[lbo-talk] Arthur Levitt, Jr. & the Carlyle Group

Doug Henwood dhenwood at panix.com
Fri Feb 20 14:48:08 PST 2004


Joseph Wanzala wrote:


>http://www.fromthewilderness.com/free/ww3/022004_levitt.html
>
>WHY I JOINED THE CARLYLE GROUP AND OTHER REVELATIONS FROM FORMER SEC
>CHAIR ARTHUR LEVITT, JR. - by Suzan Mazur
>– Two and half years after September 11 th and a year and half after
>a series of corporate accounting scandals which destroyed hundred of
>billions in shareholder and pension equities, the man regarded as a
>paragon of virtue discloses in a semi-private talk why he chose to
>join one of the most vilified companies in America. He also
>discloses some parts of his background that call into question his
>reputation. If you've wondered why it's so hard to change the way
>money works, you need only look at the cynicism of Levitt's remarks
>and see his belief that we don't understand what he has told us.

So capitalism would be groovy if only we could make people behave nicely?

Doug



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