R.C. Lim, Attorney and Counselor at Law

Another Bank That’s Too Big To Fail!

Colonial BancGroup controls 25% of today’s warehouse lending market. Pretty scary.

Gordon Ramsay’s An Ugly Cow

The newspapers of the world are awash in ink telling the tale of how celebrity chef Gordon Ramsay was nearly forced to file for bankruptcy protection. If you know anything of his meteoric rise, you know that he has established a global restaurant empire in short order.

Five years and twenty restaurants.

These were not smart, low-risk expansions through licensing deals, like other celebrity chefs have done. He has done it by leveraging both his successful franchises and his name. If you’ve seen him on tv you well know, his appetite is large and his maliciousness is even bigger.

Here it seems he’s gone to the WSJ and tabloid news, not only to garner some more free publicity, but also to indulge his schadenfreude. While the seeming intent was to put a human face on the great Gordon Ramsay. It strikes me - someone who deals with much more deserving people in real life difficulties - a great sin when he searches for our collective pity at the loss of a Ferrari or London mansion.

I only hope that people read the article carefully enough to observe that Mr. Ramsay has admitted that part of his plan to save money includes stiffing diners on expensive ingredients, which he presumably still has every intention of charging them for!