The Week in Words: Puking up Facebook stock; getting back his oval

Inquirer Staff Report
The face of Facebook on the stock’s second day of trading, when the stock price took quite a tumble. RICHARD DREW / AP Photo
The face of Facebook on the stock’s second day of trading, when the stock price took quite a tumble. RICHARD DREW / AP Photo
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"The guys who bought at $38 freaked out and you saw them puking the stock because they didn’t know why it was going down. There’s nothing fundamentally different about Facebook today from the night they priced it."

— Wedbush Securities Inc. analyst Michael Pachter, on the Facebook IPO. Though the stock fell on its first two days of trading, Pachter was still predicting it will rise.

"When we pledged the blue oval it was enormously emotional for me personally and for my family, because we weren’t just pledging an asset, we were pledging our heritage. To get that back feels wonderful and this is one of the best days I can remember."

— Ford Motor Co. executive chairman Bill Ford, on reclaiming the blue oval logo he put up as collateral for a company loan.

"If you looked at our profit-and-loss charts for the last three years, you would say, ’What recession?’?"

— Michael Araten, CEO at toymaker K’nex Brands L.P. in announcing that the company was moving a key operation from China to the United States.

"As the criminal CFO of Crazy Eddie, I walked old ladies across the street and gave huge sums of money to charity, while having no empathy whatsoever for the victims of my crimes."

— Sam E. Antar, speaking at a conference on white-collar fraud.

"What we need is a decisive plan for Greece, and we need decisive plans to help get the European economies moving. But if we’re not going to keep coming back and back to meetings like this, we also need to deal with some of the longer-term issues at the heart of running a successful single currency: having a bank that gets behind that single currency, having coherent long-term plans to make sure that single currency is coherent."

— British Prime Minister David Cameron as he headed to an inconclusive summit of European Union leaders.

"They hold Germans responsible for all their misery. You want to go on holiday to have a comfortable break, not to be lynched."

— German taxi driver Rudolf Kugel, who said he visited Greece more times than he can count, but won’t be going again soon because he’s worried about the reactions of Greek locals.

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