Despite cuts across the Street, financial institutions and their employees continue to take their share of criticism for their pay practices.Today, The New York Post has a story that offers an example of how some of the furor might be mitigated.
The Post reports that Park Avenue resident Alan Meltzer left $1.5 million of his $10 million estate to his driver and doorman.
The pair had only good things to say about their former boss:
“I don’t know what to do exactly with the money, but one thing I know for sure — every year, I’m going to bring the guy some flowers at his grave,” said suddenly rich chauffeur Jean Laborde, who received $1 million…”He was always joking. He never looked down on anybody…”He was such a nice guy. He left me money, but it’s not a good deal for me because it means he’s no longer here.”
“I appreciate it,” Demiraj [Meltzer’s doorman] said. “He was a generous guy. He was a really good friend of mine, and I was a good friend of his. It’s a surprise. Peace and rest to him. That’s all I can say.”
Less pleased was Meltzer’s ex-wife:
“He can leave it to whoever he wants to…I’m doing fine. I could care less…If he wants to give it to the bums, he can give it to the bums. He could f–k a nun. I couldn’t give a s–t. He can give his money to whoever he wants. We’re divorced. The man is dead.”
Winning over the public by showing gratitude to the common man and massively displeasing your ex-wife?
I can’t think of a banker in New York who wouldn’t want to follow Meltzer’s example.