Day: March 23, 2009

JP Morgan welcome to SLABBED – you fkn fools can’t subtract! UPDATED

Better, much better:JPMorgan says it has no plans to replace jets in its fleet until after government money repaid

Sheeeeeet!  We had to bailout JP Morgan because the fkn fools there can’t subtract.s-jp-morgan-jets-large3

  • You borrowed:  $25,000,000,000 from people who buy tickets when they need to fly somewhere.
  • You spent: $138,000,000 to fly your dumb a$$e$ around, including a godawful-have-you-no-shame $18,000,000 to park the planes you shouldn’t have purchased to begin with.

When you borrow money, you don’t have a dime to call your own until you repay what you’ve borrowed!  What is so hard to understand about that?

Suit up, Chairman Dimon, maybe while you’re flying around in something you can afford, you’ll figure out why corporate America has such a bad image.

images-flying-man-21This, sir, is your new plane!

Embattled bank JPMorgan Chase, the recipient of $25 billion in TARP funds, is going ahead with a $138 million plan to buy two new luxury corporate jets and build “the premiere corporate aircraft hangar on the eastern seaboard” to house them, ABC News has learned. Continue reading “JP Morgan welcome to SLABBED – you fkn fools can’t subtract! UPDATED”

The Daily Slab – March 23

My sisters and I were children of proper dressing when we scraped a knee or elbow – surgical tape and gauze. OMG did we ever envy the privileged and their band-aids.

Do you have any idea how many boxes of Band-aids William Weldon could buy for his children? I don’t; but, the $23.03 million he was paid last year would buy a lot.  Mr. Weldon is the CEO of Johnson and Johnson.

Johnson & Johnson’s chairman and chief executive received compensation valued at $23.03 million in 2008, an 8.2 percent decrease in a year when the health care company posted better results than many competitors and net income and revenue rose.

William C. Weldon, who has held his posts since 2002, received compensation totaling $25.1 million in 2007.

Paul Levy’s approach to compensation is more to my taste.

In the days before the meeting, Levy had been walking around the hospital, noticing little things.

He stood at the nurses’ stations, watching the transporters, the people who push the patients around in wheelchairs. He saw them talk to the patients, put them at ease, make them laugh. He saw that the people who push the wheelchairs were practicing medicine.

He noticed the same when he poked his head into the rooms and watched as the people who deliver the food chatted up the patients and their families.

He watched the people who polish the corridors, who strip the sheets, who empty the trash cans, and he realized that a lot of them are immigrants, many of them had second jobs, most of them were just scraping by.

And so Paul Levy had all this bouncing around his brain the other day when he stood in Sherman Auditorium. Continue reading “The Daily Slab – March 23”

Patterson, Balducci, Langston – guess who’s special?

This is reporting week for Patterson and Balducci according to the Letter to Report on the docket of each.  Patterson will be confined in Montgomery and Balducci in Estill, South Carolina.

Langston, on the other hand, was initially scheduled to report in January until the USA filed a motion to delay reporting.

On December 16, 2008, JOSEPH C. LANGSTON was sentenced by the Court to three years in the custody of the United States Bureau of Prisons. He was permitted to execute a voluntary surrender form and has been ordered to report to the Bureau of Prisons before 2:00 p.m. on January 15, 2009.  JOSEPH C. LANGSTON is a crucial witness in an ongoing government investigation. It would be most helpful to have him available for personal conferences and telephone calls here in the Northern District of Mississippi. Accordingly, JOSEPH C. LANGSTON’s plea of guilty is final and his sentence has been imposed. The government simply asks that he be kept available to government investigators until further order of the Court.

Judge Mills granted the Motion and set March 21st as Langston’s reporting date.  Patsy Brumfield at the Journal picks up from there with Langston gets another prison reprieve.

Disgraced Booneville ex-attorney Joey Langston can remain out of federal prison a few more weeks to help investigators make at least one case, officials tell the Daily Journal today. Langston was scheduled to turn himself in to a Montgomery, Ala., prison today for his January 2008 guilty plea in the scheme to bribe Judge Bobby DeLaughter of Hinds County. Langston was sentenced last December for a Jan. 15 report, but the U.S. Attorney’s Office got Judge Michael Mills to delay his imprisonment until March 16 so he could continue helping with some investigations. However, prosecutors apparently renewed their request, sources say, and asked the court to postpone Langston’s report a few more weeks to keep him close as he apparently continues to cooperate with their investigations into the DeLaughter case and perhaps others.

Amazing! Even more amazing is Langston’s docket has no Letter to Report from David Crews, Clerk of the Northern District Court.  Someone must have known Langston had been assigned to Montgomery and passed the information on to Patsy.  I have no such logical explanation for her  departure from fact in the most recent favorable press for Langston from the Journal, Billy Crews, CEO: Booneville law firm reflects old, new family ties. Continue reading “Patterson, Balducci, Langston – guess who’s special?”

Biden – Geithner always there when you need to borrow money, no questions asked

Thanks to Vice-President Joe Biden we start the week with a smile. Politico reports Biden killed at Gridiron

“Axelrod really wanted me to do this on teleprompter — but I told him I’m much better when I wing it. … I know these evenings run long, so I’m going to be brief. Talk about the audacity of hope. … President Obama does send his greetings, though. He can’t be here tonight — because he’s busy getting ready for Easter. (Whisper) He thinks it’s about him. …

“I know that no president has missed his first Gridiron since Grover Cleveland. Of course, President Cleveland really did have better things to do on a Saturday night. When he was in the White House — he was married to a 21 year old woman. … I understand these are dark days for the newspaper business, but I hate it when people say that newspapers are obsolete. That’s totally untrue. I know from firsthand experience. I recently got a puppy, and you can’t housebreak a puppy on the Internet. Continue reading “Biden – Geithner always there when you need to borrow money, no questions asked”