An article in the Wall Street Journal reports that Merrill Lynch CEO, John Thain, has asked for a $10 million dollar bonus for the year, after he had to sell the company to Bank of America to avoid bankrupting it. His rationale is that his actions led to the company not going bankrupt, and therefore he deserves a bonus. The Attorney General of New York State, Andrew Cuomo, termed his request as ”nothing less than shocking,” as it seems callous to even ask for a bonus of that size when his company is barely able to stay afloat. Now here is the funny thing – any other ordinary company employee, if they failed to make money for the company they worked for, or failed to complete the tasks set them, they get reprimanded or fired. Perhaps those at the top of the ladder don’t think that the same rules apply that apply at the bottom, and perhaps they should. However, the rest of us don’t have to sell ourselves to Bank of America if we have a financial crisis suddenly – we have options, such as payday loans.

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