In an interview with Maria Bartiromo on CNBC, Thain used the specious, contemptible reasoning that other executives use to rationalize why they’re keeping their bonuses as profits are plunging.
“If you don’t pay your best people, you will destroy your franchise” and they’ll go elsewhere, he said.
Hello? They destroyed the franchise. Let’s call their bluff. Let’s see what a great job market it is for the geniuses of capitalism who lost $15 billion in three months and helped usher in socialism
Wednesday, January 28, 2009
Gotta Love Maureen
I can't say it any better than Ms. Dowd and her Op-Ed piece from yesterday. One of the best parts cited that Wall St. cretin, John Thain being interview by Maria Bartiromo of CNBC:
You go, girl!