Anyone else get a chance to read the FT.com article on the Dept. of Justice indicting UBS’s head of Global Wealth Mgmt. on charges of helping UBS’s U.S. clients avoid paying taxes? Hopefully, they will be fully prosecuted and the DOJ starts filing charges against their U.S. clients who avoid paying taxes.
he is done. see the article on Dennis K from TYCO saying he shouldnt be in jail when Fuld blew up LEH and got away with it
I’m really fine with the two of them sharing a cell.
Actually, this would be a really good way of justifying large executive compensation packages. Either you make money for your firm and get paid or you lose money and go to jail. Kind of like monopoly.