Wednesday, February 29, 2012

Leonie's Response to USA Today Article

Updated: Recent coverage in USA Today looked at the issue of outstanding tax obligations on the part of Leonie’s owners. As of March 23, 2012 all tax obligations for Leonie’s owners have been met.

As background: in the last few years, Leonie experienced some financial challenges not unusual for a government contractor of its size. Because of those challenges, Leonie’s owners deferred their shareholder compensation so that the company would have the funds available to meet its contractual obligations. As a result, the owners were unable to meet their personal tax obligations on time.

At no time did Leonie’s owners seek to avoid their responsibilities as taxpayers. Both owners have been faithfully paying their tax liabilities through installment plans with the Internal Revenue Service (IRS), including substantial late fees and penalties. The remaining federal tax liabilities were paid in March 2012. They would have been paid much sooner, but for the fact that Leonie was awaiting a significant client payment, which was ultimately paid in March, 2012. Thus, this matter has been fully resolved.

The issues described above relate solely to the owners’ personal tax obligations and have no bearing on the company or the important work it does. Leonie is an LLC, and as such, the tax obligations flow through to the owners. Leonie is up-to-date on all of its federal and state corporate tax obligations.

Monday, February 13, 2012

First Female US Air Force Four-Star Nominee

 A profile of Lt. Gen. Wolfenbarger

Last week the President nominated Lt. Gen. Janet C. Wolfenbarger for appointment to the grade of General, with assignment as Commander, Air Force Materiel Command, Wright-Patterson Air Force Base, Ohio.

If her nomination is approved by the Senate, Lt. Gen. Wolfenbarger will be the first female four-star General in the U.S. Air Force. She follows in the footsteps of US Army Gen. Ann Dunwoody, who, on November 14, 2008, became the first woman in U.S. military history to achieve the rank of four-star General.

Air Force Materiel Command, where Lt. Gen. Wolfenbarger is currently Vice Commander, is the largest command in the Air Force with a yearly budget of $60 billion. At Wright-Patterson Air Force Base they conduct research, development, test and evaluation, and provide acquisition management and logistics support necessary to keep Air Force weapon systems ready for war.

Lt. Gen. Wolfenbarger has held a variety of assignments at headquarters Electronic Security Command and Air Force Systems Command. She is a 1980 graduate of the Air Force Academy where she received a Bachelor of Science degree in engineering sciences. She began her career in acquisition as an engineer at Eglin Air Force Base, Florida. In 1985 she earned a Master of Science degree in aeronautics and astronautics from Massachusetts Institute of Technology, and in 1994, she received a Master of Science degree in national resource strategy from National Defense University.

Lt. Gen. Wolfenbarger has received a number of major awards and decorations, including the Distinguished Service Medal, Legion of Merit with oak leaf cluster, National Defense Service Medal with bronze star, and the Global War on Terrorism Service Medal.

Pentagon officials have praised her nomination and a spokesman for Defense Secretary, Leon Panetta, said: “General Wolfenbarger is an outstanding Air Force Officer. The fact that she is the first woman to wear a fourth star in the Air Force, if confirmed, is a testament to her skills, experience and dedication.”

This announcement took place in the same week that the Pentagon unveiled plans for expanded roles for women in combat, allowing them to fill thousands of frontline jobs - approximately 14,000 posts - including as medics, helicopter pilots, intelligence and communication analysts.