Good memory..this was a huge black eye for Lazard who was ITT’s banker. Also, random fact the story was broken by @brithume
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God so was I. That makes two of us.
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History rhymes...
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Back of the napkin math says that should have inflated to about $2.5 million. They got through on 20% of what they did w/ Nixon era cash. That's shareholder value right therepic.twitter.com/jzAkk0Ypn8
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