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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: AHM who wrote (2525)	9/9/1998 6:08:00 PM
From: Cosmo Daisey	Read Replies (1) \| Respond to of 4634

Al, """I hope that you or anybody else is never confronted with such a terrible lose-lose decision which, no matter how you act, destroys your livelihood, reputation and career.""" How about being on the board of a bank and seeing one of your client Corps. in financial trouble and also being the trustee for the founders heirs of the company and handling the estate worth billions. Most of the trusts were in the company stock as a loyalty move by the grandchildren of the founder. We knew the company was going bankrupt so where did our feduciary responsiblilty to the trusts fit in? The company went bankrupt, the trusts were worth zero. The bank was sued on the basis of not protecting our clients trusts but to do so would violate the insider rules. To sum up, the company is gone, the bank is gone and the snotty nose heirs who never worked a day in their lives are now working for a living. :o)