The Marie Antoinette CEOs


	The Marie Antoinette CEOs

masbury

1-28-2009 2:37 PM

295 views

tags:

thain, marie antoinette

masbury says:

Seeking big bonuses and luxury digs while not getting it that the era of dollars for ineptitude is over. This one might have become a McCain cabinet member.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/a7c926a9-3ac5-4498-98de-2a49d3f53647/F652599C-2E90-46C4-87BC-C9AF75F868FC/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.huffingtonpost.com/arianna-huffington/the-era-of-not-getting-it_b_161037.html" href="http://www.huffingtonpost.com/arianna-huffington/the-era-of-not-getting-it_b_161037.html" style="font-size: 11px;">www.huffingtonpost.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/arianna-huffington/the-era-of-not-getting-it_b_161037.html">my conservative pal Tony Blankley made the perfect comparison:  "Thain and these CEOs have been studying at the Marie Antoinette School of Public Presentation," he said</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/arianna-huffington/the-era-of-not-getting-it_b_161037.html">Marie Antoinette and her "let them eat cake" became the symbol of Not Getting It -- of not realizing, until it was too late, that a new era had begun</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/arianna-huffington/the-era-of-not-getting-it_b_161037.html"><P>The pinnacle of Thain's tone deafness, of course, was his over-the-top makeover of his office in early 2008, just as Merrill Lynch was already hemorrhaging money and preparing to lay off thousands of workers. So to soften the blow (on himself), he spent $1.2 million redecorating.  Lowlights include $87,000 for an area rug, and $1,400 for a trashcan.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/arianna-huffington/the-era-of-not-getting-it_b_161037.html">Even scarier, as a big McCain backer, Thain was rumored to be headed to an administration job had McCain won</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/arianna-huffington/the-era-of-not-getting-it_b_161037.html">As Treasury Secretary-designate <A href="http://www.nytimes.com/2009/01/25/us/politics/25regulate.html?hp">Tim Geithner said</A>: "Excessive executive compensation that provides inappropriate incentives has played a role in exacerbating the financial crisis."</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/arianna-huffington/the-era-of-not-getting-it_b_161037.html">this is about more than a few rotten apples</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F652599C-2E90-46C4-87BC-C9AF75F868FC/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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