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Merrill Lynch CEO Spent Over $1M to Redecorate Office

Discussion in 'Political Discussion' started by Holy Diver, Jan 23, 2009.

  1. Holy Diver

    Holy Diver Rookie

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  2. apple strudel

    apple strudel Banned

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    Isn't the free market awesome? Oh, wait.
  3. scout

    scout Rookie

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    #15 Jersey

    He was fired, but he should make some sort of restitution. Probably got some kind of golden parachute.
  4. Real World

    Real World Moderator Staff Member

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    Barney Frank just gave TARP money to one of his local banks. A bank that had a company Porsche for the workers to use. Nice. They needed a bailout I guess. They didn't realize how much a Porcshe costs to maintain.
  5. godef

    godef Rookie

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    I say stuff him head first into that $1400 trash can.
  6. Real World

    Real World Moderator Staff Member

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    A $1,400 trash can? Sheesh. That brings to mind the women I see buying Coach bags for hundreds, if not thousands of dollar. By the time you're down paying for the stupid thing, do you even have any money left to carry inside it? :confused:
  7. KontradictioN

    KontradictioN Do you even lift? PatsFans.com Supporter

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    No Jersey Selected

    Where's my torch and pitchfork? There is just simply no excuse for that. It cost him more money to decorate his office than it did to build my house.
  8. Run DMC

    Run DMC Rookie

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    Don't forget the gubment just gave BOA $20 billion to bail them out. $15 billion just went out in bonuses to Merrill Lynch executives. Hmmmm......
    The Bush legacy continues.
  9. Bigdogx

    Bigdogx Rookie

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    How about the 50 million that citi just spent on a new 11 seat luxury air plane because the two they already had are a whole ten years old.

    This is becoming a joke and the government better realize that they better start getting a handle on this @#@@ before the people of this country take it into their own hands, and believe me the breaking point will happen eventually!
  10. Real World

    Real World Moderator Staff Member

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    Who walked hand and hand with Bush, and is calling for more money to be handed to these criminals? Um...
  11. Real World

    Real World Moderator Staff Member

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    I was just going to post that private jet thing in here. Checks, balances, and accountability baby. That would be checks handed to them, and increased balances in their accounts.
    Last edited: Jan 26, 2009
  12. sdaniels7114

    sdaniels7114 Rookie

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    The jet story may be nothing but hot air guys. Private jets don't loose value the way cars do. There's tons of private planes out there that are worth more than they were off the showroom floor. Maintenance is extreme, relatively speaking, so if the seats ain't ripped up or the carpet or paint job isn't too bad the jet is just as valuable as new. So if they sold what they had and got one that better suits their needs its not really an extravagance.
  13. Bigdogx

    Bigdogx Rookie

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    Except for the fact that the two jets they previously had are only going to sell for 24-25 million leaving the extra 25-26 million to be paid with tax payer bail out money.
  14. scout

    scout Rookie

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    #15 Jersey

    I'll try to understand your point, but you'll have to do better. Our Government just bailed these guys out and they don't cancel their order for a $50 million dollar jet.
    Why do they need a jet?
    Secondly, they are not like the former Pres. who admittedly didn't read the newspaper. These guys must have seen the Big Three get ripped for "flying" their jets to D.C. I guess they felt they were above that.
  15. Real World

    Real World Moderator Staff Member

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    When your broke, people should fly coach. You don't go to Mortons when your rubbing nickels together, you go to Arby's.
  16. Bigdogx

    Bigdogx Rookie

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    It just shows how obviously corrupt our congress is, they are doing favors for their pals on mine and your tax dime!
  17. sdaniels7114

    sdaniels7114 Rookie

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    It was childish when the media did it then and it sounds childish today. Its not about CEO's not being one of 'the little people,' private jets have costs. If the passenger's time is worth more than those costs then using them is the smart decision. If the Pats ran Pioli around on a private jet and he was able to visit one extra potential draftee per day, what's that potentially worth?
    Last edited: Jan 26, 2009
  18. Holy Diver

    Holy Diver Rookie

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    Private Jets are for sucessful people who can afford private jets....

    these criminals used bailout money from the taxpayers because their companies FAILED.

    Now they are not loaning money, and instead buying jets, and redecorating offices?????

    This is complete BULL$H!T!!!

    These people have an addiction to money, one of the main reasons they need to be regulated, and also NOT be running companies.

    If a failed Buisness fails, and its leader makes millions, something is wrong. A CEO should be like the captain of a ship, the last to get off.
    Last edited: Jan 26, 2009
  19. Holy Diver

    Holy Diver Rookie

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    No-jet rule to be stripped from bill

    No-jet rule to be stripped from bill | Aviation | Kansas.com

    A requirement for companies that receive bailout funds to give up their business jets gets taken out of the Troubled Assets Relief Program legislation.

    BY MOLLY MCMILLIN
    The Wichita Eagle
    The aviation industry is breathing a collective sigh of relief.

    A provision requiring companies receiving federal bailout money to divest of their private aircraft or leases is being stripped from a House relief bill, U.S. Rep. Todd Tiahrt's office said Wednesday.

    Congressman Barney Frank, D-Mass., chairman of the House Financial Services Committee, on Friday introduced the language to the Troubled Assets Relief Program Reform and Accountability Act of 2009.

    He has agreed to accept Tiahrt's amendment to strip out the language, Tiahrt said. Frank is rolling the amendment into his own manager's amendment to the bill, Tiahrt said.

    The House is expected to vote on the bill today.

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