook met his target incentive.

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Chris Rock as recounted by the Telegraph on Thursday:

"I used to work at McDonald's making minimum wage. You know what that means when someone pays you minimum wage? You know what your boss was trying to say? Hey, if I could pay you less, I would, but it's against the law."

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Nutty Preacher To Investigate CPS
"The Illinois State Board of Education launched an investigation of Chicago Public Schools' finances Thursday, two weeks after Gov. Bruce Rauner ordered a review of the district's books as part of his call for a state takeover," the Tribune reports.

"The state has asked CPS to turn over a large amount of financial information by the first week of March, including details on the district's cash flow and major contracts. The request was made in a letter sent Thursday to CPS CEO Forrest Claypool and Chicago school board President Frank Clark by ISBE Superintendent Tony Smith and Chairman James Meeks."

Ha, good luck. As reporters around here know, getting information out of CPS is harder than getting a turnaround agenda through the General Assembly.

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By the way, I still can't believe how unremarked upon it is that the the chairman of the state board of education is a homophobic, anti-Semitic religious nut.

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Better Than Never
"Other cities release video recordings of police shootings much more quickly than Chicago will under a new policy announced by Emanuel," Thomas Corfman writes for Crain's in its morning politics e-mail newsletter.

"Seattle, for example, released dashboard-camera video last month of a shooting the day after it happened, while Cincinnati released a cellphone recording yesterday within 17 hours of an incident, the Associated Press reports.

"One of the lawyers who helped write Chicago's new procedure defends it. Sergio Acosta, a former federal prosecutor, says the new policy tells the public the days of withholding the evidence indefinitely are over. If the Emanuel administration's goal is only to do better than never, then he's right."

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When I started Beachwood 10 years ago, nobody was doing daily bite-sized commentaries on the news. Now everyone is. Just sayin'.

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Secord Still Sucks
"Could this be where it all started?" Kent Youngblood writes for the Minneapolis StarTribune.

Before Dino Ciccarelli played for the Minnesota North Stars and Al Secord played for the Chicago Blackhawks? Before fans at Met Center came to love to hate Secord, and before Hawks fans at old Chicago Stadium put nooses around the necks of blowup Dino dinosaur dolls?

Ciccarelli and Secord were in junior hockey in Ontario. This story comes from former North Stars player, coach and executive Lou Nanne:

One night Ciccarelli, playing for London, scored a game-winning goal against Hamilton. The next morning the newspaper ran a picture of Ciccarelli scoring, with Secord right behind him. Ciccarelli went to the paper and got a copy of the picture.

"He gets an 8x10 glossy," Nanne said. "He writes, 'Isn't that the guy you're supposed to be guarding?' and sends it to Secord."

Saturday, outside at TCF Bank Stadium, there will be an alumni game between Minnesota and the Blackhawks. And while there will be a few former members of Wild on the ice, it will basically be a North Stars-Blackhawks deal. And for anyone who watched those teams go at it through the years - particularly from the early 1980s through the 1991 playoffs, it will be an opportunity to reminisce about probably the best rivalry in Minnesota pro sports history.

I grew up in Minnesota on that rivalry, and Dino Ciccarelli was one of my all-time favorite players. I worked for the North Stars in the PR department - maintaining the archival scrapbook, assisting in the press box, assisting out-of-town television crews - in the '80s while I was in high school and into my early years in college. A few of us once flew to Chicago for a North Stars-Blackhawks game at the Stadium, and Lou Nanne let us ride the team bus back to the hotel.

Good times, people! I'm sure Blackhawks fans will enjoy the article too, so click through.

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Shane Stokowski Was Killed Trying To Protect Others
"Others watched as the highly intoxicated man left a bar in Chicago's West Town neighborhood, got into his girlfriend's SUV and smashed into parked cars as he attempted to drive off one Saturday afternoon in March 2014," Steve Schmadeke reports for the Tribune.

But Shane Stokowski was different, family, friends and prosecutors say. Worried that the man would kill someone, the outgoing 33-year-old, just seven months away from his wedding, went to persuade the driver to find another way home.

"C'mon man, don't do it," an eyewitness reported that Stokowski pleaded with the driver, Timothy McShane, whose license was suspended after a history of drunken-driving arrests. Stokowski's tone was so genial that the witness thought he was joking.

For a few seconds, Stokowski managed to run alongside the car, according to the witness, who said his hands were atop the driver's side door panel. But he fell when McShane hit the gas and sped off, suffering massive head injuries consistent with a tire running over his head, according to prosecutors and testimony as McShane's trial on reckless homicide and aggravated DUI charges got underway this week.

This is a heartbreaking story, but this part in particular really multiplied my anger:

McShane's friend Sean Dailey, a former Chicago police officer, had helped McShane drink that afternoon, lifting a glass of Captain Morgan and Coke to his mouth after McShane apparently was too intoxicated to hold it himself, according to trial testimony as well as video from the Aberdeen Tap played in court.

A Cook County judge had banned Dailey from drinking as part of his probation sentence for making a fake 911 call to get out of an off-duty DUI arrest while he was still a cop.

That makes him an accessory in my book.

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"Bartender Michael McDonough testified that Dailey left the bar in a hurry after Stokowski's body was found lying near a pothole on Aberdeen Street, 150 feet north of where McShane had parked his car."

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Dailey has a quite a history. From August 2014:

"A former Chicago police officer convicted of making a fake 911 report while off-duty to get out of a DUI stop could face prison time after prosecutors allege he violated his probation by drinking at a West Town bar."

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Here's the original report on the fake 911 call:

"An off-duty Chicago police officer was charged with felony disorderly conduct for allegedly calling 911 and reporting a phony bar brawl to get out of a DUI traffic stop in Niles.

"Officer Sean Dailey, 34, was freed on $10,000 bond Wednesday and faces up to 3 years in prison if convicted."

From the end of that article:

"Court records show Dailey was ticketed last September in a separate drunken driving case that also occurred in Niles. He pleaded guilty and received court supervision and a $1,400 fine."

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Daily's conviction in the fake 911 call case was upheld on appeal last March.

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Interesting part from that decision (emphases mine):

"At trial, Niles police officer Brian Zagorski testified that he was parked in a parking lot in Niles at 2 a.m. on November 5, 2010. A black Chevy Tahoe sped past Zagorski, driving 66 miles per hour in a posted 35 mile per hour zone. Zagorski pulled out of the lot and began to pursue the vehicle, activating his police lights.

"The Tahoe pulled into a parking lot and stopped. Stopping behind the vehicle, Zagorski exited his car and approached the other vehicle. He asked the driver of the vehicle, defendant, for his license and registration.

"Defendant informed Zagorski that he was a Chicago police officer. His speech was slurred and Zagorski smelled a strong odor of alcohol coming from the vehicle. He ran defendant's license and verified that he was a police officer. He then offered defendant a 'professional courtesy,' allowing him to park the vehicle and find an alternate ride home without receiving any citation."

Worse:

"Defendant refused Zagorski's offer to drive him home and the officer's offer to call for a cab."

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I haven't found any evidence that Zagorski was disciplined for extending a favor to Dailey because he was a cop.

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From the Tribune in 2013:

"We're on the same team," Dailey was alleged to have told Niles Police Officer Brian Zagorski after he was pulled over.

Zagorski smelled alcohol on Dailey's breath but agreed to let him go without a ticket after learning he was a Chicago cop.

And then:

"The Niles officer, however, wouldn't allow Dailey to drive himself home, telling him he could call a friend or a cab or that Zagorski himself would drive him home. Dailey responded by saying that Zagorski was treating him like 'a racial slur for African-Americans.'"

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Dailey, a tactical officer, was taken off duty without pay once he was charged; he resigned from the department in November 2013, after 13 years on the force.

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More from Dailey's past. From August 2012:

When Chicago police broke into his Austin home with guns drawn and a search warrant, Markee Cooper Sr., a cop himself, and his family could only look on as drawers and closets were searched for crack cocaine based on an alleged informant's tip.

On Friday, a federal jury awarded Cooper and his family $565,000 in damages after finding one officer at fault for a falsified warrant and two others responsible for the illegal 2007 search.

The officer and his wife testified at the trial that their two young sons, Markee Jr., 13, and Zion, 8, were traumatized at seeing their father confront a roomful of cops with guns before kneeling to the living room floor and handing over his badge and weapon.

"It's a horrible experience for a child to see or even think about," Cooper's wife, Sherita, said after the verdict was announced. "I'm just glad that justice was served."

The city of Chicago will have to pay $450,000 in compensatory damages awarded by the seven-woman, three-man jury, said Cooper's attorney, Brendan Shiller. The jury also assessed punitive damages against three of five officers - money they will be responsible for paying, Shiller said.

Officer Sean Dailey, who testified that he secured the warrant based on information from an informant named "Lamar" who told him crack was being sold out of the second-floor apartment in the Cooper's building, was assessed by far the most - $100,000.

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Dailey, the son of a late Chicago police commander, opened his own one-man security company while on the force. (The link shows 2010, but this record shows a detective license for Dailey Protection expiring in 2008.)

From RedEye 2009:

"Sean Dailey, 30, recalled working security at Wrigley Field with a fellow Chicago police officer and spotting a fan who was drunk and yelling at a vendor. They told the fan he had to leave, but the fan gave them attitude - until Dailey's buddy showed him his badge. 'People have more respect for Chicago police than just regular security guards . . . They know Chicago police officers are well trained and know the law,' said Dailey, who owns a security company."

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Beachwood Photo Booth: Bonk
In Park Ridge.

The Week In Chicago Rock
Featuring: AC/DC, Chris Bolint, Fleshgod Apocalypse, and Eric Burdon.

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BeachBook

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TweetWood

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The Beachwood Tip Line: Everton.



Permalink

Posted on February 19, 2016


MUSIC - The Week In Chicago Rock.
TV - Vizio Settles Spying Complaints.
POLITICS - WikiLeaks Reveals Staggering Breadth Of CIA Hacking.
SPORTS - Beachwood Sports Radio: Butt Fumbles.

BOOKS - Bannon, The Best And The Brightest.

PEOPLE PLACES & THINGS - Beachwood Photo Booth: Descending Darkly.


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