Men, be careful who you sleep with
Last week was all about Ashley Dupre, the young lady who was a friend to former (as from today) New York governor Eliot Spitzer for a mere $1000 an hour. (She also, incidentally, used to be friends with Charlie Sheen for a miserly 15,000 euros a night, but I’d like to meet a young woman called Ashley who hasn’t been friends with our Charlie.)
Anyway, while this might have ruined Eliot’s St Patrick’s Day celebrations, it all turned out for the good for Ashley, whose song, What We Want, became quite the hit on her MySpace page. And just as Eliot showed little reticence in trotting his blameless wife out to all of his miserable little press conferences admitting that, yes, he is a priapic old hypocrite, so Ashley showed a similar lack of interest in anonymity, taking it upon herself to call up the New York Times to say hi and putting up happy little messages of stoicism on said MySpace page.
Which brings us, naturally, to Heather Mills McCartney. Not, of course, that Heather is anything like a prostitute. In fact, if anyone was looking for a description got the erstwhile Mrs McCartney, she offered one herself outside the court, describing herself as “always a campaigning girl.” And God knows campaigning for your ex-husband’s millions is a campaign worth leading.
Anyway, it transpired this lunchtime that Ms Mills is to receive £24.3million in a divorce settlement from Paul, a man who is no doubt spending this afternoon reflecting on the truism that just because a woman looks like your dead wife, doesn’t mean she will turn out to be like your dead wife. Now, £24.3million is a bit less than the £125 million Heather sought but is not, I think we can all agree, small change for a couple years of marriage.
Tags: comments, day, happy, myspace, patrick, s, st
Well, there’s no “he” here. HE was treated the same as every other stockholder of the company. As for the company being treated differently, I mostly agree with you. But that doesn’t make the statements made about this any less wrong. Whether what the gov’t did do was the right thing to do, that’s certainly open to question (and like I said, I agree with you, overall). But that doesn’t mean that the worker to owner comparison is any more valid.
At some point you people will pick up your torches. The only problem is that the thieves will all be living in Dubai.Maybe you can hatch a plot to fly planes into a Dubai skyscraper.
As opposed to socialist capitalism?
More like a Corporatocracy. The state is basically a corporation.
$2/share isn’t the bailout. The $30 billion credit line that allows that $2/share to be remotely competitive is the bailout.
Yes, I agree he doesn’t get the billion dollar payday but walking away with 13.4 million(NY Times) isn’t exactly gonna have him buying generic peanut butter at Pathmark. That’s not including 232 million in previous salary.
Nope, they just gave the bank money, after this asshole embezzled $230 million. It’s not exactly the same, I suppose.
Note that Alan Schwartz did not run the company completely into the ground. In fact, many are saying that it’s a very good thing he is/was CEO instead of the previous CEO Jimmy Cayne. Cayne quite possibly would never have sold Bear Stearns for a loss, and most likely would have shaken investor and lender confidence to a dangerous degree. Not that Schwartz should get money for screwing up, but it could have been a lot worse.
Start hoarding guns and women!
Ok let’s do that, when we make bad decisions, as average american nobody bails us out. The fact that he had billions at some point doesn’t make any difference to me. He should be treated the same. We should have been comparing his billions to a big fat zero instead of millions out of our pocket.
Yeah, seriously. I’m outraged at these redditors who don’t understand the pain and suffering, the humiliation, this gentleman and his family must be going through. Could you imagine how much psychological damage having to go from 10 cars to about 5? FIVE, people! That’s half as many cars as he had a few months ago.How would you feel if all of a sudden you dropped one step in the economic ladder and found yourself homeless? Because, that’s what’s happening here. His family now will probably have to sell all their vacation properties. How are they going to spend all four seasons within the same four walls, all year round? Ask yourselves that question, redditors.Edit: Why the downmodding?
The Fed has vast resources on its own, thanks to its ability to sell Treasury securities’Selling treasury securities’ just means that the government is borrowing money by issuing bonds which will have to be repayed with interest. Taxpayers are ultimately responsible for repaying that debt.
Some of us chose to earn our money since stealing is wrong. Of course we got screwed on that one…
you realize half those things you said in there is speculation…you didn’t mention shareholder proposals at bear sterns and if they were voted up or downjust because corporate policy isn’t working doesn’t mean the process is broken. shareholders do have a say. do you know why? because every shareholder proposal that is voted down is voted down because a majority of shareholders voted it down. it just happens that this majority is often comprised of management and other corporate entities. is it unfair they have more say than the average investor does? i don’t see how it is because they own more of the company and they should have more say. if you don’t like it, don’t invest. if you want to be part of the process then the only way to begin to be a shareholder, otherwise your opinion is irrelevant to the company.
I think the main problem is that companies give some people millions, yet don’t hold them accountable for anything.In my understanding of justice (and also as a shareholder of some companies, not Bear Stearns), that guy should seriously have to pay his money back. Never ever should you give somebody this much without strings attached (like long-term profitability of the business, which can easily be done in the form of stock options that only work after 5 or 10 years).