Friday, January 23, 2009

Merrill delivered $4 Billion in bonuses before BofA deal

Merrill Lynch took the unusual step of accelerating bonus payments by a month last year, doling out billions of dollars to employees just three days before the closing of its sale to Bank of America. A person familiar with the matter estimated that about $3bn to $4bn was paid out in bonuses in December.

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4-18-2024

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