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