A company's public conduct and public image, like that of Citi and Lehman, should be a determinant of which companies get taxpayer monies. The days of Wall Street rules are at an end.
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Why are more than a dozen of the world's navies converging on Somalia to battle pirates there instead of sailing into New York to capture the Wall Street pirates?
While banks and the auto industry have been bailed out, public transportation workers and other civil servants complain that small and medium businesses -- the people -- have gotten a big fat zero.
Merrill Lynch CEO John Thain, the poster child for the modern era of Not Getting It, and execs at Citigroup, Wells Fargo, and State Street have shown themselves to be tone deaf.
In a sense, we made Madoff. This society and its desire for results and more results. The disease of more. The Bush legacy: No regulation. A free-for-all.
John Thain of Merrill Lynch (MER) and John Mack of Morgan Stanley (MS) looked like men in hostage video tapes with guns held to their heads as they we...
Those of us who run our own businesses don't get bonuses if we lose money. We usually don't get bailed out or taken over. If we lose enough money, they lock us up and board up the front windows.
Update 4:40pm EST:
Morgan Stanley's CEO John Mack has announced that he will not be getting a bonus for the second year in a row:
Morgan Stanley C...
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