Merrill Lynch CEO

[Gen]

has suggested to the board of merrill lynch that he be paid $10 million in bonus this year.

has this man lost his ever loving mind

what exactly is his reality ? the company just got purchased by Bank of America, they participated in lay offs and this tard is asking for 10million

apparently he has no clue as to what is going on

[Gen]

Re: Merrill Lynch CEO

Merrill's Thain seeking 2008 bonus of $10 million:


(Reuters) – Merrill Lynch & Co Chief Executive John Thain has suggested to directors that he get a 2008 bonus of as much as $10 million, but the battered company's compensation committee is resisting his request, the Wall Street Journal said, citing people familiar with the situation.

The compensation committee has not reached a decision, but is leaning toward denying Thain and other senior executives bonuses for this year, the people told the paper.

Merrill could not be immediately reached for comment.

Shareholders on Friday approved Bank of America Corp's takeover of Merrill, a deal fraught with risk but one that would create a banking giant with a leading position in almost every major area of the financial system.

Merrill was arguably saved from extinction when it agreed to merge on September 15, an hour before Lehman Brothers Holdings Inc filed for bankruptcy. The fear was that Merrill could be next if shareholders and trading partners fled, as many did at Lehman and the former Bear Stearns Cos.

<span style="font-weight: bold">Thain has said he deserves a bonus because he helped avert what could have been a much larger crisis at the firm, people familiar with his thinking told the WSJ.</span>


<span style="font-weight: bold">yuh should be prosecuted for undertaking risky investments and sent to jail for at least 5 years bout yuh help avert crisis</span>
old eediat

[jah_yout]

Re: Merrill Lynch CEO

i'm hearing he changed his mind...(after a rebuke by andrew cuomo)