Wednesday 28 January 2009

People Need To Change Their Ways...

People need to change their ways and control their excesses. Today's editorial in the Guardian (UK) discusses bankers' bonuses. We can only imagine what investors would feel when they read something like this:

As for Merrill Lynch boss Mr Thain, he blithely splashed out $1.2m mid-crunch to redecorate his office. The bank may have been haemorrhaging both staff and money, but that was no reason not to spend $35,000 on a commode.

Do read this piece. It's quite enlightening.

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