March 18, 2009

I'm Angry About Big Bonuses

Especially the fact that I'm not getting one.

The Lab accepted TARP funds in November. We were told it was "necessary" even "patriotic" and would prevent a run on scientific institutions everywhere. I went along with the deal. It was a big error on my part and I take full responsibility for the mistake.

Now the Treasury Department is trying to dictate terms of executive compensation at the Lab.

So I'm gassing up the Lab's corporate jet to fly to Washington to give the %$#*ing money back. We'll take a short term hit on our balance sheet and be forced into some painful de-leveraging.

But we'll take back our soul.

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