July 11, 2014 § Leave a comment
A U.S. Navy veteran and corporate law attorney, John Kai Lassen serves as the managing director of Rockwick Capital, LLC. For much of his career, John Kai Lassen, a registered bond counsel, practiced law in Delaware and advised firms on corporate structuring and financing, including bond issues.
Owners of companies often prefer issuing corporate bonds to selling shares of stock as a means of raising capital because they do not have to give up a stake in the company. Unlike shareholders, bondholders are creditors and do not gain the right to elect the board of directors or vote on other matters. The tax code provides another advantage to bond issuers, as the interest on debt such as bonds is tax deductible, unlike dividends paid to shareholders.
Bonds also provide benefits to the buyers, who often purchase them to diversify their portfolios and move some of their assets away from equities into low-risk fixed-income securities. As bondholders, they receive predictable coupon payments of principal and interest, and the bond itself often remains a liquid asset that they can resell. In addition, because creditors take priority over shareholders in bankruptcy proceedings, investors often treat bonds as safer investments than stock if issued by companies with similar risk profiles.
June 17, 2014 § Leave a comment
An experienced attorney in the field of corporate law, John Kai Lassen currently serves as the managing director of Rockwick Capital, LLC, in Wilmington, Delaware. Outside of his professional pursuits, John Kai Lassen actively participates in several community organizations, including the Delaware Nature Society, a nonprofit that strives to foster an appreciation for the natural world while working to protect it through programs aimed at preservation, conservation, and advocacy.
A major focus of the Delaware Nature Society (DNS) is educating the public. In addition to offering seasonal programs for individuals and families, the DNS operates a range of school programs, which provide students with hands-on, inquiry-based activities that are designed to expand their understanding of science and nature.
One of the more innovative educational programs offered by the DNS is its Overnight and Extended Day program. The program activities are held at local nature centers and are customized to meet the needs of each group. The DNS also offers themed overnight programs that are designed for specific grade levels and cover topics such as reptiles, watersheds, and ecosystems. In addition to science-based learning, each overnight program includes other fun activities like games, crafts, and toasting marshmallows.
July 9, 2012 § Leave a comment
Founded in 1914, the Rotary Club of Wilmington originally consisted of 22 charter members representing business owners and employees, professionals, homeowners, and one politician. Approximately one year later, the Wilmington club became the 148th member of the worldwide Rotary. The club has the distinction of meeting at the same location, the Hotel du Pont, since its organizational meeting.
Since its founding, the Rotary Club of Wilmington has directed its energy toward service, fellowship, promotion of ethical standards, and goodwill. Applications for membership are available to all who are interested in serving the community.
As an affiliate of Rotary District 7630, the Wilmington chapter joins clubs from Delaware and Maryland’s Eastern Shore. At the district level, the organization’s many programs include Easter Seals, Rotary Friendship Exchange, Rotary Leadership Institute, and a literacy program for children. The District organization enlists with the worldwide organization in a campaign to eradicate polio, an effort Rotary has promoted for more than 20 years. Today, the larger Rotary organization boasts more than 1.2 million members in more than 200 countries.
As a member of the Rotary Club of Wilmington, Delaware, John Kai Lassen has served the organization in a variety of capacities at both the local and district level. Locally, Lassen is former board member and club secretary, and began a four-year term as centennial chair in 2011. He is the former district secretary for Rotary District 7630, and currently serves as newsletter editor.