Talk of The Villages Florida - View Single Post - An Indication Of How Deep The Financial Crisis Is
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Old 10-13-2008, 07:33 AM
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Default Unrestrained greed is not only bad morals, it's bad economics

Kahuna,

I agree it's about more than the stock market. For more than two years, I have been watching and talking about the arms and legs I saw growing from the monstrous practices of the lending industry. All out and around. That was what I could see. I know there was more that I did not know.

Yes, it is about more than the stock market. I know.

And my guess is that A. E. Lafley knows that, too. I want to hear what he has to say tomorrow morning. There will be a question and answer period so he will interact with the stockholders.

Lafley's MBA is from Harvard. But I have read before he decided to do that, he had planned to get a PhD in Medieval and Renaissance history from the University of Virginia. (-- sometimes called "Mr. Jefferson's University" as you may know. I spent a little time there long ago on the National Endowment for the Humanities' dime. I bet they don't have much of a dime anymore, huh. And lately, I find myself thinking about Mr. Jefferson and Co.)

And believe it or not, one time Lafley was asked what he thought of those "golden parachutes." That was several years ago. When I heard him indicate that he was not completely in favor, I honestly thought I did not hear him right. Maybe I did not.

I have heard that Lafley is also known for grabbing what is called "teachable moments." Maybe he can teach me something tomorrow. But I know this is bigger than Lafley. And so does he. I know.

Let's hope Lafley's interest in Medieval history does not become more applicable than his MBA.

So anyway, I am working up the courage to go to hear what Lafley has to say tomorrow. But, then again, I am sitting here writing this while trying to work up the courage to turn on morning television.

Boomer