Daily Archives: 09/23/2011

CLICO: Duprey bagged TT$1.1b before bailout

Duprey bagged TT$1.1b before bailout

By Stories by Joel Julien joel.julien@trinidadexpress.com

Story Updated: Sep 23, 2011 at 12:48 AM ECT

LAWRENCE DUPREY was paid $1.1 billion from the deposits of CLICO policyholders in the five years prior to CL Financial seeking a billion dollar bailout from the Government.

This was the claim made by Neal Bisnath, the attorney from CLICO, as he sought to tie up a couple of “loose ends” at the Commission of Enquiry into the collapse of CL Financial and the Hindu Credit Union (HCU) at the Winsure Building, Richmond Street, Port of Spain, yesterday.

On Wednesday, Bisnath said Duprey, former executive chairman of CL Financial, was paid a monthly income of $5 million by subsidiary CLICO.

In addition to his yearly income, Duprey was also paid multi-million-dollar consultancy fees throughout the year, Bisnath said. In 2007 Duprey was paid $90 million, Bisnath said then.   Continue reading

Tim Wise on the Creation of Whiteness – video

Tim Wise on the Creation of Whiteness

This is a clip from The Pathology of Privilege: Racism, White Denial & the Costs of Inequality, the newly released video from the Media Education Foundation. The video is of a speech given by Tim Wise at Mt. Holyoke College, October 1, 2007.

Also look at the other Tim Wise videos that follow this one.

  Tim Wise is among the most prominent anti-racist writers and activists in the U.S., and has been called, “One of the most brilliant, articulate and courageous critics of white privilege in the nation,” by best-selling author and professor Michael Eric Dyson, of Georgetown University. Wise has spoken in 48 states, and on over 600 college campuses, including Harvard, Stanford, and the Law Schools at Yale and Columbia, and has spoken to community groups around the nation.