Threaded Order Chronological Order
| re: That’s crazy | |
| Posted by: jgerard 04:17 pm EDT 06/21/22 | |
| In reply to: re: That’s crazy - ryhog 02:15 pm EDT 06/21/22 | |
|
|
|
| Neither of my posts had anything to do with Lehman Bros in particular but with the more general subject of recoupment and how it is understood by average readers, industry professionals and the reporters covering them. And I'd argue that Rudin's investors up through and including Dolly might take issue with your conclusion about where the money went, even if fraud was not technically involved. I'm certain you know this and why, suddenly, his shows listed just three producers rather than his long-suffering minions. And you may be the only smart observer of this business to call any of Rudin's actions "silly." There may be some disagreement on that. | |
| reply to this message |
| re: That’s crazy | |
| Posted by: ryhog 05:59 pm EDT 06/21/22 | |
| In reply to: re: That’s crazy - jgerard 04:17 pm EDT 06/21/22 | |
|
|
|
| re broadening the subject, ok. I thought you were responding to Dramedy's Lehman-specific post. re "if fraud was not technically involved," that's a mighty big if. Understand, I would not shed a tear if you could reveal fraud but I think what those investors were kvetching about had to do with Rudin's choices in how to spend money, something that is certainly contemplated by the parameters of the offering. Even within that context, I think Rudin was actually nowhere near the cutting edge of (still not fraudulent) self-dealing that some others are known for. re "silly," the first thing that comes to mind is the aforementioned ridiculous ad buys that could not possibly be justified financially (and, as we now know know, he did not always pay for as required). There were others, like misjudging value, and closing shows that could have continued to run profitably. (And I'll leave to the side the nonsense like suing the Lee estate to satiate some personal power trip.) Anyway, all of this is well and good but I think most folks on this thread were trying to stay on point. Oh, and I may or may not be smart, but I am far from the only person who called him silly! Once again, I implore: clear-eyed analysis=good. :-) |
|
| reply to this message |
Time to render: 0.008228 seconds.