October 2, 2009

Brodner’s Cartoon du Jour: Kenny Boy

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Today we heard that Ken Lewis is retiring from Bank of America. He’ll get $125 million in retirement and stock. When your company gets $45 billion in the bailout it really doesn’t seem like so much. And it wasn’t easy. Paying $50 billion for Merrill Lynch’s toxic lunch, especially at Paulson and Bernanke’s Soup Nazi Kitchen, is a crazy way to spend a career. If I were an insider I’d probably think he’s worth every penny. Art done for Jason Treat at The Atlantic.

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DECEMBER IS MAKE OR BREAK

A full one-third of our annual fundraising comes in this month alone. That’s risky, because a strong December means our newsroom is on the beat and reporting at full strength—but a weak one means budget cuts and hard choices ahead.

The December 31 deadline is closing in fast. To reach our $400,000 goal, we need readers who’ve never given before to join the ranks of MoJo donors. And we need our steadfast supporters to give again—any amount today.

Managing an independent, nonprofit newsroom is staggeringly hard. There’s no cushion in our budget—no backup revenue, no corporate safety net. We can’t afford to fall short, and we can’t rely on corporations or deep-pocketed interests to fund the fierce, investigative journalism Mother Jones exists to do.

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