HOW GREED OVERCAME CHARACTER...

For many years after the continuous attack on my credibility from some of my former senior executives at Alliance Bernstein (formerly S.C. Bernstein & Co.), I made very serious efforts to maintain a personal relationship with some of them. It was kind of like a "forgive and forget" and move on with life.

Finally the obnoxious comments of Roger Hertog at a dinner with our wives was the last straw in forgiving and forgetting. If it wasn't for Roger's inflammatory comments about my personality, the blogs that I have written probably would have never been done.

Ethics is a strange thing. It can be used to cover up subtle unethical behaviors, and when truth be told, it's characteristic to cry "How could you do that to me?"

I wasn't just an employee at S.C. Bernstein, it was my company and a significant loophole in the corporate papers, was turned against me by two greedy associates.

As fate would have it, I received a call from Sanford Bernstein's brother, Paul Bernstein. He informed me of how he was writing a book about his life with his brother and will be coming down to Florida to interview me. He assured me of his integrity and positive intentions. (He has never shown up or called again.)

When he called he reminded me of a totally true story, that many of you will think is inappropriate to publish. It is a small truth about a wicked man, who in his later years seemed to hide behind religious activities to cover up his abuses of other human beings, many of which I was personal witness to. Whereas Roger Hertog and Lew Sanders, appeared to stand in the background, seemingly afraid to raise their voices.

When Paul phoned he recalled his humiliation when his brother, who was then CEO of the company, took out his private parts, and p----d upon his desk in front of other employees.

Paul's story reminded me of a time when this same Bernstein, at a corporate party, took out his private parts in front of woman for reasons that you can analyze on your own. Several partners of the firm thought this was funny and that it was just Bernstein. Please note in the Bernstein eulogies by Hertog and Sanders,(earlier blog) the comments about his continual use of vulgarity and sexual innuendo. This was the real Bernstein, this is a small part of what I dealt with as President of the company, all else is tragic.

I certify this to be true.