Thursday, July 05, 2012

Bob Diamond and Robert Maxwell

Andrew Neil's tweet reminds me of Auberon Waugh's comment on Robert Maxwell:
I do not understand why he was ever considered a good businessman. His saintly wife, Elizabeth, whom he married in 1945, brought with her a dowry of £150,000, say £2,400,000 at today's values ... 
In a lifetime of business activity he managed to convert this modest fortune of £2,400,000 into a debt of $2 billion. Is this the sign of a good businessman? 
When I ask why the beautiful and blameless Elizabeth stayed with such a ruffian for so long, my ever-practical wife suggests that she was hoping to get her money back.

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