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Assume the risk, you have to have your own money on the table. how much did he have? not much! right. if you had 90% of your net worth in that company, would you take those sorts of bets? that s not capitalism. the point of my book is capitalism didn t get us where we are today, but a lack of capitalism. and the root of that is the ill-conceived incentives. he was not incentived to act as a stuard of this company so stld last for generations. what he news to do and the ceos today need to do is act as stewards, something bigger than yourself. like you re managing a national forest. mf global had a big forest fire and it destroyed it. one question and i ll release you to the panel. in the late 90s, we watched the advent of technology in the financial services universe. it annihilated the traditional profitability of stock trading. it annihilated bond trading, bloomberg terminals. it annihilated all sorts of traditional profit models. so the choice on wall street either was to ta ....

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