Welcome to The Dinner Party Download, a fast and funny hour of culture, food and conversation: “public radio’s arts & leisure section.” In every episode you’ll learn a joke; bone up on an odd bit of history and then wash it down with a themed cocktail recipe; meet artists of note; have your burning etiquette questions answered; savor an emerging food trend; and hear your new favorite song. Plus, unconventional wisdom from hosts Rico Gagliano and Brendan Francis Newnam.
Manage episode 218784871 series 1094055
Join me Monday April 27th 9:00 AM (PST) my guest will be securities attorney Brett Sherman. We will discuss the collapse of Bear Stearns, and learn what Brett Sherman is doing on the behalf of the former employees of what once was the 5th largest investment bank in the world. "In 2006, total compensation for five Bear Stearns senior executives, including CEO Jimmy Cayne, exceeded the payrolls of the NFL's New York Giants and MLB's Philadelphia Phillies. The payrolls of these two professional sports teams make for a particularly interesting comparison with the total compensation that was wasted on Bear Stearns’ five executive officers in 2006 (which blew away the money the Giants spent on their 50 plus players and the combined salaries of more than 25 Phillies)." "What's our point? Well, only two years later, in 2008, the Giants won the Super Bowl, the Phillies won the World Series and Bear Stearns was out of business." Brett Sherman