November 29, 2007

A Stranger in the House of Ayer

THERE'S A PITHY ACRONYM in the blogosphere known as RTWT -- for Read the Whole Thing. Like many pithy acronyms, it is often watered down due to overuse, and so I make a point of hardly ever using it. But there are times when articles come along that are so well-written and so thought-provoking and so bloody interesting that even I feel compelled to say -- Read the Whole Thing.

Boston Magazine has published such an article -- "A Stranger in the House of Ayer." Consider it a cautionary tale. It's a story about an old and wealthy family worth some $600 million, the outside manager who had worked for them for decades, and the alleged siphoning of nearly $60 million from that fortune. The lesson I drew from this story? If you let somebody else drive your car, make sure you keep an eye on how they handle the wheel.

Posted by Benjamin Kepple at November 29, 2007 10:29 PM | TrackBack
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