DealBreaker’s Guide To Running Bear Stearns: Part 3
Do It Merrill Lynch Style, Baby

By Bess Levin

Now hear this Alan Schwartz. John Thain knows how to play this game, he studied at school of GSBS and he’s got a Ph.D. Merrill Lynch is taking a $15 billion write down. You see that, that’s called covering your ass. Analysts expected a $12 bn write down, but Thain said “No No” you have not lowered your expectations enough. So now he only has to live up to his newly self-lowered expectations Alan. Get that, UPOD. U “Under” “P” Promise “O” Over “D” Deliver. Do what Johny Thain does. Don’t be a hero. Take the write downs now.

–Everett Stuckey, DealBreaker’s advisor to newly minted CEOs.

Comments (4)

  1. 1
    Posted by cramer | January 11, 2008 at 2:48 PM

    Holy shit Melissa Lee has some huge cans. Wheres she been hiding those all this tme

  2. 2
    Posted by anon | January 11, 2008 at 3:23 PM

    was there any corn identified in the deucage?

  3. 3
    Posted by Enuff | January 11, 2008 at 4:00 PM

    enough with the corn in the deucage comment. it wasn’t that funny.
    idiot

  4. 4
    Posted by John | January 11, 2008 at 5:23 PM

    BSC, according to some, was over-capitalized from from the beginning of this — what makes you think they need additional write downs.. I don’t think you are comparing apples to apples here…

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