No great secret, my hatred for financial services companies has been abundantly vindicated in recent months. I only fear that everyone else who needs to work for a living hasn’t caught on yet.<\/p>
Years ago, I was “invited” to a recruitment activity at First Marblehead, a servicer of student loans to those who’d exhausted the less expensive, government-backed programs.<\/p>
The career fair, or whatever deceptively positive descriptor they came up with for this exercise in sadism, took place in several rooms that were populated with terrified-looking applicants and steely-eyed, scowling First Marblehead employees.<\/p>
I didn’t stay, of course, and read today that even the Wall Street Journal is so revolted by<\/a> First Marblehead’s CEO, Daniel Meyers, that they tarred and feathered him in print:<\/p> Meyers earned nearly $100 million, almost all of it in the sale of company stock; together with other Marblehead insiders, $660 million was taken. <\/i><\/p> The Journal notes that Meyers used $10.3 million of his fortune to buy an ocean-front property in Rhode Island.<\/p>\n","protected":false},"excerpt":{"rendered":" No great secret, my hatred for financial services companies has been abundantly vindicated in recent months. I only fear that everyone else who needs to work for a living hasn’t caught on yet.Years ago, I was “invited” to a recruitment … Continue reading