Financial Services for the Greater Good

TIAA-CREF's Herb Allison is buying Phil Donahue's Westport, CT mansion
for $25 million dollars. http://snipurl.com/pxzp

Check out TIAA-CREF's statement "What We Believe" from their website:

Apparently, they provide long term financial solutions for the greater
good "of all of us". They do this by ".....staying true to our
lengthy non-profit heritage, which mandates that we put the long-term
best interests of our participants ahead of our own...".

Come on now. Someone who works for them can buy a $25 million dollar
house and that is staying true to their non-profit heritage?

For what it is worth, what TIAA-CREF does, according to a pitch I sat
in on recently, is they take the money into their non-profit
organization, and then sub out the work to for-profit arms that they
control... at least for the private equity funds that is what they do.