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Tuesday, October 25, 2005

The Corporate Lap Dance: Going All the Way for Your Clients
“According to American Express, Savvis CEO Robert McCormick rang up charges of $241,000 in a single visit to a strip club while entertaining a small group of business acquaintances. The bulk of the charges were for tips that McCormick gave to lap dancers who were entertaining his party in a VIP room known as the President’s Club, according to Scores spokesman Lonnie Hanover.” MSNBC

So I have a few questions for Mr. McCormick. At what point did it seem like a good idea to go and get lap dances on your investor’s dime? And why would you not pay the bill knowing that this could go public and again hurt your investors? I guess $241k isn't that much for a lap dance and no accountant is going to notice that amount of money missing? No surprise your stock is trading at $.60 a share down 80% over the last 3 months. I guess $241k in lap dances isn’t quite as excessive as a $6000 shower curtain was in other news.

Consumer confidence declines unexpectedly
I read this headline today and thought unexpectedly? What the … Who the hell didn’t see this coming? Al Greenspan where were you on this one? Consumer confidence didn’t fall unexpectedly; the greedy oil/gas bastards killed consumer confidence with outrageous pricing. Ripping off the public by raising gas prices over 60% in a few short weeks certainly didn’t contribute to the problem. The gas companies are announcing record profits for Q2 and Q3 but for some reason the consumer confidence declined unexpectedly. I guess nobody saw the fact that the gas companies have been bilking the public of their extra income sending the economy into a recession. All we hear now is how high heating oil and natural gas prices will be this winter because there was a hurricane in the summer. Does any one else suspect collusion?

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