Too Big to Fail - Negotiations on Preferred Shares and Dividends
Joe Gregory:
You heard anything from Buffett?
Erin Callan:
He's asking for preferred shares at 40, with a dividend of nine percent.
Dick Fuld:
We were just at 66! What-the-fuck?
Joe Gregory:
Maybe it's just an opening gambit, Dick.
Richard Fuld:
Sounds more like a goddamn insult!
Erin Callan:
Dick, we're at 36 right now. We haven't been anywhere near 66 in months. The markets like Buffett. His name will push the price up overnight.
Dick Fuld:
You know, I don't care who he is. I am not spending $360 million a year for the pleasure of doing business with him.
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