Fortress: How Dare You Denigrate Our Losses By Calling Them Losses
“I think that the use of the word loss in this case is pejorative and actually not at all accurate,” sniffed [Fortress CEO Wes] Edens to Rashad Fonti, analyst from Citigroup, when the matter of FIG’s public portfolio holdings falling from $7.18 billion to $765 million was brought up in passing.
Fortress CEO to analysts: We don’t call them “losses” [Reuters]