Shareholders have the right and obligation to set the parameters of corporate behavior within which management pursues profit.
Eliot Spitzer Quotes
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Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done.
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I view Al Jazeera as a very serious journalistic outfit. They have proven to observers around the world that they are serious and objective. They will have to, at a P.R. level, prove to the American public that that is the case. And I think that over time they will succeed at doing that.
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I have long said there are three distinct groups under the GOP’s tent: theological warriors, who want to impose their social views on the rest of society; Tea Party zealots, who say with a straight face that they want the government to get out of their Medicare; and remnants of the pro-business moderates.
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Every trial lawyer knows what it is like to sit patiently while the other side puts on its case. Inevitably they make a few points that appeal to the jury, and waiting for the opportunity to respond can be painful. The desire to jump up immediately – to point out the flaws in logic or the factual distortions – is often overpowering.
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Don’t reward bad behavior. It is one of the first rules of parenting. During the financial cataclysm of 2008, we said it differently. When we bailed out banks that had created their own misfortune, we called it a ‘moral hazard,’ because the bailout absolved the bank’s bad acts and created an incentive for it to make the same bad loans again.
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Birth: | 10th June, 1959 |
Nationality: | American |
Profession: | Lawyer, Politician |
Eliot Laurence Spitzer was born in Bronx, New York. He is an American politician who served as the 54th Governor of New York from 2007 until his resignation on March 17, 2008. The Attorney General of New York for eight years, Spitzer was elected in 2006, succeeding three-term Governor George Pataki. He received a Bachelor's degree at Princeton University, and his Juris Doctor at Harvard Law School.
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