Thursday, February 03, 2005

Here's what we got for $52,999,999

While my question (1/26/05 posting) on the results of the $53 million investor education program was in part rhetorical, an answer appeared in this morning's WSJ. George Daly, director of the Investor Education program resigned. The Fund's Board had been anxious to develop the program but George, who was hired in March, failed to deliver any detailed plans or reports. He was apparently too busy negotiating a midtown Manhattan lease from one of the banks involved in the settlement! So far nothing! ... Charles where are you?

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