Monday, May 21, 2007

Too good not to pass along

From Titans by Peter C. Newman, page 103 (hc.):

Bay Street [Canada's answer to Wall Street] stockbrokers and lawyers keep being fined or carted off to jail at irregular but frequent intervals for cheating their clients. In one ruling about the questionable activities of Toronto lawyer Glen Erickson, the Ontario Securities Commission dented his defense by coming down with a judgement that stated, "We have trouble with Mr. Erikson's assertion that the disclosure was made to shareholders at the meeting, when he, in fact, was the only person at that meeting."

If you thought Conrad Black was bad...

----------

Incidentally: the reaction amongst more Establishmentarian stockbrokers and Bay Street lawyers to items like the one quoted above tends to be a superior smirk or chuckle, which connotes "I'd have to fall pretty far before I was reduced to ever doing something like that." They tend to be quite self-assured in their conviction that characters like Mr. Erikson are their natural inferiors; to make a subtle point bluntly, their natural inferiors. Other fields of endeavour are a different boat.

No comments: