A victim of the credit crunch

You had to smile when BBC News reported the latest "victim" of the credit crunch - Stan O'Neil.

Having lost his job as CEO of Merrill, all Stan has to fall back on is the $200m compensation package he is to be given. At his age, there is concern he may not find another job and, without work, will he ever be able to get another mortage.........to repackage and trade?

Guess it may mean a little belt tightening to see him through the bleak times ahead.

posted by John Wilson @ 10:58 PM Permanent Link newsvine reddit



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