Wednesday, September 03, 2003
More scams at the stock market
Marcy Gordon of AP writes:
"Scrutiny"... Right...
See, if you're rich enough, your risk gets socialized—that is, there isn't any. People who don't have jobs and still have kids to feed and medical bills take real risks.
Oh, wait! With his $139.5 million, Grasso can afford to hire some servants for his big house! So he's creating jobs after all. My mistake.
NYSE Chairman Dick Grasso's deal - which includes an 8 percent guaranteed, risk-free return on an undisclosed portion of his $139.5 million in deferred compensation - drew scrutiny from critics and the Securities and Exchange Commission when it was disclosed last Wednesday.
"Scrutiny"... Right...
See, if you're rich enough, your risk gets socialized—that is, there isn't any. People who don't have jobs and still have kids to feed and medical bills take real risks.
Oh, wait! With his $139.5 million, Grasso can afford to hire some servants for his big house! So he's creating jobs after all. My mistake.
