The Loss Of Life Of Corporate Track Record

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Proxy Solicitation

Jonathan R. Macey is Sam Harris Professor of Company Law, Company Finance, and Securities Law at Yale University and Professor in the Yale College of Administration. He is a member of the Board of Administrators of the Yale Legislation School Middle for the Research of Company Governance, a member of the College Advisory Group of Yale's Millstein Middle for Corporate Governance and Performance, and Chairman of Yale's Advisory Committee on Trader Responsibility.

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So why would the same individual consider the other side in a Goldman-Sachs trade? They think they're geniuses. A 2nd reason is trust. A 3rd is customer protection bureaus, etc. and these men won't rip me off. We naively believe laws really protect us. That's when you have Bernie Madhoff.

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What's much more, he doesn't obtain any executive benefits. In reality, he lines up in the employees canteen with his fellow workers for lunch each working day and even catches a bus to function.

Schwab: Many traders and companies are holding back their cash simply because they believe the whole situation under the Obama administration reeks of regulation and socialized industries. They are waiting for Obama to be out in 2017.

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