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Got this from Reuters – Merrill Lynch & Co Chief Executive John Thain has suggested to directors that he get a 2008 bonus of as much as $10 million, but the battered company's compensation committee is resisting his request, the Wall Street Journal said, citing people familiar with the situation.
The compensation committee has not reached a decision, but is leaning toward denying Thain and other senior executives bonuses for this year, the people told the paper.
He ought to be ousted, blackballed, banished to Siberia and then caged and fed bread and water.
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1 comment:
That should show the everyday Americans that this crap is not over. You still have greedy people with their hands out for millions and they will take all they can before there is no more!
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