Obama Takes Aim CEO Spending Bonuses, Power Office (THAIN reference) Stimulus 3 Legged Stool!
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- YouTube
Obama Takes Aim CEO Spending Bonuses, Power Office (THAIN reference) Stimulus 3 Legged Stool!
January 23, 2009 Economic Stimulus Pelosi, Reid Boehner after meeting with Obama President Barack Obama took aim at Wall Street for using taxpayer money on bonuses and office remodeling, vowing to attach more strings on any future bailout money. Theres been a lack of accountability and transparency in how we are managing some of these programs to stabilize the financial system, Obama said before a meeting with congressional leaders at the White House. Obama cited the reports that weve seen over the last couple of days about companies that have received taxpayer assistance then going out and renovating bathrooms or offices or in other ways not managing those dollars appropriately. While Obama didnt mention any individuals or companies, his comments followed reports that John Thain, the former Merrill Lynch & Co. chief executive officer ousted yesterday, spent $1.2 million redecorating his downtown Manhattan office last year as the company was firing employees.
YouTube | January 23, 2009
