As Rome Burned - John Thain Bought New Fiddles
This is an outrage. Did anyone at Merrill Lynch have a clue about fiscal responsibility? I have discussed the bonuses paid to the prior chief at ML before, Mr. $160 Million. Now, we find out that John Thain spent $1.3 million on himself.
The Daily Beast reports that Thain spent foolish amounts of money on ego-stroking items like "relamping wall sconces" for $3,000 and a rug for $87,000. I wonder how many people had to be laid off so that Mr. Thain could have a professional decorator make him feel better about himself.
Give me a break. No surprise that ML will disappear with the boneheads and egomaniacs that appear to have been in charge. We're bullish on America. Remember that slogan? How about we're bullsh__ing America? That's more like it.
That's the angry view from The Law Planet - Jupiter, Florida.
Brian F. LaBovick, Esq.
Esther Uria LaBovick, Esq.
Marcie Dodson, J.D.
Rafael M. Diaz, Esq.
Mark R. Hanson, Esq.
Joseph R. Fields Jr., Esq.
Tara L. Kopp, Esq.
Warren Q. Peebles, Esq.
Joseph T. Zebrowski, J.D.