I had to stop and ponder the news that the pioneering Wall Street Chief Executive at Merrill Lynch & Co. "retired," even though it was clear that he was fired. Stan O'Neal will walk away with $161.5 million in restricted stock, options and retirement benefits! He will also get Merrill-paid office space and an assistant for three years. Not bad for a firing, oops, retirement!
As this community of Chapel Hill has a lot of rungs between the top and bottom of our income ladder, I can only imagine what even 10% of that package could do to address some of our more pressing social issues.
If we had that kind of money to spend, it would in fact cause of to say, is this a great country or what!
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