Tuesday, February 03, 2009

JON STEWART NAILS JOHN THAIN

Thain was the MOTU who headed Merrill Lynch as it lost $27 billion. He defended paying bonuses despite that massive loss (from Bloomberg):
“If you don’t pay your best people, you will destroy your franchise."

Jon Stewart had a great response:
“You don’t have ‘best people’!” Mr. Stewart shouted. “You lost $27 billion! Do you live in Bizarro World?”


Here's the video clip:

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