Posted on 12/04/2004 1:35:28 AM PST by Liz
So investors were duped so that Grubman could get his kids into nursery school?
Who knew Wall Street was so altruistic (/sarc).
That wouldn't be Jack Grubman, would it?
One and the same.
Getting the DNC to let go of money is like getting Michael Moore to release his buttered bagel.
ROTF! You can say that again! I just checked the FEC's website. Sure enough. The DSCC's still got the loot.
If Grubman were to be found guilty, the SNC would get pressured to let of the Grubman bribe, uh, I mean donation.
Being a former Salomon, Snith-Nazi employee, I can tell you that far worse occurs on a daily basis.
If I recall, Grubman, when discovered, was allowed to "resign" with a $32 million severance package, while the companyh was being dragged through the courts and employees in my division were aksed to to put in a minimum of 50 hours a week. This extra time was supposed to make up for the 8,000 people that got fired when things began to go south in 2002. The combination of longer hours/fewer people was explained to us as a "productivity savings measure".
Again, if I recall, this was also the same management who explained that despite the fact that you normally already worked 70 hours a week (systems programming is like that), you must continue to do so in order to be eligible for a bonus. Eight months later, when bonuses were due to be distributed, the bonus policy mysteriously was "modified" so that no one under 150K a year was eligible anymore. Everyone else made due with a 3% across-the-board raise while management fed at the trough again.
Let's get something straight: SSB used to be a great company to work for until the bottom-feeders began to creep into it's management corps. The rot started with the merger between Smith-Barney and Salomon Brothers, got worse after the merger with Citibank and continues to get worse. It's a chaotic place, with 16 seperate companies all doing business under one roof and no one knows what the hell is going on.
Fortunately, I quit a while back.
If you have money to invest or are looking for a bank to save your money in, go someplace else. Smith-Barney is no longer a reputable firm. Citibank is merely a front operation for a band of organized criminals.
True. Mr. M had a credit card from them that could never be paid off. Despite paying it off every month, the next monthly statement would have finance charges on it. Seems they charged interest from the day they printed out bills until they processed your check so the account could never be paid in full. After arguing with them and trying to close the account for three months, he gave up and sent them extra $ and told them to keep the change just to get the account closed. We'll NEVER use those crooks again.
If other children of the beautiful and important people are any guide, they'd be better off being raised by dingoes.
maybe grubman can drive an suv into a crowd of investors to get his way ... is this the same grubman?
Lizzie Grubman the crazed SUV driver is Jack's niece....her father Alan is his brother.
See, where you went wrong is that you shoulda got the dirt on magagement and threaten to squeal to the feds----like Grubman did. That's why he got the $32M blackmail, uh, I mean "bonus." Nice guy, eh? I hope they hang him from his private parts.
Considering that the board was in the pocket of Bill Clinton (in the person of Robert Rubin), threatened by Je$$e Jackass on one front, and beholden to the Attorney General of NY State (The dis-Honorable Eliot Spitzer) my complaint would have been small potatoes.
Unless I had personal knowledge of Mr. Weill's predelection for yong boys (assuming he has one), I don't think I had enough knowledge of what bodies were being buried where.
I can tell you, however, that Citigroup made a PR tape about September 11th, in which they stated (and celebrated) the fact that 19 billion (that's with a B) dollars changed hands through various Citigroup subsidiaries and that this was a selling point. Mind you, the towers were only three blocks south of where I worked, and I happened to be in the room when the announcement was made.
Consequently, that tape was played 24/7 in the lobby at 390 Greenwich Street every day for a week, post 9-11 to "inspire the troops" until someone had the guts to complain that it was in poor taste.
In Citi math, 19 billion erases 3,000 corpses three blocks away, even when your front courtyard is being used as a temporary morgue by the authorites.
P.S. I can probably also dig out the famous photo of the Technology Management on the roof of 390 Greenwich, with the smoking remains of the WTC in the background, that was taken to "celebrate" the fact that business was able to continue that day, despite the world going to hell.
They look like they just won the Super Bowl.
They say mony is the root of all evil. After 11 years at Smith-Nazi, I can tell it is definitely the root of all stupidity.
And who could forget Boobyroobin personally telephoning the US Treasury for a personal favor----as if it were his personal piggy bank----- even after he and Clinton left office.
The extortionist Jesse Jackson got away with hhuge financial crimes----crimes the average citizen would have served time for.
Many thanks for your important contributions to the thread.
Thanks for the post; comments
My wife had let her AT&T credit card expire years ago.
Shortly after Citigroup took over the AT&T credit card, her expired credit card was activated for 3 computer type purchase for about $3K. It was credit card fraud and probably had roots inside AT&T or Citi.
We notified the owners Citi and spent a lot of money with Notary public documentation stating that her card had expired, had not been used for over a year, and we didn't make those charges.
In about a week we started getting phone calls from Citi badgering us to pay the charges. First they said we didn't respond, and then ignore the response after I sent them copies of the Notarized response. This went on for about a year.
There were changes at the SEC, and I sent the upper rats at Citi that if they didn't stop their harassing of us, I was turning them into the SEC as an example of how they made a illegal profit charging senior citizens for charges they didn't make and harassing them to pay the charges. Similiar letters were sent to the three companies saying that they had sent the merchandise to us but refused to tell us what addresses it was sent.
I gave them 2 weeks.
A week after we got a two page letter stating that they "found" the notarized papers, and we hadn't made the charges. They even offered us a free credit card based on our good credit. Of course you know what I told them to do with that offer.
While this was going on, I personally contacted the credit managers of our other credit cards and our mortgage company. When they heard that it was Citi involved, everyone told me not worry about my credit rating with them. One before, I told her who the company was, said, "I bet the company's naame that is doing this to you starts with a C."
Since then we have had several friends and a few relatives in similiar situations threaten the cc companies with the SEC option. All were successful in a week or so. One gal got a 5 year mess over a damaged Wedding Dress (soiled/damaged in shipment or before) taken care of.
Nice work, Gramps. Thanks for posting.
Wombat will be pleased, I'm sure.
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