The $230,000 a year driver for Merril Lynch's CEO

[AgentDrazenPetrovic]

Details coming about Merril Lynch. They were fucked...and the new CEO last year spend $1.2 million on redocrating his office. His fucking driver made $230k a year.

http://www.cnbc.com/id/28793892
the big thing is the $90k rug in his office.

 

[PapaG]

Better send him more of our money, STAT!

 

[AgentDrazenPetrovic]

I love how half that bailout money is gone. I guess it saved us from collapse!

 

[PapaG]

I love how half that bailout money is gone. I guess it saved us from collapse!

Intel is laying off 1000 people at the Hillsboro facility; Microsoft to lay off 5000, many in Redmond.

The s*&t is starting to hit the fan. Hang on to your cash...

 

[AgentDrazenPetrovic]

jesus, 5000 people. fuckin' shit.

 

[AgentDrazenPetrovic]

Warner Bros is laying off 10% of their burbank office. shit, i have a few friends there...hope they don't get fucked.

 

[maxiep]

Layoffs stink, but they're part of a process of a company getting healthy.

 

[AgentDrazenPetrovic]

well, a lot of the companies are going to completely tank in rounds of layoffs. hmmm...feeling worse and worse with the impending doom....

 

[maxiep]

well, a lot of the companies are going to completely tank in rounds of layoffs. hmmm...feeling worse and worse with the impending doom....

Which means new ones will pop up in their place. It's the business circle of life.

 

[AgentDrazenPetrovic]

Indeed. just sooner or later, this will probably affect me....trying to come up with some contingency plans.

 

[maxiep]

Indeed. just sooner or later, this will probably affect me....trying to come up with some contingency plans.

Get some friends together and start your own company. Don't be hostage to someone else.

 

[PapaG]

Get some friends together and start your own company. Don't be hostage to someone else.

I am strongly considering doing this, we just haven't narrowed our focus to the point where we can specialize.

 

[AgentDrazenPetrovic]

Get some friends together and start your own company. Don't be hostage to someone else.

I have my own company. Need more though...need to fully cover all bases and make myself recession proof.

 

[maxiep]

I have my own company. Need more though...need to fully cover all bases and make myself recession proof.

Then live far below your means. Pay off any debt you have and invest the rest. I spent most of my 20s and early 30s living like I made 1/4 what I really did. The folks at DLJ even had a term for it. They called it "fuck you money". The goal was to get enough money to say "fuck you" to your boss and walk out.

 

[AgentDrazenPetrovic]

Yeah, I like to have fun in the present though and when the shit hits the fan, I'll adapt. haha. Fuck you money would be nice, I'm familiar with the term.

I want more passive income (automated). I am actually turning down work right now because I would rather fuck around on the weekends than work all day.