John Thain, head of Merrill Lynch and graduate of MIT Sloan School of Business, is seeking a bonus of 10 million dollars. Assuming that Thain worked 50 weeks at 50 hours per week (both overestimates, we can be sure), that bonus adds up to $4000 per hour.
Merrill Lynch is merging with Bank of America after being an early headliner in the current economic collapse. But John Thain's miserable excuse for management hasn't taught him humility.
Fortunately, New York State Attorney General Andrew Cuomo is opposing the bonus, calling it "shocking".
My suggestion: Imprison Thain and his Wall Street cohorts. With the collusion of Congress, they are bankrupting the United States, robbing us blind. Try them for treason and imprison them.