Tuesday, April 20, 2010
Being Meg Whitman
Eight years ago Meg Whitman was accused of defrauding ebay shareholders when she was accused of being bribed by Goldman Sachs to favor this Wall Street investment firm as she sat on its board. Whitman did not admit guilt but settled by paying a measly $395,000-dollar fine. She was released from Goldman's board summarily, probably merely for the sake of appearances. Goldman has long prided itself publicly on being above board; what happens privately is being investigated yet again. As with the SEC case against Goldman which charges the firm with defrauding shareholders, naming and implicating the former Treasury Secretary, Henry Paulson, ebay shareholders were apparently screwed too. Goldman Sachs will probably pay a fine and Meg Whitman will probably become the governor of California. How sick is that? Many of these people need to be charged criminally and go straight to jail. We need financial reform now!