theBZA
2008-04-17 20:10:46 UTC
Merrill-Lynch posts a $1.96 BILLION (that's with a "B") loss in just the
first 3 months of the year. They've taken $30 BILLION (that's with "B")
in write-downs in the last 9 months - that's $10 BILLION in write-downs
a quarter for the last 3 quarters. They announced nearly 4000 job cuts
slated for the next 9 months (which they estimate will save $800
million, with an "m", in compensation outlays - that saves them 2.7% of
what they've been losing for the next 9 months - wow - wouldn't want to
consider cutting the CEO's salary would they?). Speaking of the CEO, for
all his fine work running Merrill into the ground, he was rewarded with
just under $30 BILLION - yes, Billion with a "B" and yes, that means his
salary and his salary alone is exactly equal to the company's losses for
the last 9 months. Only in George W. Bush's America.
--
There are hills and mountains between us
Always something to get over
Needless to say its a wonderful day
I just noticed how nice it was to know ya
Oh but be ready to sacrifice
If you love him you should tell him twice
Because when everything thats alive ultimately dies
Oh lord... Dont be surprised
- Gnarls Barkley
first 3 months of the year. They've taken $30 BILLION (that's with "B")
in write-downs in the last 9 months - that's $10 BILLION in write-downs
a quarter for the last 3 quarters. They announced nearly 4000 job cuts
slated for the next 9 months (which they estimate will save $800
million, with an "m", in compensation outlays - that saves them 2.7% of
what they've been losing for the next 9 months - wow - wouldn't want to
consider cutting the CEO's salary would they?). Speaking of the CEO, for
all his fine work running Merrill into the ground, he was rewarded with
just under $30 BILLION - yes, Billion with a "B" and yes, that means his
salary and his salary alone is exactly equal to the company's losses for
the last 9 months. Only in George W. Bush's America.
--
There are hills and mountains between us
Always something to get over
Needless to say its a wonderful day
I just noticed how nice it was to know ya
Oh but be ready to sacrifice
If you love him you should tell him twice
Because when everything thats alive ultimately dies
Oh lord... Dont be surprised
- Gnarls Barkley