We are off to a blazing start as the man who will be treasury secretary and whose duties include being grand wizard if the IRS doesn’t pay his own taxes. Is he sorry or just sorry that he got caught? True change you can count on. Another suit who feels he is Teflon and above the fray. Would we overlook a small business owner who hasn’t paid his taxes in four years? He claims he doesn’t understand how do effectively complete a tax return. Go get em Biff, now get out there and oversee the biggest economy in the world. Hope he pays all penalties and interest. Enough said.
John Thaine is gone, but before he left, he bought a $35,000 commode for his office and spent over a $1 million of shareholders money on decorating his office while he hung his traders from the rafters. From Goldman to NYSE to Merrill to BAC to where? Hope he at least had the courtesy to clean the commode before the door hit him in the ass. Good riddance. I compare a good CEO to a fundamentally sound quarterback in football, just “don’t lose the game”. So many of these guys were thrown into sweet situations and all they had to do was not lose the game. The stage was set. They still found a way.
I’ll be back in a bit.