FT: J. Ezra Merkin Resigns from GMAC in Wake of Madoff Scandal

As expected, but with an excuse, J. Ezra Merkin resigns from another position after the deluge of the Madoff affair. He really screwed up didn't he?
Merkin to step down as chairman of GMAC
By Bernard Simon in Toronto and Joanna Chung in New York

Ezra Merkin, a US money manager whose funds have been among the casualties of the alleged Bernard Madoff swindle, is set to step down soon as chairman of GMAC, the financing arm of General Motors...more

1 comment:

Anonymous said...

A distinguished graduate of Columbia College and Harvard Law School demonstrates to the world the inestimable value of higher education.

In the words of Derek Bok, a former President of Harvard, "if you think education is expensive, try ignorance."

We have and will because we must.