Thursday, July 26, 2012

How to feel very poor - not planning for legal expenses

The news of B. R. Raju's (Satyam fame)  legal bills made me feel really very very poor. That was an expense I had never even considered :( Neither had the idea of an insurance cover had never even occurred to me. This really affected my yard stick of the money one should have and my personal worth:
Tata AIG ... is footing his legal bill of Rs 60 crore so far, and will continue to do so till the court gives its verdict.
The following really rubbed it in :( the insider trading case of Rajat Gupta in the US, Goldman Sachs paid almost $ 30 million (around Rs 150 crore) for Gupta’s legal defence...

But in a world where we have "Betting on Death: Creepy or Not?", what else can be expected?

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