Posts Tagged ‘retention bonus’

Cuomo: Merrill Improperly Gave Out Bonuses

Wednesday, February 11, 2009 8:28 3 Comments

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, [...]

This was posted under category: Bailout, MER, Politics Tags: , , , , , , , ,
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