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Merrill CEO bonus is 'shocking'

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What's with all these top executives putting themselves in unforgiving money-centered situations in the middle of a recession?  First the Big 3 fly to their bailout request hearing in three private jets, and now Merrilll Lynch CEO, John Thain, is requesting a year end bonus in upwards of $10 million.  New York Attorney General, Andrew Cuomo, has already issued a statement to Merril's  board of directors citing that thier takeover by Bank of America might have been the only thing keeping them afloat, and not to mention, the nearly $11 billion, they have lost in 2008.  Needless to say, Cuomo, doesn't believe that the executives' annual performances warrant such a bonus - what do you think??

Posted on  Monday, December 8, 2008By icmaldonado
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Source: http://money.cnn.com/2008/12/08/news/economy/Cuomo_Thain/index.htm?cnn=yes
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