Merrill's top 10 earners made $209 Million in 2008-WSJ

[babylonsister]

Merrill's top 10 earners made $209 mln in 2008-WSJ
Wed Mar 4, 2009 5:52am GMT


March 4 (Reuters) - Merrill Lynch & Co's 10 highest-paid employees got a total of $209 million in cash and stock in 2008, up slightly from $201 million they received a year earlier, the Wall Street Journal said, citing reviewed figures.

Andrea Orcel, the firm's top investment banker, was paid $33.8 million in cash and stock in 2008, the paper said.

New York's Attorney General Andrew Cuomo has been investigating whether billions paid in executive bonuses at Merrill Lynch ahead of its takeover by Bank of America (BAC.N: Quote, Profile, Research) were sanctioned by the Charlotte, North Carolina-based bank.

Eleven top executives were paid more than $10 million in cash and stock last year, the paper said, citing people familiar with the situation. Another 149 received $3 million or more, the paper said.

more...

http://uk.reuters.com/article/marketsNewsUS/idUKBNG40523120090304

[mod mom]

1. Let's hope RICO charges can be brought and these thugs are made example of!

[babylonsister]

2. Would Cuomo dare? That would be outstanding! nt

[mod mom]

3. Despite how they ruined their co, Merrill's Top Ten Earners Made More Last Year Than In 07

Merrill's Top Ten Earners Made More Last Year Than In 07
By Zachary Roth - March 4, 2009, 1:23PM
"While Merrill staggered, 11 top executives were paid more than $10 million in cash and stock last year, say people familiar with the situation," reports the Wall Street Journal.

Amazingly, the top ten earners at the company in 2008, according to the paper, made slightly more than the top ten in 2007: $209 million, up from $201 million.

-snip

http://tpmmuckraker.talkingpointsmemo.com/2009/03/merrills_top_ten_earners_made_more_last_year_than.php