Friday, January 23, 2009

Can we bring back tar and feathering?

I've got the perfect candidate -- John Thain, who used to run Bank of America and was fired yesterday for accelerating annual bonuses to his people so they'd get them before the auditors found out how much in the hole BOA was, AND, who spent lavishly redecorating his office while the company was going down the tubes. As someone in the financial world said to me yesterday, "You give people bonuses to keep them from being tempted to find a better job at a competing firm. But where is there to move to on Wall Street at this point? People are just hanging on to the jobs they have hoping they're not going to be laid off like everyone else."

1 comment:

cyradaria said...

Don't you find him rather creepy if he's the one I'm thinking of?