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To: Moominoid who wrote (19137)5/19/2002 12:48:33 PM
From: Raymond Duray  Read Replies (1) | Respond to of 74559
 
Hi David,

Can you identify the textbook? TIA

As far as their view that options are a good thing, I find that I look at the world from the perspective of the individual passive investor using the markets as a means of creating a savings nest egg. As such, my interests are clearly not aligned with the CEOs who manipulate financial reports in order to show greater profitability than is actually occurring. I suspect that the authors of the textbook you a proposing to use are writing their book from the perspective of being solons who see the aggrandizement of the elites as the goal, and not a concern for the general welfare of society, which would incorporate my best interests.

From what I''ve read of the mindset of the Wharton crowd, the US would undoubtedly be better off as a society without their "contribution", which is serving only to create an unbalanced plutocracy.

I believe there is an increasing chorus of criticism railing against the inadequacy of the Wharton worldview to address issues of fairness and honesty. Here's a sampler:

Message 17488268

All the best, Ray