by Pete on January 23rd, 2009

Pete

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Can you believe that John Thain, Merril Lynch CEO, paid 15 billion in bonuses to its executives in December at the same time that Bank of America, which now owns ML, got an additional 20 billion from the U.S. to shore up its capital base?

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Answers. 3 helpful answers below.

  • by Mephistopheles on January 23rd, 2009

    Mephistopheles

    Yep, I believe it. I also believe the fact that they're all saying that they have no idea where the money they got is going to (although they know and I know and you know where it's going to). I also saw something in the news today about this same dude (I think) blowing about 1.5 million in decorating his office. It must be nice to have friends in the White House, eh?

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  • by Moongrim on January 23rd, 2009

    Moongrim

    never underestimate the sheer gall of rich folks

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  • by baseballkidd on May 11th, 2010

    baseballkidd

    and we thought the government was looking out for our best interests.

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