Davos Delegates in ‘Denial’ as $25 Trillion of Wealth Vanishes
By A. Craig Copetas and Christine Harper
Jan. 30 (Bloomberg) -- Regret is cheap for some delegates at the World Economic Forum in Davos, Switzerland. Redemption for their role in the worst economic wreck since the Great Depression comes at a steeper cost.
If atonement is difficult, retribution may prove “brutally difficult,” Starwood Capital Group CEO Barry Sternlicht said in an interview in Davos. As Sternlicht sees it, “everyone wants a head, and that’s not reasonable. To do that, you’d need to take out the top 20 executives at the 300 biggest financial firms.”
Wednesday, February 18, 2009
THIS NUMBER SEEMS DOABLE
In an angry jest, I've suggested that we need to execute 3-4 thousand MOTU to send a clear message that we won't tolerate these people ruining the economy. Apparently, my number is a little low.
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