• Mood: annoyed

LOLFatcats: I can haz 10 mln dlrz plz?

Merrill Lynch CEO John Thain wants a bonus of ten million dollars this year after his company narrowly avoided bankruptcy by being bought by Bank of America.  Because as the captain of a sinking ship, he helped get help.  So he should get a lot more of the help than everyone else, right?

BTW, how much is he getting a year anyway for just doing his job, if $10 million is just a bonus?  Wouldn't keeping the company afloat be part of his job, and not something he gets extra credit for?

http://news.yahoo.com/s/nm/20081208/ts_nm/us_merrill_bonus


Update: NY Attorney General Andrew Cuomo wants answers as to why any company getting bailout money can justify distributing it as hefty bonuses:

http://dealbook.blogs.nytimes.com/2008/12/08/cuomo-urges-merrill-to-reject-bonus-for-thain/


Looks like the media's found someone new to Lynch.