Monday, July 28, 2008

Thank God Beer Is Cheap Here

Less than a year after Citi shelled out $28 million to fire its CEO, they one up themselves, spending an astonishing $42 MILLION to fire the former head of the investment bank, Michael Klein. Remember, this is the genius behind over $30 BILLION dollars in writeoffs in the last year. The best part? Of this, $28 million is expressly to prevent him from working for the competition. Did the Knicks pay Isaiah Thomas extra to not work for another NBA team? No. Most businesses see rampant incompetence as less than perfect for filling a résumé, but apparently this is not the case at all firms.

It's just a damn shame that this sort of thing will be idle curiosity for me as of Dec 1...

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