Merrill Lynch - CEO Royalties (freaks)

[Shiva]

I was watching this documentary on Good Morning America where it was reported that The CEO of Merrill Lynch was redecorating his office while his company was going bankrupt, and its employees being fired. Wana know how much he spent for that?






























1.2 Bn$
(just for his office!!!!!!!!!!!!!!)















Nobody told him to get real???!!!!

Can we qualify this as a "waste of money"? I mean DAAAAAAMMMMMMN!!!!!

[Localizer]

Re: Merrill Lynch - CEO Royalties (freaks)

Not exactly sure how much he spent but we breed some of the most corrupt politicians and business people alive. Actually, the politician part might come second to the ruskies.

[Miroslav]

Re: Merrill Lynch - CEO Royalties (freaks)

1.2 Bn$
(just for his office!!!!!!!!!!!!!!)

I think you mean $1.2 million - but still doesn't change the point that it was an inappropriate use of money, especially at a time like this. The guy is scum - he's the same one who fought for his bonus this year and who paid out a bunch of multimillion dollar bonuses to his top friends just recently before he was fired.

[runningman]

Re: Merrill Lynch - CEO Royalties (freaks)

no I'm sure people on here will validate that the bank robbers needed this to free up credit..

Does anybody believe me yet that this is nothing more than a bank robbery??

[Miroslav]

Re: Merrill Lynch - CEO Royalties (freaks)

^^ just to be clear: I'm sure not validating it... and he was rightly fired this past week.

[floridaorange]

Re: Merrill Lynch - CEO Royalties (freaks)

The following is a list of the items in his suite:

Area Rug $87,784
Mahogany Pedestal Table $25,713
19th Century Credenza $68,179
Pendant Light Furniture $19,751
4 Pairs of Curtains $28,091
Pair of Guest Chairs $87,784
George IV Chair $18,468
6 Wall Sconces $2,741
Parchment Waste Can $1,405
Roman Shade Fabric $10,967
Roman Shades $7,315
Coffee Table $5,852
Commode on Legs $35,115

[labmonkey]

Re: Merrill Lynch - CEO Royalties (freaks)

Time is not money!!!!!!!
Time is art

[Shiva]

Re: Merrill Lynch - CEO Royalties (freaks)

I think you mean $1.2 million - but still doesn't change the point that it was an inappropriate use of money, especially at a time like this. The guy is scum - he's the same one who fought for his bonus this year and who paid out a bunch of multimillion dollar bonuses to his top friends just recently before he was fired.

1.2 Million? Yea, might have been 1.2 Mn, or Bn, really doesn't change anything. It is just crazy!

[simonr]

Re: Merrill Lynch - CEO Royalties (freaks)

$35k for a commode ... surely he already has an Executive bathroom !

[Kamal]

Re: Merrill Lynch - CEO Royalties (freaks)

$35k for a commode ... surely he already has an Executive bathroom !

C'mon si.... its a commode on "legs". Just a dig a hole in that $87K rug and shit in it imo

[Miroslav]

Re: Merrill Lynch - CEO Royalties (freaks)

now he says he's going to pay for it:

http://dealbook.blogs.nytimes.com/2009/01/26/thain-defends-actions-but-will-pay-for-renovations/?ref=business

interestingly enough, his personal chauffeur made $230K under him:

http://www.usnews.com/blogs/the-inside-job/2009/01/22/john-thains-driver-made-230000-last-year-report.html

[runningman]

Re: Merrill Lynch - CEO Royalties (freaks)

also it seems like every executive from either Lehman or whoever has sold their houses ($13 mill) for either $100 or $10 to their wives. Crooked fuckers they should all go to jail.