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Arianna Huffington: The Era of Not Getting It: The Marie Antoinettes of the Meltdown

Tony Blankley nailed it on our radio show when he said that far too many Wall Street CEOs "have been studying at the Marie Antoinette School of Public Presentation." Among those following in the footsteps of the tone deaf queen and her "let them eat cake" is former Merrill Lynch CEO John Thain, the poster child for the modern era of Not Getting It -- with his $1.2 million office makeover while preparing to lay off thousands. But Thain is not alone. Execs at Citigroup, Wells Fargo, and State Street have also shown themselves to be tone deaf. So has Barney Frank who secured bailout money for a home state bank that had been accused of poor lending practices and that made Marie Antoinette moves such as providing a Porsche SUV for executives to use. Not Getting It: There is no substitute.

 

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