Category Archives: Classic Quotes

“I think I can read between the lines more than a lot of people on these issues.”

Jon Corzine, former Goldman chair, former U.S. senator, former governor of New Jersey, former head of MF Global, a company that was the second largest bankruptcy in history (only Lehman was bigger)following a “temporary” loss of $1 billion I customer … Continue reading

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“This is a seismic cultural shift, when a corporation puts a woman’s rights above the bottom line.”

Wendy Walsh, former O’Reilly guest. However, in the case of Fox News, O’Reilly got the boot because the bottomline was being affected. O’Reilly advertisers pulled their ads from his program. You lose ad dollars, you fix it. Sometimes business interests … Continue reading

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“People getting accounts they didn’t sign up for? I don’t need an M.B.A. in finance to understand that’s wrong.”

Stephen Beck, founder of CG42, a strategy company, discussing Wells Fargo’s problems. Funny how this simple point eluded so many within the bank.

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“Your biographical information will always have this senseless taint.”

U.S. District Judge Susan Wigenton in sentencing Bill Baroni, the former deputy executive director of the Port Authority of New York and New Jersey. Mr. Baroni received a two-year sentence. Bridget Anne Kelly, a member of New Jersey Governor Chris … Continue reading

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“If you mix your politics with your investment decisions, you’re making a big mistake.”

Warren Buffett, the Oracle of Omaha on the boycott of all things Trump, including the U.S. stock markets. Time, March 13, 2017, p.20. There are good business people who are Democrats and good business people who are Republicans. Rational folks, … Continue reading

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“I am running a business. I am a for-profit business.”

Heather Bresch, CEO of Mylan pharmaceutical (sellers of the price-increased EpiPen ($600)), and daughter of West Virginia Senator Joe Manchin.  Ms. Bresch is featured in a case study in Marianne M. Jennings. “Business Ethics: Case Studies and Readings” (Cengage 2014).  … Continue reading

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“If everyone told the truth, the stock market would never move.”

Iraj Parvizi, aka Fatty, aka the Mad Punter, testifying at a trial with his three co-defendants who were all  accused of running the biggest insider trading ring in the history of the United Kingdom.  Some additional treasures from the witness stand … Continue reading

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“They are very unsophisticated– and anyone could ‘rape’ them.”

E-mail from Goldman executive in 2008 reflecting on the firm’s dealings with Libya’s sovereign-wealth fund.  Libya has filed suit against Goldman Sachs in the High Court of London, and the quote was one of many to emerge as the trial … Continue reading

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“I don’t know what the answer is, but holy cow, do we have a problem.”

FBI Director James Comey in discussing rising crime rates in more than 40 cities.  In Chicago alone, murders were up 40% and shootings up 70%.  You have to put your faith in a guy who still says “holy cow.” This … Continue reading

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“A hero.”

Alice Cancel, describing Sheldon Silver, the former New York state legislator who was convicted of corruption charges. Ms. Cancel is running to take his seat, vacated due to the likelihood of jail time for Mr. Silver.

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“Eliot Spitzer is subject of assault probe in NYC”

Headline from USA Todayon February 16, 2016. The investigation is based on a woman’s phone calls to police and their response to events between her and Spitzer in a $1,000 per night hotel suite. Mr. Spitzer’s spokeswoman say that there … Continue reading

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“It’s a pillar of New York culture.”

One of the first customers at the Carnegie Deli, when the restaurant opened its doors again after being closed for 10 months. The reason for the closure? The joint was shut down after utility workers discovered that the restaurant had … Continue reading

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“He did a lot of bad things, and wrong things, and immoral things. perhaps. He didn’t intend to steal. He misappropriated funds, that’s completely clear. But he’s not charged with that.”

Richard Verchick, attorney for hedge fund manager, Mark Malik, in opening remarks to the jury in the trial of Mr. Malik on charges of stealing almost $850,000 from investors in his Wolf Hedge Fund. Stealing and misappropriating are tricky verbs, … Continue reading

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“I always thought the infraction was like a traffic citation. But what I think of Tom, it hasn’t detracted from that.”

Hall of Famer quarterback Steve Young on Tom Brady and the Deflategate scandal. Hall of Famer Warren Moon added, “I guarantee you he had some knowledge. Those guys (handling the footballs) are not going to do it if it’s something … Continue reading

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