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uh... it is a story of jumping grew worse the c_e_o_ of merrill lynch until
recently
and that is of course because merrill lynch was taken over by bank america
because of their troubles
and they will have more scenery trouble through that without seven and two
thousand eight
uh... we'll update on a storage up and actually has just been fire from our
bank of america
uh... who bought merrill lynch
out so we will all be there
opposes fired is because of this sort
uh... another prime reason he was fired is because
daggara america announce that meryl
had seven and unexpected loss of one
point seven ninety
billion dollars
in the fourth quarter
it's not exactly what i would call good management
now jumping was brought in towards the end of two thousand seventy year two
thousand eight because
of poor management from earlier c
and uh... they brought him inside this is the guy was going to fix it
uh... this guy who was the number two man in
goldman sachs
under rule hank paulson will beat him up
closes sectarian only that and out money
include a bank of america to help them in their purchase of merrill lynch funny
how that works right so was the first thing the job they did when you gave him
into a village which was very trouble
is what will you cut backs were have to a fire some people
we're gonna have to or do some budget cuts
except that
sent at belt-tightening asl
because they already knew they were in trouble in the the year two thousand
what's the second read it
he remodeled his office
to the two nd over one point two to million dollars
spent one million two hundred twenty thousand dollars the remodel is office
hearing that some of that would be over specifics first
he just have to have
and famous man
redo it including the guy who gets the same guy who is
of or bombers oval office that police are n c
you know how much he came back and that designer for a career goal office
wanted allison dot
another time about all merrill lynch's offices
amounting to other headquarters
understood by job gains ceo's office
even two thousand also designer
but this is top notch is is that everybody on my god i think it will be
over something
that he gets worse from the bottom of the new york city pay somebody that much
money but i do for i have eyes only good for you
before what one percent of the price and still be pretty good
teachers he needed for guests you know this come to the c_e_o_s of the above
the issue is how much do they work for
eighty seven thousand dollars
people's houses go for eighty seven thousand for too
frickin shares
the list goes on and on you got the report pairs of curtains for twenty
eight thousand dollars ul one drug
of forty seven thousand miles has arrived
local forty four thousand
what do you say well this may be the persian something on all the expense of
their eighties i don't know
the two chairs very seven thousand dollars
uh... and then my favorite
as it is that what they were going to a more
at como our legs
for thirty five thousand dollars
i don't know what that means the commode outlets
we have a thirty five thousand dollars for
i'm not sure i spent thirty five thousand dollars all year
but i think i'll spend that much
his garbage here
one thousand four hundred dollars
for garbage
day when we get a four-year
dollar forty
i think would advance arose from bed bath and beyond all we did all should we
don't talk you know how much of that
lauded by him
and it's fun four years ago
so i thought about fifteen bucks each calcite as outrageous my personal grief
if you look for upstairs
you know you put it in every state
garbage
fourteen hundred
disregard this year
meanwhile he's any of those surveyed subdivide and also care revving i get
out of trouble yes yes
assessor simply scheduled interested in purchasing
all this is an internship
unbelievable man
his sunglasses that plant his limo driver
he set out on those specific notes at all now would you please work in new
york city
well we have cut back on the our privacy sometimes they give out
uh... money so for people who were played in new york
because from
now that make sense to some degree but i will say it is a little excessive
they didn't get promotion for peres
uh... yeah on a taxi let alone if they fit subway i'd get that some people are
afraid to take the subway vitamin blues are black and it's right well i think if
that is a lot less expensive
so as we saw people they were going to cut back on that a little bit
he sped
hundred and thirty thousand dollars on his own limo drive
including one hundred and twenty thousand dollars of overtime day and
eighteen thousand dollar bonus check
in a drive-by lots of unhappy with a development on bonus
that is twice the amount of money overall two hundred thirty thousand
as
regular c_e_o_s
average c_e_o_s in new york stock
felt like that numbers relatively you know if it by how many of you make a
hundred and fifteen thousand dollars
well we'll spend it on your limo driver
and this guy got over two hundred thirty first
so initially the bank of america denied it they were gonna accidents
but uh... now given the tremendous losses that merrill lynch is sovereign
i'd even though he's done it
trouble job
given that he has astro public money
and new revelations about how we will use the some of that money is office he
has been absolutely thank god