“Every day is a battle: think about the firm, do the right thing, protect your client, protect the firm, be in it, be a good team member.” Preliminary Second Quarter Financial Results Adjusted net loss of $6.3 billion, reported net loss of $15.5 billion.Results impacted by $9.1 billion of predominantly non-cash special items Along the way, he made his staff both wealthy and happy: until yesterday, morale at … was high He tough-talked his way to the top and turned a $102 million loss in 1993, the year before he took over as chief executive, into a $4.2 billion profit last year. he was confident that …sound even as the bank posted a second-quarter loss of $2.8 billion, caused by bad mortgage investments. But on Sept. 16, … filed for bankruptcy and began sliding toward an eventual liquidation. excessive pride or self-confidence; arrogance…… is broken and shell-shocked. He has lost a fortune, but for such an ambitious man, the biggest loss is to his pride
the unchecked follies of some individuals the unfounded ambitions The man made tremors and hurricanes What’s the solutions for a man who gets ground? How will those poor fellows get the security and comforts they planned for years?