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"Harvard has changed a lot since Larry Summers became president barely a decade ago. But some things never change. Unfortunately, one of those things is that Bob Rubin is still a Fellow--that is, a member of the small governing board that is the legal Harvard Corporation, the President and Fellows of Harvard College...
It took very little to remove Pug Winokur from the Harvard Corporation when Enron got in trouble. To what, except having friends in all the right places, can we attribute the fact that Bob Rubin continues to be one of Harvard's legal fiduciaries? Can this please be the final straw? Fellows of Harvard College, don't you realize that your own reputations, as well as Harvard's, are on the line if you continue to keep this little club together?"
Please read more here.
As reported in this Associated Press video, CEO pay exceeds pre-recession level - while millions of Americans are unemployed, homeless, have no healthcare, have no more pensions, etc.
I've decided that instead of getting mad at these lucky bankers, it's best to have a little fun with them. So now I try to envision them singing and dancing to Madonna's song - "Lucky Star." Each week I will blog about some of these Wall Street bankers and will induct them into our Wall $treet Lucky $tar Hall of Fame.
