The giant pays but a few coins from their pocket and the poor stock holders and employees who were made scape goats are really paying the price.
Amazing is why Mr. Spitzer doesn’t try going after M.R. Greenberg as well as his sons. After all is he really worth the 30+ million a year he gets or perhaps he is forcing the agent to push AIG just so he can keep himelf in his lavish lifestyle as well as his boys employed.
My feeling do go out to the employees that got fired for merly doing their jobs and the unsusspecting investor who took a stock broker’s advise and investied in M&M.
Can someone tell me where a majority of these 3k employees who lost their jobs came from in the company, i.e. low level, mid-level, etc. and are any of them having any luck finding new employment?
As always, many employees paid the price for upper management’s sins. I can assure you that we will not see any of the money. Greenberg and other execs leave with millions of dollars and we get the boot.
The employees that were let go were in various positions. Others have left because they know the ship is sinking…. Give it a couple of years and it will be business as usual.
How do I get on this gravy train??? Make a 50% profit on ill gotten gains, a slap on the wrist and go on about my business. I’ll apologize to anyone Spitzer wants, even in Macy’s window.
Now that he has advanced his political career and tarnished an industry, who is next…mortgage brokers for recommending a lender, real estate brokers for recommending a title company or home inspector, doctors for prescribing certain medications, mechanics for recommending a certain motor oil, bartenders for pushing a brand of liquor…Eliot, your grandstanding opportunities are endless.
By the way, who is accountable for the $600mm/$750mm, though I am sure none would ever find its way into a campaign fund!
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goes to the Spitz’s election campaign fund
The giant pays but a few coins from their pocket and the poor stock holders and employees who were made scape goats are really paying the price.
Amazing is why Mr. Spitzer doesn’t try going after M.R. Greenberg as well as his sons. After all is he really worth the 30+ million a year he gets or perhaps he is forcing the agent to push AIG just so he can keep himelf in his lavish lifestyle as well as his boys employed.
My feeling do go out to the employees that got fired for merly doing their jobs and the unsusspecting investor who took a stock broker’s advise and investied in M&M.
A Friend of the Fallen
Is is bid-rigging or contingencies from the company that we are talking about. Each situation is completely different.What is the fine really for??
That would be $450 Million.
Can someone tell me where a majority of these 3k employees who lost their jobs came from in the company, i.e. low level, mid-level, etc. and are any of them having any luck finding new employment?
They are all going to become campaign volunteers for Spitzer.
No, I think they will become campaign VOLUNTEERS for Gov Pataki’s campaign!!!
As always, many employees paid the price for upper management’s sins. I can assure you that we will not see any of the money. Greenberg and other execs leave with millions of dollars and we get the boot.
The employees that were let go were in various positions. Others have left because they know the ship is sinking…. Give it a couple of years and it will be business as usual.
P.S. Most of us have not found jobs!!!!!
How do I get on this gravy train??? Make a 50% profit on ill gotten gains, a slap on the wrist and go on about my business. I’ll apologize to anyone Spitzer wants, even in Macy’s window.
Now that he has advanced his political career and tarnished an industry, who is next…mortgage brokers for recommending a lender, real estate brokers for recommending a title company or home inspector, doctors for prescribing certain medications, mechanics for recommending a certain motor oil, bartenders for pushing a brand of liquor…Eliot, your grandstanding opportunities are endless.
By the way, who is accountable for the $600mm/$750mm, though I am sure none would ever find its way into a campaign fund!
Guess if you have $750 mill you can stay out of jail. Both Greenbergs should be serving time and restitution from personal funds.