Corporate crime / SORRY?
'What used to be conflict of interest is now synergy.'
'When Dow completed its stock acquisition in February 2001, Union Carbide retained no responsibility whatsoever in relation to the tragedy... stockholders are not responsible for the liabilities, if any, of the companies in which they have invested.'
'This rule gave government agents blanket discretion to blacklist federal contractors based on subjective and arbitrary notions of satisfactory compliance with any federal, state or even foreign law.'
'You know what the difference is between the state of California and the Titanic? At least when the Titanic went down the lights were on.'
Marc Helie, a partner of Gramercy Advisors, refused to agree to a onemonth extension of the pay-out on the Ecuadorean bonds his ?rm held. He sparked a collapse in the country's economy. According to Helie, 'it doesn't help you service your dollar obligations which is where your biggest problem is right now... if it's Argentina or Brazil or Venezuela the same principles should apply to them.' His firm has been described by the Toronto Globe and Mail as '... specializing in making money from economies on the brink of disaster...'
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