$161 million for $15 billion in write-downs

Actually, to date the number $23 billion in write downs for Merrill Lynch and the game is hardly over. Stanley O’Neal walked away with a very healthy golden parachute, platinum perhaps, and leaves Merrill Lynch in shambles. For his troubles, he’s still sitting comfortably with his $161+ million while the company searches the world for cash and keeps up the search for more write downs. Will our CEO-worship ever change? Sadly, I doubt it. Remember the higher standard that Bush was going to bring back to America in 2000? How’s it all working out?

Funny times these days. Funny times.

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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