Word: greed
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...call upon government to fund immediately a Department of Pathetic Investors and have DOPI look into the methods and motivations of those who eagerly plunked down their savings for the likes of VA Linux and iVillage. I'm confident that the inquiry would produce damning evidence of investors' blatant greed, deceit, blind lust for wealth, sorry ethics and outright fraud. In other words, they were no better behaved than the analysts and bankers...
...what happened? People don’t really know. The closest I’ve come to an answer was that the castle on a cloud we lived in wasn’t built on a solid foundation, but rather on unrestrained optimism, mass hysteria and, above all, pure greed. We knew in the back of our minds that this insane growth and prodigal lifestyle couldn’t last forever, yet the belief that the cow could be milked one day longer despite warning signs to the contrary made the fall that much more difficult. Of course, this truth...
...retail brokerage, where greed rules, the picture is also changing. For most brokers, the era of trading stocks all day is gone. The business today is about acquiring assets, which may involve mortgages, retirement and estate planning, even selling houses. Many brokers still get commissions, but the trend is toward fees based on a percentage of assets. And serving the owners of these assets means working with others in your firm. In May, for example, Merrill Lynch announced it was aiming to have 40% of its 16,000 brokers work in teams to rev up its service to high-income...
...Sixth Sense. Everywhere I look, I see wedded people. But when I gaze upon newlyweds, I don't see hearts and flowers; I see law firms banging out contracts in an effort to inoculate both husband and wife against the death of love and the inevitable pain, greed and bad behavior that follow. According to Arlene Dubin, a divorce lawyer in New York City and author of Prenups for Lovers, about 20% of marrying couples pursue prenuptial agreements, outlining everything from how assets should be divided in case of divorce to how often a couple will go on vacation...
...present lawyer Ted Tzovaras, who is paid by Jardine Securicor. "But when it comes to business, he's completely naive." Also on the advice of the Gem Mining lawyer?who has since fled Laos?Danes cosigned a letter from Jeppesen accusing members of the Laos government of corruption, greed and collusion with the disgruntled investors. The move infuriated the government. Kerry, belatedly realizing his mistake, stopped representing the company...