A breathless Charlie Gasparino reports that Ken Lewis will conduct an "emergency meeting" with Thain to "discuss his future at B of A," circa 11:30 this morning, with former Countrywide CEO and current Bank of Amerillwide administrative assistant Angelo Mozilo taking notes. "Discuss his future" kind of sounds like Lewis is going to take his belt off, which makes me nervous for JT, but let us not forget THIS:
Posted by guest , Jan 22, 2009 10:44AM
Gee, I didn't know you cared Kenny
Posted by guest , Jan 22, 2009 10:46AM
Nothing more exciting than photos of bankers wearing suits.
Posted by guest , Jan 22, 2009 10:48AM
Will John Thain be named CEO or is Ken Lewis conducting a citizen's arrest?
Posted by guest , Jan 22, 2009 10:49AM
The fact that this is even being leaked (obv. through B of A), means - sayonara, Johnny T. All over but the shouting.
If Thain comes up with a huge exit package, there will be torches and pitchforks coming out.
Posted by guest , Jan 22, 2009 10:50AM
I want a Bank of America glass of water too
Posted by Clown Capital , Jan 22, 2009 10:51AM
Thain was the ultimate saboteur; A corporate trojan horse. Lewis has proven himself to be as dumb as he looks. He is only trying to save face but I'm afraid it's too late...
Posted by guest , Jan 22, 2009 10:52AM
Seems like everytime they meet, Thain works over Lewis pretty good. I'm sure it'll happen again.
Posted by Lowly Assistant , Jan 22, 2009 10:54AM
Grab the steno, Ang! Shorthand, with those orange highlighter-lookin' digits you call fingers!
Posted by guest , Jan 22, 2009 10:54AM
@7: You watch - Thain and Montag are going to leave (Montag JUST came over for $50 mil from Goldman), and keep a bundle.
Even if they say that they'll take nothing for their work, the tens of millions they got means they were paid bank for < 1 year's work.
Posted by guest , Jan 22, 2009 10:55AM
Charlotte > New York
Posted by guest , Jan 22, 2009 10:55AM
@8 - bwahahaaaa!
Posted by guest , Jan 22, 2009 10:56AM
Hudson River > Charlotte > New York
Posted by guest , Jan 22, 2009 10:57AM
Seriously...an "emergency" meeting to discuss whether Thain stays or goes? Gasparino sensationalism at its best.
Posted by guest , Jan 22, 2009 10:57AM
two men enter, one man leaves
Posted by guest , Jan 22, 2009 10:58AM
two men enter, one man leaves
Posted by guest , Jan 22, 2009 10:59AM
Will Thain land at C? Or did the bonus maneuver kill that option? Please discuss.
Posted by guest , Jan 22, 2009 11:01AM
Thunderdome = 58th Floor. Lock the doors.
Posted by guest , Jan 22, 2009 11:01AM
Gasbag....why are you so out of breath? Compose yourself and get over to that 11:30 meeting!
Posted by guest , Jan 22, 2009 11:04AM
John, Ken, Ang, and a big pile of gold.
http://www.youtube.com/watch?v=sXldafIl5DQ
Posted by guest , Jan 22, 2009 11:06AM
@15: Two men enter, one man leaves.......one assmonkey remains behind.
Posted by guest , Jan 22, 2009 11:07AM
I would LOVE to see Thain walk away as CEO of BofAmerillwide leaving Lewis with a stigma that will end his career.Who do I need to talk to to make this happen?
Posted by guest , Jan 22, 2009 11:08AM
THAIN SPENT A MILLION BUCKS REDECORATING HIS OFFICE?!?!?!
35k on a toilet!
He paid his driver for work 230k!!!
Fuck I'll drive you around for half of that, even have girls waiting in the back to give BJs
Posted by guest , Jan 22, 2009 11:08AM
Commode on Legs = Wideclops
Posted by Private , Jan 22, 2009 11:08AM
Dismal existence
Each day seems to be the same,
Miserable, nauseous, am I to blame?
This field I chose why o why
I could have been a happy guy.
Covered in paperwork, spreadsheets all over
If it continues like this, I’ll rarely be sober.
How many more days can I stay at this job?
I sit here silent, ready to sob.
Posted by guest , Jan 22, 2009 11:11AM
Wait so Thain spent $400k redesigning his office at MER while people are getting laid off and investors are losing billions?
Nice guy. Just personifies Wall St huh? Again, I hope all of Wall St gets fired.
Posted by Clown Capital , Jan 22, 2009 11:12AM
Spirit Points Tally
Thain = 50,000,000,000.
Ken Lewis = -3.
Posted by guest , Jan 22, 2009 11:12AM
Thain is done. Cooked.
How do you think this information got leaked to Charlie? I'll bet it was Ken Lewis or one of his minions.
Posted by guest , Jan 22, 2009 11:13AM
@24 - Gasparino's best poem ever!
Posted by guest , Jan 22, 2009 11:13AM
What if they both resign and leave Moz to take over?
Posted by guest , Jan 22, 2009 11:14AM
@29: What if they shut the place down and stop hemorrhaging money?
Posted by guest , Jan 22, 2009 11:15AM
BLOOMBERG: WIDECLOPS SIGHTED
Gasparino: We have unconfirmed reports of a WIDECLOPS. Situation is fluid
Posted by guest , Jan 22, 2009 11:18AM
Gasparino: put the fluids down and stay on the case here, young man!
The Network
Posted by guest , Jan 22, 2009 11:20AM
Too Vision; Didn't Quest
Posted by guest , Jan 22, 2009 11:29AM
Wideclops jokes = played out/jumped the shark
Posted by guest , Jan 22, 2009 11:34AM
@25 of course it's ridiculous...but you're a dumbass. Wall Street goes down, and so do you, bitch. You know you love us - stop being so jealous.
Posted by mrpink , Jan 22, 2009 11:39AM
wideclops won't be dead for a while, she's on the prowl in full force today. Not the f-me boots, but the ones with those furry liners around the cankle...
speaking of which, whatever happened to poster 'Hatchet Man'? Surely he's busy today.
I probably won't be here much longer anyhow.
-mrp
Posted by guest , Jan 22, 2009 12:16PM
Wideclops in Uggs?
Posted by guest , Jan 22, 2009 12:51PM
From a public relations standpoint, it’s amazing that Merrill execs would decide to hand out bonuses after the government had to intervene to save the company. It makes one think that some people just don’t get it.
Daniel Durazo
Posted by guest , Jan 22, 2009 6:42PM
Wait, so which one is the monkey looking fuck?
Posted by guest , Jan 25, 2009 1:11AM
KENNY THE BAILOUT MOOCHER
(Minnie the Moocher, Cab Calloway)
WilliamBanzai7
Sing along link: http://hk.youtube.com/watch?v=6NTozy51AY0&feature=related
Hey folks here's the story bout Kenny the bailout moocher
He was a low down Charlotte BAC hoochie coocher
His was the roughest toughest banking sob tale
But Kenny had an appetite as big as a securitized whale
Hidehidehidehi (hidehidehidehi)
Hodehodehodeho (hodehodehodeho)
Hedehedehedehe (hedehedehedehe)
Hidehidehideho (hidehidehideho)
One weekend he messed around with a bloke named Thain
He wanted the Merrill Bulls or he'd go completely insane
Thain took him round the block to Chinatown
And showed old Kenny how Wall Street gangstas kick the gong around
Hidehidehide-LEVEL 3 (hidehidehidehi)
Whoah (whoah)
Hedehedehede-GREED (hedehedehedehe)
A hidehidehideho CDO (hidehidehideho)
Kenny had a dream bout yet another financial supermarket
It would give him things that he was needin
It would give him a home built of gold and steel
A diamond studded learjet with platinum wheels
A hidehidehidehidehidehidehi (hidehidehidehidehidehidehi)
Hodehodehodehodehodehodeho (hodehodehodehodehodehodeho)
Thain sold Ken a herd of sick cows and a boatload of subprime losses
Each meal Ken ate was full of surprising new derivative courses
Had a billion dollars worth of taxpayer nickels and dimes
He sat around and counted them all a million times
Hidehidehide-LEVEL 3 (hidehidehidehi)
Hodehodehode-CDO (hodehodehodeho)
Hedehedehede-GREED (hedehedehedehe)
Hidehidehide-HOSED (hidehidehideho)
Posted by guest , Jan 25, 2009 1:48AM
He's baaaaack! Charlatan galore: http://homepages.nyu.edu/~zm13/