Wall Street Journal (April 30)
“It is good to push racism down when it rears up in such a public way.” By suspending the owner of the LA Clippers for life, NBA Commissioner Adam Silver handed out a harsh sentence to a tarnished Donald Sterling. “The widespread public revulsion over Donald Sterling’s truly stupid private remarks and the punishment imposed on him by NBA Commissioner Adam Silver show that holding racist views will cause you to be drummed out of the public sphere.”
Tags: Adam Silver, Commissioner, Donald Sterling, LA Clippers, NBA, Owner, Public, Punishment, Racism, Revulsion, Sentence
Boston Globe (October 17)
Galleon hedge fund founder Raj Rajaratnam received the longest insider trading sentence ever meted out in the U.S. The Globe believes Rajaratnam fully deserves the 11-year jail sentence. “Markets are built around principles of fairness and disclosure. Insider trading perverts these principles and tilts the playing field against average investors…. Rajaratnam’s actions were a fraud on the market and an insult to every other investor who played by the rules. His was a crime with millions of victims, and his harsh punishment is entirely appropriate.”
Tags: Galleon, Insider trading, Jail, Rajaratnam, Sentence, U.S.
