Jeffrey Werner, treasurer of GECC between 1988 and November 2001, was not one to mince his words. It was at a Euromoney conference in 1992 that the ex-Navy man and Harvard graduate laid down the law to investment bankers. "It is my job to fund our assets as cheaply as possible," he reminded his audience. "It is not my job to provide liquidity in markets. It is not my job to develop the market in Europe... And finally it is not my job to provide investment bankers with vacation villas and BMWs."
June 20, 2003