Katzenberg on Madoff

Well, as you can imagine, he's pissed. The CEO of DreamWorks Animation lost a bunch of money from investments made with the alleged swindler. "This is extremely painful and humiliating for me,” Katzenberg told CNBC. "It has done extraordinary damage to my philanthropy." No details on how much he lost. As has been reported, Katzenberg said he hadn't even heard of Bernie Madoff until about three weeks ago, when the scandal blew up. The interview focused on stuff other than Madoff, so Katzenberg didn't say all that much. The WSJ has reported that his financial affairs have long been managed by Gerald Breslauer, who also does Steven Spielberg - and who himself probably sustained Madoff losses. In any event, Katzenberg was especially steamed at Madoff not being in jail.

That this man is actually walking free today I think is a disgrace. People who have done far less find themselves locked up in jail. And this guy is living in a $7 million apartment today walking free - there's something very, very wrong. ...It is something deeply wrong with our process and something we should all be ashamed of.

He's not really walking free. Madoff is currently out on $10 million bail, but confined to his apartment on the Upper East Side of Manhattan (he's wearing one of those ankle gadgets). Still, it's pretty ritzy living.