Re: Myron Scholes' day in court

2003-11-06 Thread Michael Pollak
On Wed, 5 Nov 2003, Carl Remick wrote: Boffo stuff, but what's the upshot? Is Dr. S. on food stamps now or what? Does that ever happen to rich guys? I remember when Donald Trump was $300 mln in the hole in the 80s. It never seemed to bother him so much as being $1000 in the hole bothered me

Re: Myron Scholes' day in court

2003-11-06 Thread Michael Perelman
I saw the rich kids documentary last night. Trump's daughter remembers going to Trump Plaza with Dad. Seeing a homeless person, he said that the homeless person was $2 billion richer than he was. She did not understand what he meant at the time. I met Scholes briefly before he was rich and

Re: Myron Scholes' day in court

2003-11-06 Thread Devine, James
Seeing a homeless person, [The Donald Trump] said that the homeless person was $2 billion richer than he was. it's easy for the rich to _say_ such things. Jim Devine [EMAIL PROTECTED] http://bellarmine.lmu.edu/~jdevine

Re: Myron Scholes' day in court

2003-11-06 Thread Michael Perelman
The movie is filled with such things. Young children taught about prenups. Poor people would not understand the problems that these kids face. On Thu, Nov 06, 2003 at 09:32:19AM -0800, Devine, James wrote: Seeing a homeless person, [The Donald Trump] said that the homeless person was $2

Re: Myron Scholes' day in court

2003-11-05 Thread Carl Remick
From: Michael Pollak [EMAIL PROTECTED] [This is hilarious. I missed it when it first came out, and someone just told me about it at a Halloween party.] New York Times July 13, 2003, Sunday A Tax Shelter, Deconstructed By DAVID CAY JOHNSTON ... Dr. Scholes has told friends that most of his wealth

Re: Myron Scholes' day in court

2003-11-05 Thread michael
DAVID CAY JOHNSTON has a new book on tax inequities, which should prove interesting. -- Michael Perelman Economics Department California State University michael at ecst.csuchico.edu Chico, CA 95929 530-898-5321 fax 530-898-5901

Myron Scholes' day in court

2003-11-04 Thread Michael Pollak
[This is hilarious. I missed it when it first came out, and someone just told me about it at a Halloween party.] [The highlights are as follows. Long Term Capital didn't just bankrupt itself by overplaying its arbitrage position. It was also very big on not paying taxes. So here is the great