'ONLY FOR PROF. DWAYNE MCFEE'
lucifer morning
A
To: Mr. John Tuld
From: Brittany Wilson
Date:513012013
Title: Sarah Robertson
It has come to my attention that you have made a decision to fire Sarah Robertson. I was very upset to hear about this news and do not agree with this decision. I trust that you have given this a lot of thought but let me explain to you why I do not agree. First and foremost it is important to recognize that Ms. Robertson has provided you with several warnings. She had given you plenty of information about the issues surrounding the mortgage back securities. Ms. Robertson had referenced this information to you about a year ago, far enough in advance to take care of the situation. I also believe it is your responsibility as head of the company to catch these errors, since you said it yourself you are paid the big bucks to predict where the market is going in a couple of days, 1 week, or I month. Furthermore, your decision to let Ms. Robertson go because you need a head to feed to the traders on the floor and the board is morally irresponsible.
$b. Robertson and Mr. Cohen understood the ramifications when buying the mortgagg^ securities. Before the board meeting that resulte
Li1.ufire sale, she continu", to uri@'/
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Cohen how they are going to deal with the situation.16ry{Coh.n made is very clear that he was not going to take the fall. They both knew that the rn*fittg was not going to end well but I
Robertson truly made an qfort to address this situation. In my opinion, Her general concern for the
company's financial siffiionE I believe that if you took her advice to review the books and verift her inquires the fire sale may not have happened. With all due respect this is not entirely her fault.
,.- Again I want to reiterate that you too were made awzre of this situation.iMs. !.obertson tried to convince you that there were potential problems if we kept the mortgage-baCi< securities on the books for too long. This should have been your opportunity to listen to Ms. Robertson and recognized that this was a potential threat for the company. An ethical CEO would have dove into the issues head on and taken charge of the situation. Instead you decidecl to ignore the wamings and cash in on the mortgage back securities while it lasted. Your careless decision making is what caused this mess in the first place. Mrs. Robertson should have been the last person to be fired.
Last but not least, your reasons for letting Mrs. Robertson go were outrageous. you refused to be the one blamed for the fire sales and instead of doing what is morally right, you hid behind your own employee. I believe you should stand behind your decisions and tell the truth. In the long run you a"re better off being forthcoming with this information rather than hiding behind others. I urge you to reconsider your decision to fire Ms. Robertson; her reputation will be
female employee, sh-is not taken seiib
tamished by this irreversible judgment call. @*o