My Mea Culpa on Thain

"In the past, I have been critical about some of the comments from Thain. That they were disingenuous, misleading, and sandbagged investors. But while all of these things were mean and rotten and undesirable from any company's management, let's look at the bottom line: Thain sold Merrill for $25-30 per share, and got $40B for the whole enterprise. Most of his employees will keep their jobs, most of all, the company will survive."