``"I want to tell you something, a lot of people in the business community are totally fed up with what's going on in the financial services industry," Gerstner, the former chairman and CEO of International Business Machines Corp. (IBM), said to widespread applause (which was a bit surprising given the high percentage of island residents who are financial service professionals).

"Nobody on this stage is going to defend everything that goes on in business," Gerstner added, criticizing in particular the "golden parachutes" that so many "idiot CEOs get when they get fired."''

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