Word: jett
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...after story deplored America's lack of racial progress since the U.S. Supreme Court struck down segregation with that landmark decision. Somehow all the hand-wringing analysis overlooked a small but telling example of how far some blacks have come during the past four decades: the case of Joseph Jett...
...Jett is a 36-year-old Harvard Business School graduate who has been accused of bilking the Wall Street firm of Kidder, Peabody by concocting untold millions in "phantom trades" during the two years he served as head of the company's government-bond trading desk. The allegedly fictitious transactions, which were discovered in April, bloated Kidder, Peabody's bottom line by $350 million and earned Jett $9 million. He was dismissed, and the company filed suit against him to get back the money. He has denied any wrongdoing and filed a countersuit against Kidder, Peabody...
...editorial in Barron's, the financial weekly, Joe Queenan ridiculed Jett's insidious appreciation of European culture: "Accused Kidder trader was a fan of Nietzsche, for goodness sake." Queenan's amusing editorial argued that the only difference between Jett and all other Wall Street traders was Jett's keen interest in Nietzschean philosophy...
According to Queenan's analysis, Jett's love of Nietzsche reveals a "glaring dysfunctional personality trait" which indicates "colossal dishonesty." In Queenan's philosophy-free world, Nietzsche is "the deranged proto-Nazi most celebrated for the theory...that the Supermen will one day rule the world." After a couple of selective quotes, Queenan's point becomes clear: anyone sick enough to read Nietzsche must be a lying thief...
...Joseph Jett really appreciated Nietzsche's message, he would have been a paragon of brutal honesty. So does that make Wall Street an appropriate destination...