(The Return of) Ignatz, by Sam Heldman

Friday, November 15, 2002

If the facts are correctly reported in this NYT article, Citigroup intentionally misled investors with the specific purpose of helping a high executive's children get into the nursery school of their choice. Yes, you read that correctly. The big-dog analyst at Citigroup raised AT&T's rating, because it would serve the personal ends of Citigroup's chairman, who would in return use his influence to get the tykes into the exclusive nursery school. If this does not enlist you in the class war of the ultra-rich vs everyone else, then you are clearly a class-war appeaser.

posted by sam 6:49 AM 0 comments


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