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Who Would Hire Richard Parsons To Represent Them Doing Anything?

Lazard (NYSE:LAZ) would. They just put him on their Board of Directors.

This is the same guy who famously bought AOL when he was running Time Warner and lost the shareholders money.

Then he was on the Board at Citigroup and signed off on their choices pre 2008 that required a bailout.

His reward for driving Citigroup into the ground was to become their Chairman when the previous Chairman had to step down for driving the firm into the ground.

He finally leaves Citigroup, and now Lazard asks him to be on their Board. He must have a "reality distortion" field around him for anybody to listen to the guy since he has been a complete disaster for any and all shareholders.

Warning to LAZ shareholders - vote down the entire Board while your position still has value.

Estee Lauder (NYSE:EL) shareholders - warning - he's on your board too.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.