Wednesday, September 17, 2008

Merrill Lynch Execs to Get Millions

Nice to know that the financial wizards who created this mess are ripping you off on the way out the door, isn't it, America?

Now go comfort yourself with that bowl of shit.

"3 Merrill officials may get $200m" by Bloomberg News | September 17, 2008

NEW YORK - Merrill Lynch & Co. chief executive John Thain and two former Goldman Sachs Group Inc. colleagues he recruited may reap almost $200 million for their year running Merrill if they leave or are given lesser roles after Bank of America Corp.buys the brokerage.

Thain, who got a $15 million bonus when hired in December, stands to get an additional $11 million in accelerated stock payouts if he doesn't stay after the deal, compensation consultant Graef Crystal said.

Trading chief Thomas Montag, 51, who joined in August, may get $76 million, including bonus and accelerated awards. Strategy head Peter Kraus, 56, was given $95 million, including bonus and stock awards, to replace a Goldman package he had to forfeit, people familiar with the matter said.

All this for a company that WENT BROKE!!!!


How is that bowl of shit coming, AmeriKans?