Business Takeout: No End to Wall St. Bonuses in Sight

Thursday, October 08, 2009

  • There seems to be no end to the lavish bonuses that Wall St. firms – even previously struggling firms – continue handing out to their top employees. Even Merrill Lynch executives stand to make millions of dollars in extra pay this January, despite working for a bank that faltered and was bought by Bank of America. Finance reporter Louise Story breaks the story in today's New York Times: "In Merrill’s Failed Plan, Lessons for Pay Czar."


Louise Story

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