Tuesday, February 17, 2009

Active Corporate Sponsor

A lavish spender, Stanford owns a number of private jets. His companies have been big corporate sponsors of professional sports teams and charitable causes. Stanford and his employees also have contributed heavily to political campaigns over the years. The firm also has spent a great deal on its many offices—and refers to some of them as "temples of finance."
Former brokers say they never understood where the company got all the money to pay for the sponsorships and fancy office digs.

(It's like eating the cake and having it too...)

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