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	<title>Charting Stocks &#187; bonus plan</title>
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		<title>Cuomo: Merrill Improperly Gave Out Bonuses</title>
		<link>http://www.chartingstocks.net/2009/02/cuomo-merrill-improperly-gave-out-bonuses/</link>
		<comments>http://www.chartingstocks.net/2009/02/cuomo-merrill-improperly-gave-out-bonuses/#comments</comments>
		<pubDate>Wed, 11 Feb 2009 14:28:50 +0000</pubDate>
		<dc:creator>chartingstocks1</dc:creator>
				<category><![CDATA[Bailout]]></category>
		<category><![CDATA[MER]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[bank of america]]></category>
		<category><![CDATA[bonus plan]]></category>
		<category><![CDATA[corporate irresponsibility]]></category>
		<category><![CDATA[gross commission]]></category>
		<category><![CDATA[merrill lynch]]></category>
		<category><![CDATA[new york attorney general andrew cuomo]]></category>
		<category><![CDATA[retention bonus]]></category>
		<category><![CDATA[stock]]></category>
		<category><![CDATA[taxpayers]]></category>

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		<description><![CDATA[In a letter to Braney Frank, New York Attorney General Andrew Cuomo has accused Merrill Lynch executives of corporate irresponsibility by secretly and prematurely awarding $3.6 billion in bonuses as taxpayers were bailing out the industry.

Cuomo says that instead of disclosing its bonus plan in a transparent manner designed to assure the payments were warranted, [...]]]></description>
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