RE:RE:CEO Pearson exhibits extreme greedmecheng wrote: you're an idiot. did you even read the news release and what he used that money for? he borrowed 100 mil from GS.. he didn't buy 100 mil worth of shares (he bought some, but also spent the money on other stuff - ie, charity). Pearson has never sold any shares before this margin call.
i tend to agree with the OP. I mean who borrows money to give to charities? Obviously the statement was drafted by clever lawyers - maybe of the $100M he gave 10k to charities. Regardless, why does a guy of his means have to borrow money period? So many of these uber-rich guys are greedy - rather than be satisfied living in a $10M home that they can pay cash for, they spend $100M and and take out a $90M mortgage. Quite sickening....