Famous Last Words

"As a result of the extraordinary growth at Merrill during my tenure as C.E.O., the board saw fit to increase my compensation each year.” — E. Stanley O’Neal, the former chief executive of Merrill Lynch, March 2008 Spunky's last post: http://streeteasy.com/nyc/talk/discussion/4601-according-to-economists-manhattan-re-actually-undervalued JuiceMan's happy agreement: "I have told steve[jhx] numerous... [more]

"As a result of the extraordinary growth at Merrill during my tenure as C.E.O., the board saw fit to increase my compensation each year.” — E. Stanley O’Neal, the former chief executive of Merrill Lynch, March 2008 Spunky's last post: http://streeteasy.com/nyc/talk/discussion/4601-according-to-economists-manhattan-re-actually-undervalued JuiceMan's happy agreement: "I have told steve[jhx] numerous times that his economic white paper and the rest of his "formulas" were broad based crap-o-la. You can't take general formulas and apply them broadly and expect credible answers, especially in high price markets such as Manhattan." LICC's happy post: "steve's and his lap dog Eddie's heads must be spinning right now. I like how a vice dean from Columbia Business School actually has calculated that New York real estate is 5% undervalued." Yup. UNDERVALUED 16 months ago. From which time prices are down 30%, at least according to Jonathan Miller. Oops! [less]