Monday, December 14, 2009

Guy Hands, Sour Grapes


Well, Well, Guy Hands you don't give up easily. Seems your company Terra Firma is suing Citigroup over the purchase of the EMI music company. You claim the banker, who lent your company money to buy a wonderful company back in 2007, lied to you. Your law suit also alleges that naughty Citigroup isn't lending EMI any more money so those sleazy bankers can make more money from patient Edgar Brofman's Warner Music Group by letting EMI go broke. Is this sour grapes Mr. Hands? Guy, I told you, you were in over your head. Your company paid too much, the economy tanked, and you don't know anything about the tricky music business. This Robert wonders, maybe Citigroup is right, someone else should be running EMI.