This weeks DBag of the week is an easy one. Thanks to the greedy a-hole Bernie Madoff. If you have not heard of this guy go ahead and turn on your TV. He is the jerk that over the past 40 years built a solid reputation on Wall Street just so he could gain the trust of some of the wealthiest investors in the world.
DBag Madoff decided that he was going to make a lot of money by any means necessary. So off he went, whispering sweet nothings of great returns and huge payouts to anyone with a pocket full of cash.
Large corporations, individuals, charities all became victim to Bernie and his lies. He took pensions, 401k's, savings etc... and promised returns that no one could offer. (There is some blame on the investors, if it is to good to be true...)
All told, DBag Madoff lost his investors about 50 Billion dollars. Families saving for retirement and working for companies that invested with him now have no savings and no jobs. (One family's story).
Mr. Thain, you are off the hotseat. You have been replaced by an even bigger Douche Bag, Bernie Madoff. I hope the authorities see fit to toss you in the good old FPMITA* prison for a long time.
(* Federal Pound Me In The Ass)
Bernie Madoff
John Thain
Congratulations John Thain, you are our inaugural D-Bag. This is quite an honor and future D-Bags have a lot to live up to.
As the CEO of Merrill Lynch you are requesting a $10 million bonus for 2008. Mostly because, in 2008, you held Merrill Lynch down to a loss of only $11.67 billion.
So let me get this straight. You lost tons of money for your customers, tons of your employees were laid off and you think you are worthy of a 10 million dollar bonus.
Disgusting is a word that gives you too much credit. You are a used douche bag sir.
1/23/2009 UPDATE: In Campbell Brown's latest story about Thain, she describes how even though Merill was preparing to file for bankruptcy John Thain decided to spruce up his office with a 1.2 million dollar makeover.
Ass.
About DoucheBag of the week
Welcome to DoucheBag of the week. I decided to start this blog as a way of recognizing those people that go above and beyond to show why they think they are better than the general population. I label them a douchebag, tell their story and post a picture if I have one.
You may be thinking to your self "Probinu" what makes you the expert on DoucheBags?
I am a self proclaimed expert based on two things.
1. My friend Darren Hollywood thinks I am an expert.
2. My life is pretty awesome and probably better than yours.
If that is not enough explanation for you, then you are probably a douchebag yourself. Email me at probinu at gmail.com. Send a little story and a picture of yourself and I will see about getting you on here.
Good Day