Panel 1
Investment banking
Disaster story
Merrill Lynch
CEO John Thain
âMr Fixitâ
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
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.
linuxluver 3 years ago
some very unhappy people out there
faramir44 3 years ago
Very nice job of reporting!
barbaglia111 3 years ago
does ASB have any exposure to CDO's or CDSs' ?
DavidAKZ 3 years ago
Another excellent synopsis.
EVCarolina 3 years ago
America will turn on these people after losing there houses jobs and retirement funds. They will want to blame someone.
keithholden 3 years ago