John Thain & the commode

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Uploaded by on Jan 25, 2009

Panel 1
Investment banking
Disaster story
Merrill Lynch
CEO John Thain
‘Mr Fixit’
January 26, 2009




Panel 2
Merrill bonuses
US$15 bln
Merrill losses
US$25 bln
Then it unraveled
January 26, 2009




Panel 3
Office redecoration
Cost US$1.2 mln
US$35,000 commode
US$1,400 rubbish bin
US$10 mln bonus
He was sacked
January 26, 2009

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People & Blogs

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  • Looks like one last grab at the money pot is the revailing ethos in such circles. Even better if it is taxpayer bailout cash being divied up.

  • some very unhappy people out there

  • Very nice job of reporting!

  • does ASB have any exposure to CDO's or CDSs' ?

  • Another excellent synopsis.

  • America will turn on these people after losing there houses jobs and retirement funds. They will want to blame someone.

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