From the “you can’t make this stuff up” department:
[BP CEO Tony] Hayward took a break from overseeing the energy giant’s efforts to contain the undersea leak so he could watch his 52-foot yacht “Bob” participate in the J. P. Morgan Asset Management Round the Island Race.
If you put that description in fiction people would say: “the J. P. Morgan reference is too much; your satire is too heavy-handed.”
[…] Bobbing Along on the Beautiful Briny Sea. Roderick, Austro-Athenian Empire (2010-06-19). From the “you can’t make this stuff up” department: [BP CEO Tony] Hayward took a break from overseeing the energy giant’s efforts to contain the undersea leak so he could watch his 52-foot yacht “Bob” participate in the J. P. Morgan Asset Management Round the Island Race. If you put… (Linked Saturday 2010-06-19.) […]
The plutocracy never fails to make me facepalm.
I don’t get the reference to JP Morgan…
I’m guessing it’s something to do with his famous observation about the prices of yachts “If you have to ask, you can’t afford it.”
The race is sponsored by the Morgan company.
If you read any Rothbardian take on history… or really any sort of non-laudatory history…