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Oppenheimer Holdings Inc. Message Board

  • GeraldWl GeraldWl May 12, 2009 9:02 AM Flag

    CEO Lowenthal is a Liar

    He says he wants to become a US firm so he can apply for TARP. Then the day shareholders vote for rez to move to US, he comes out saying he doesn't plan on getting TARP. How self-serving and dishonest ccan one CEO be?

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    • I don't see any comments from the company that says they will NOT be accessing TARP anywhere. Where did you get this info? But assuming the CEO did have second thoughts regarding TARP funds...wouldn't you? Look at all the banks that did take TARP funds. They want to give it back and the government isn't allowing it. Double edged sword it seems. If he is having second thoughts I don't blame him.

      • 2 Replies to James92371
      • Here's the article where Lowenthal dismisses TARP, when it was given as the main reason for US move...

      • I agree with James…you call it a “double edged sword”… I call it the “white elephant” program…

        I disagree with Gerald….I’ve often mentioned their pool of conflicting ideas…but I don’t think this is one of them…it might have been a good idea a couple of months ago but not today…

        TARP has outlived its usefulness to the companies that have it. The money and wealth benefits that arise can be more than offset by its operational destruction…

        …companies become immobilized in totally unproductive channels…

        Moreover, innovation and risk taking should always be at the forefront of financial companies…

        And no matter how much money you’ve borrowed from the gov’t….brown bag breakfasts and bring your own lunch meetings is not the way business is run on Wall Street…


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