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janice shell

12/04/18 2:48 PM

#6180 RE: fung_derf #6179

It goes back even further than I'd thought:

Other people's money (OPM) may refer to:

A phrase of Adam Smith in The Wealth of Nations (1776) Book V, ch 1, §107, referring to how corporate directors will always be inefficient, because they preside over other people's money.
The Principal–agent problem in economics; the modern formulation of Smith's observation
Other People's Money And How the Bankers Use It, a 1914 book by Louis Brandeis
Other People's Money, a 1916 silent film featuring Gladys Hulette and Kathryn Adams
Other People's Money (play), a 1987 stage drama by Jerry Sterner
Other People's Money, a 1991 drama/comedy film based on the Sterner play, starring Danny DeVito and Gregory Peck
Other People's Money (novel), a 2011 novel by Justin Cartwright

https://en.wikipedia.org/wiki/Other_people%27s_money