Topic: David Saltzman

The 12-12-12 Concert for Sandy Relief is criticized as a "circle jerk" for wealthy elites rather than an effective charity event. Financial analysis of the Robin Hood Foundation's Form 990 reveals high executive salaries, including over $1.2 million for CEO David Saltzman, and millions spent on "entertainment" for the performers. The hosts argue that the $50 million raised is a rounding error for sponsor JPMorgan Chase and that the funds are often invested in limited partnerships rather than distributed directly to victims.