“First of all, I take exception to the ‘you guys’ comment. I did not create these C.D.O.’s.”
–John A. Thain, Merrill Lynch’s chief executive, responding to an analyst comment during the securities firm’s conference call Thursday afternoon. He was referring to mortgage investments that Merrill made under his predecessor, E. Stanley O’Neal.
Stan O’Neal, Are You Listening [DealBook]
You didn’t make them but you sure are responsible for them. Looks like a tool needs some tools.
Ouch.
In all fairness, with the ‘highest CEO package’ that Thain pocketed last year, he pretty much acgreed to be responsible for those CDO’s. Why the angst now?
Someone bite off more than he could chew?
I saw Bess out last night and she has a beard.
Beards are in Vogue this summer, and I am counting down the days til the guys in my office take on Mo-vember…
http://us.movember.com/?=adwords
@10:39- you’re an idiot.
thain is the man
no, thain is a dick for saying that.
yes?
Agreed to an extent. Thain does have to take a certain amount of responsibility. As a risk man himself, however, I’d expect this reaction to be almost knee-jerky in nature.
Agreed to an extent. Thain does have to take a certain amount of responsibility. As a risk man himself, however, I’d expect this reaction to be almost knee-jerky in nature.
the “you” was plural, as in ML, not a singular “you” as in john thain who was in seclusion with bhuddist monks before he became CEO of ML
Hi Guest at 10:39,
It’s interesting that, according to IP records, you also called Commenter Girl a “bearded bafoon [sic],” yesterday. What’s this obsession with writing “[insert female here] has a beard”? Are you projecting a secret desire of yours to posses a woman with actual facial hair, or are you looking for ‘a beard’ as a front for your homosexuality (not that there’s anything wrong with that)?
I heart Bess…
I also heart Bess’ IP skills
There is nothing wrong with being a bearded lady. I have had a long and successful carreer in the transient, multi-locational entertainment space.
~Rotilda Fech, Bearded Lady
The Cassini Bros Circus
(Northern Route Troupe)
“First of all, I take exception to the ‘you guys’ comment. I did not create these C.D.O.’s.”
– Jimmy Cayne
I heart Jimmy Cayne
I also heart Bess…she can see my IP anytime
The IP is coming from INSIDE the dealbreaker!!!!!
“First of all, I take exception to the ‘you guys’ comment. I did not create these C.D.O.’s.”
– jimmy cayne, john thain, chuck prince
what was o’neal’s response?
“Heyyy” – stan o’neal
once you sign on the dotted line and accept the paycheck, stfu, thain.
if thain didn’t want to be associated w/ them, he shouldn’t have joined the team. period.
“Posted by guest, Jul 18, 2008 11:19AM
once you sign on the dotted line and accept the paycheck, stfu, thain.”
yes.
so bess can check my IP freely?
//tried to resist. Could not.
An IP rests only in the eyes of its beholder. Bess is to deity, as Cayne is to Bongo Man.
@Fun
Of course. Big Brother is watching.
@LA– wha?
Bess, what else do you know about us?
@11:38– i can’t speak for what bess knows but i do know that you are a eunuch.
– guest at 11:40
Never cultivate around your mouth what grows wild around your ass.
@11:40 profound
wow, you’re good.
guest at 11:38
Anyone who let’s their ass hair grow wild is uncouth.
I wear mine in tight little braids.
Hey Thain, I didn’t make the CDO’s either and I take exception to losing my job at ML as a result of them.
Is he kidding? He’s the bloody CEO. Take some responsibility for God’s sake!
the “not my bad” ethos still long and strong.
bess is applying at Google.
-retail
When the Coast Guard boards a sinking ship, those rescued don’t accuse us if causing the ship to sink! You analysts need to know your place.
Wtf is this “responsibility” shyt you kids keep talking about?
I’ll believe Wall Streeters WON’T take responsibility for their actions the day someone great…like A-Rod….leaves his wife for a fling with Madonna. I just have to laugh at the thought of that! It’ll never happen.
I was going to post a pithy comment but I am afraid they will retain my IP address.
You know who is responsible for the CDO crisis? Second-tier b-school profs who created perfect “valuations” of CDOs: John Hull and Alan White.
of course you’re responsible, me. thain.
if you’re as smart as you think you are (you’re not), then you would have unloaded this poison as your first executive act.
fixed your losses, have everyone take one for the team, told everyone to lick the, and move on.
the equadorian woman who cleans your office at night knew subprime was a joke.
are you willing to admit you didn’t?
Heard someone was fired from SAC awhile back for confirming SC’s screen name….Any truth to that??
IP traffic analysis …..cuckoo cuckoo
#43 – There’s no Q in Ecuador.