Saturday, October 27, 2007

The Rich Getting Richer

Re The Price of Any Departure Will Be at Least $159 Million by Eric Dash in today's NY Times:

When you or I screw up big-time on the job, we are fired unceremoniously. So be it. But when the filthy rich screw up, they are rewarded big-time.

Quote from the article:

"Merrill Lynch's directors may be weighing E. Stanley O'Neal's future, but one thing is already guaranteed: a payday of at least $159 million if he steps down."

Just a regular day in our "tournament" capitalist system.

No comments: