Many years ago we had news stories about someone occupying a chair at a major brokerage firm for six months while ” the board” searched for a fulltime candidate. After attending only a handful of meetings, this individual pulled the ripcord on a $360 million dollar golden parachute. Needless to say, the blue and white collar workers who had retirement accounts holding mutual funds managed by said brokerage firm were immediately crying foul. The brokerage firm brushed aside the complaints of little men and the inquiries made by government officials. They knew better than such little minds. Of course, after the recession that Garter Group built, that brokerage firm doesn’t exist anymore. So much for knowing better.
I had a different blog site back then, and different computers. Somehow during all of the migration my “Ethics in Income Act” got lost. There were many references to it in other blog … Read More