Saturday, January 24, 2009

Merrill Lynch paid Thain more than $83 million in 2007

Something is wrong when a guy can collect this kind of money while drivng a company into the ground. And what about his giving out all that money in the 4th quarter as bonuses. Government often imposes new taxes retroactively so that they hit previously earned income. How about a 50% tax on all Wall Street income earned in 2008 that exceeds $1.0 million for those employees working for firms that took TARP money. Yea those impacted might complain but isn't everyone else.

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