Friday, August 07, 2009

Quotes of the day

It has not occurred to many people, at least not yet, that [Ken] Lewis is a bank branch manager who was promoted a dozen too many times.--Douglas McIntyre

A study has found that companies with women on their boards are less profitable and have smaller market caps than those governed by solely alpha-males. ... The results suggest that women like to keep companies neat and tidy and nice-smelling, but if you want to kick ass, hire men.--Henry Blodget

And I don't think this is a gap we can bridge by discussing the [tension in innovation between academics and profit seekers]. We're doomed to keep getting angry at each other.--Megan McArdle

Let's say that every bank on Wall Street took every penny of bonus money paid out for 2005, 2006 and 2007 and put it in their treasuries instead for capital cushion. According to two articles I tracked down, the grand total of all Wall Street bonuses for these three years combined was $83.4 billion. ... the big bailout bank portion was smaller than this $83.4 billion. Let's compare that with the money that was used to bail out these banks. Combining Citigroup, Bank of America, JP Morgan, Goldman Sachs and Morgan Stanley, you get $140 billion. That far exceeds the bonuses paid. So we can officially stop blaming bonuses for causing the crisis. --Daniel Indiviglio

Well, we don't need birth control either--we could just decide to be celibate--but I don't hear so much complaining about the [Big Pharma] commercials for Seasonale or the HPV vaccine.--Megan McArdle

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