Remove Pharmaceutical Remove Planning Remove Profit and Loss Remove Treasury
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Transcript: Steven Klinsky

Barry Ritholtz

But as a private equity owner, again, first of all, you do invest heavily of your own money in the transactions, plus you have additional ownership through, you know, the carried interest, the profits interests. September 13, 1981, I think the 10-year Treasury was 15.84 You got 60 percent of losses ahead of you. RITHOLTZ: Yeah.

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Transcript: Joel Tillinghast, Fidelity

Barry Ritholtz

He developed the Ginnie Mae contract, which at one time was a big thing in treasury bond contract. They announced a $640 million loss and ouch. And the division that I was in was below plan. But if, if it has a history of not being profitable, you you really want to exclude that. So big loss. That was real money.

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Transcript: Bethany McLean on Pandemic Fails

Barry Ritholtz

Profiteering fraud. It just, the, the, the profiteering really was utterly insane. That the focus on profits, on pleasing shareholders and on profits that can be sustainable means that, that, that the response in a pandemic isn’t going to be what you think. So his plan to distribute masks went nowhere.