Monday, May 05, 2008

Your Jaw-Dropping News of the Day

Bad News: JP Morgan is reported to have plans to lay off 10,000 of Bear Sterns's 14,000 employees. (And 1,500 of their own.)

Good News: Those canned will get nine months of full pay and an immediate cash payment equal to a third of their bonuses last year.

Both pieces of news via Financial News.

You know, I thought I'd done OK when I got laid off last year, but, in this as in everything, we're all pikers compared to the big swinging dicks.

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