Tuesday, August 5, 2008

Merrill Pays New Employee $40 Million for 5 Months of Work

I guess you'll only see things like this in a few places: the NBA, the NFL, MLB and on Wall Street. A franchise that is losing money decides to dish out millions to a new start player in hopes of winning in the future.

I mean, the Knicks do it every time they renew Marbury's contract. Well, I guess now it's Merrill's turn as they recently hired Thomas Montag, a Goldman alum, as the new head of sales.

So yup, this guys is definitely balling out of control and can even keep the $40 million if he decides to leave before the end of the year.

Damn, why couldn't I have this guy's job?

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