Monday, December 8, 2008

All Hail the Idiots...

Apparently, Merrill Lynch's CEO John Thain thinks he's done such a bang up job this year that he deserves a $10,000,000 bonus.

That's right, folks. He wants $10,000,000 for selling his company to Bank of America after guiding it to an almost $12,000,000,000 loss. See that extra set of zeros? That makes it nearly 12 BILLION dollars he shepherded down the toilet.

But it gets better! Apparently, he originally asked for $30,000,000 and has come down to to $10,000,000. WTF?

This guy is CEO when Merrill Lynch, one of our nation's former major financial services companies that's been around for 80 years, tanks. And now he wants $10,000,000 for heading this cluster fuck.

THIS is what is wrong with America. This idea that you are owed major compensation as the executive of a major corporation no matter how well or how poorly that corporation performs. That in order to attract the "best" you have to pay them exorbitant amounts of money. Well these so called best have FUBARed the situation so badly that we the taxpayer are having to save their asses. And now they want a tidy little bonus 'cause they did their jobs so well.

Well, I have something to say to you, John.


And you can take that to the bank, asshat. Maybe it will keep you warm this winter.

1 comment:

Chris said...

Amen to that one...I think you said it!