Wednesday, April 01, 2009

Merrill Lynch Bonus Payments Dwarf A.I.G. %$%#??

In its last days as an independent company, Merrill gave performance-based bonuses exclusively to employees earning $300,000 a year or more and holding a rank of vice president or higher, according to their financial statements. $3.62 billion was handed out to these executives - a sum equal to 36.2 percent of the $10 billion in taxpayer funds th

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