3/14/2008

What Spitzer got out of his demands on firms

This is the first that I heard that Spitzer would extort firms into giving Spitzer's friends important jobs.

Companies almost always agreed to Mr. Spitzer's demands that they pay stiff fines and change the way they operated -- all without any trials or judicial determinations that they had done anything wrong. "It became a kind of blackmail," Mr. Siegel says, "in which he said to companies, if you don't put my friends in high positions in your company I'll drag you through the mud." . . .

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