Mark Getty Quotes
The onus should be on the banks and their compliance officers to ensure the analysts are kept separate from investment banking and they should be punished for breaches.
Mathiason, Nick. "Getty takes a pop at the City's 'nerds'." The Observer, Guardian News & Media, 22 July 2001.
Greenspan and some others assumed that the shareholders and the executives who ran the financial institutions had the same vested interests. But the executives had disconnected themselves from the fate of the shareholders, by having Golden Parachutes to protect the executives even if the business failed and they were fired. And they got their bonuses immediately so by the time the authorities and the shareholders discovered that the profits the bonuses were paid for were illusory, the bonus money was safely stored in a secret offshore bank. But if things went wrong, there was always the play of getting a government bailout which would keep the executives getting their huge bonuses and keep the shareholders from losing their money as the taxpayers covered most of the losses.
Mark Harris Getty, KBE is an Irish businessman and is co-founder and Chairman of Getty Images. He is the son of Gail Harris, and Sir John Paul Getty. He has four children, Alexander, Joseph, Julius and Sol. Getty is married to Caterina Nahberg. They live in Rome.