Thursday, December 07, 2006

The Real Reason Behind Robert Kelly's Sellout of Mellon and Pittsburgh

In Curious George books you have 2 main characters - Curious George and The Man in the Yellow Hat. In Pittsburgh, we had, or had, The Man in the Orange Polka Dot Tie, aka Robert Kelly, who until yesterday was CEO of Mellon Financial. In less then one short year, Kelly took the 137-year-old Mellon, one of Pittsburgh's most revered financial institutions, and sold it to the Bank of New York.

Why would Kelly do that to Mellon and Pittsburgh? We can only speculate, of course, but the Scott's Spot fashion department, a wholly owned subsidia
ry of Kaufmann'sHornesLazarusMayMacy's, is speculating that Kelly just couldn't find a decent place to buy a tie in Pittsburgh.

Here's the evidence: The photo at the left was taken at this past year's shareholder's meeting of Mellon Financial. The photo at the right was taken yesterday, when Kelly sold out Mellon and Pittsburgh.

There can only be one conclusion: Kelly wants to move to New York to buy a new tie, and who can blame him.


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