Monday, December 08, 2008

Chuzpah Dept.

Remember my post the other day about cutting banker pay? Well, here's why I say things in this country are fundamentally out of whack, and may in fact require a solution like the one that Mick calls for: John Thain, the boss of Merrill Lynch--which lost $11B over the last year, necessitating a firesale of itself to Bank of America for about ten percent of what it was worth eighteen months ago--just informed his board of directors that he believes he deserves a $10,000,000 bonus this year.

Are you fucking kidding me?

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