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THURSDAY, NOVEMBER 26, 2009
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PREMIUM NEWS ARCHIVE

Cuomo Questions Merrill's Timing.(Week On The Street)(Andrew Cuomo notes Merrill Lynch & Company Inc. pays $121 million in bonuses to four of its employees)

Article from: Investment Dealers' Digest Article date: February 16, 2009

Byline: Editorial Staff

Weeks before it announced a $15 billion loss and before its new owner, Bank of America, asked for US government aid, Merrill Lynch paid $121 million in bonuses to four of its employees, New York's attorney general said in a letter to Congressman Barney Frank.

In the letter to Frank, who is chairman of the US House Committee on Financial Services, Andrew Cuomo noted that 696 Merrill employees received a bonus of $1 million or more. According to the New York State Attorney General, ...

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NO DIMON IN THIS ROUGH

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Paul Krugman

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