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If you're anything like me, you'll suddenly discover that a thin layer of slime has covered you while reading this story: Former Merrill Lynch boss appointed CIT chief (bbc)
I'm not going to spend much time explaining why John 'How About Some Bonuses!' Thain costs taxpayer dollars. I already have. (twice)
But I will say this: He's gonna fit right in at CIT. These people know a thing or two about making taxpayer money disappear. Literally.
THIS is whyipaytaxes.
It should be mentioned that they are paying this man $6 MILLION a year. Some of that pay is in delayed stock but I'm not sure that is an appropriate amount to pay someone whose previous position was at the helm of a company he drove into the ground while lying to the shareholders in order to ensure BILLIONS of dollars in bonuses for him and his cronies.
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2 comments:
Isn't insanity doing the same thing over and over again expecting a different outcome?
And so the upper class circle jerk continues.
It's time for a revolution. Where's our Che? Our Castro? Our modern Franklin & G. Washington? I've always liked the French revolution- they used those handy additions to last name as a selection device...any "van der" or "von" is up against the wall. Wonder if we have a modern equivalent that could make the whole process much more efficient. Any ideas "whyipaytaxes" blogger?
Dogma Style... Get 'em in the board room...
Or golf courses.
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