Man plans "extremely robust" response

From deep in an interview in today's Daily Telegraph with Man Group chief executive Stanley Fink:

Fink is sanguine about the [PAAM] episode, which has barely dented the company's shares. “This is just a brokerage issue,” he says. “We have 70,000 brokerage clients, to put it into perspective...

“We have an exemplary record and we are surprised at the extent of the publicity this case has got.” Man's response to the receiver is expected shortly and is likely to take an extremely robust approach.

From where I sit, Stanley doesn’t seem to get it. It’s a $175 million-worth-of-other-people's-money brokerage issue, and that’s a lot of money, even for the second most-highly compensated chief executive of a FTSE 100 company. While we all await with interest the extremely robust response to the receiver, Stanley’s dismissive attitude has him dicing with both a Moron du Jour Award and an upcoming episode of Games with Names (scroll down to Oct. 5 and Oct. 6), which is somewhere someone named Fink doesn't want to be. From where I sit.