Picture 620.pngThis whole John Thain, Ken Lewis Rumble in the Bronx has been thrilling but clearly there are lesser-known, more hilariously-named cast members to speak of. Let’s start with Steele Alphin, chief administrative officer at Bank of America, and essentially Lewis’s right hand guy. He also served as Thain’s ambassador into the BAC world. For instance, we’re told it was Alphin who set the aggregated compensation level for Merrill bonuses, and convinced Thain to change the cash/stock breakdown from 60/40 to 70/30, because it would help BAC’s balance sheet (the cash coming from MER, the stock coming from BAC). Oh, and Steele’s also the one who can say definitively, despite attempts to leak stories to the contrary, that Thain never asked, per se, for a $10 million bonus.


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Comments (25)

  1. Posted by guest | January 27, 2009 at 9:51 AM

    Too Gaba, didn’t Goal

  2. Posted by guest | January 27, 2009 at 9:55 AM

    This is all so clumsy.

  3. Posted by guest | January 27, 2009 at 9:58 AM

    Dumb and Dumber

  4. Posted by Phobos | January 27, 2009 at 10:04 AM

    I hate that font.

  5. Posted by guest | January 27, 2009 at 10:11 AM

    do chickens have large talons?

  6. Posted by guest | January 27, 2009 at 10:12 AM

    Someone’s porting Alphin?

  7. Posted by Clown Capital | January 27, 2009 at 10:22 AM

    Doesn’t matter. This is a nominal discovery. Thain’s name has already been besmirched…

  8. Posted by guest | January 27, 2009 at 10:25 AM

    This must be a fake – that font is way too gay.

  9. Posted by guest | January 27, 2009 at 10:30 AM

    @clown- except that per the FT article yesterday, and this today, it’s becoming obvious that BAC is waging a smear campaign to deflect attention from its own incompetence.

  10. Posted by guest | January 27, 2009 at 10:37 AM

    Comic Sans = lame
    -MoneygripWisdom

  11. Posted by guest | January 27, 2009 at 10:45 AM

    @10: In Charlotte, using ComicSans is seen as a big deal and even slightly edgy.

  12. Posted by guest | January 27, 2009 at 10:47 AM

    Also, 10, ComicSans is strictly reserved for C-level employees.

  13. Posted by guest | January 27, 2009 at 10:47 AM

    That picture of Thain gives me the heeby jeebies

  14. Posted by guest | January 27, 2009 at 11:17 AM

    @clown capital– now that this guy’s being called by cuomo, still not a big deal?

  15. Posted by guest | January 27, 2009 at 11:27 AM

    wow this was intelligent, one of two people could have faxed you that letter. Andrea, or Tom. and lord knows tom didnt. Andrea, you are fired.

  16. Posted by guest | January 27, 2009 at 11:28 AM

    common sense dictates any font whose name contains the word comic is probably not appropriate for serious business communication.

  17. Posted by guest | January 27, 2009 at 11:52 AM

    This is consistent with what many insiders felt at the time–that the “leak” from the board was actually a smear campaign from either a board member who was enraged about the overall levels of bonuses beneath thim that Thain was permitting (Finnigan on the comp comm), or someone out to get John and his job, like Greg Fleming.

  18. Posted by guest | January 27, 2009 at 11:53 AM
  19. Posted by guest | January 27, 2009 at 12:03 PM

    Do you think Andrea Smith is better or worse looking than Wideclops? Can anyone dig up some pics?

  20. Posted by guest | January 27, 2009 at 4:05 PM

    thain a wrestler?!
    calling it a day…

  21. Posted by guest | January 29, 2009 at 4:19 PM

    Font too gay, not BA

  22. Posted by guest | February 2, 2009 at 10:32 AM

    This is not ComicSans, it is Calibri. Come on guys, get your fonts right.

  23. Posted by guest | February 2, 2009 at 11:18 AM

    if there is one thing in my life that i am proud of, it is supplying that picture of thain to DB

  24. Posted by guest | February 2, 2009 at 11:24 AM

    Not enough Wingdings for my taste.
    -Perez Hilton

  25. Posted by guest | February 2, 2009 at 7:16 PM

    that font is popular among the tobacco chewing and spitting (in meetings) crowd in charlotte, n.c.

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