I was reading the heartbreakingstory about the court decision that former NYSE chairman will have to return 100 million USD of his 139 million USD payout. I feel terrible for the unfortunate man and his family. I suppose all they will be left with is the same nothing that the widow Lay was left with.
The thing that struck me is that the ruling was issued under New York State's law governing NOT FOR PROFIT concerns.
The company at the heart of the engine of American and world capitalism is a NOT FOR PROFIT company. What does this say about the free market prophets who dominate the New York financial district?
I guess we should trust the world's top capitalists when they demonstrate to us that capitalists shouldn't be trusted with anything. I thank Richard Grasso as his case has so enlightened me. If anyone is setting up a retirement fund for the man I'll chip in 20p!
The thing that struck me is that the ruling was issued under New York State's law governing NOT FOR PROFIT concerns.
The company at the heart of the engine of American and world capitalism is a NOT FOR PROFIT company. What does this say about the free market prophets who dominate the New York financial district?
I guess we should trust the world's top capitalists when they demonstrate to us that capitalists shouldn't be trusted with anything. I thank Richard Grasso as his case has so enlightened me. If anyone is setting up a retirement fund for the man I'll chip in 20p!
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