Comments on: Bank of America paid $1.2 billion to Merrill associates…

By: Recessiongirl

Recessiongirl — Wed, 11 Mar 2009 17:13:32 +0000

Michelle,

Thanks for taking the time to decode 8K’s. You’re perspective is appreciated. I’ve posted you on my website under the ‘Recession 101′ link http://www.RecessionGirl.com. Thanks again.

By: TomH

TomH — Tue, 10 Mar 2009 02:16:51 +0000

The notion that vastly overpaid bank execs needed “retention” bonuses and “change in control” payouts is preposterous … they would have just jumped to the next bank and likley have gotten “signing” bonuses, to boot …

Under the circumstances, “change in control” is effectively legalized looting & stealing of wealth from BofA shareholders and taxpayers , to the same Merrill execs who torpedoed the company.

By: Frank Graham

Frank Graham — Thu, 05 Mar 2009 00:44:14 +0000

New York AG subpoenas Merrill execs on bonuses: WSJ
7:15p ET March 4, 2009 (MarketWatch)
SAN FRANCISCO (MarketWatch) — New York Attorney General Andrew Cuomo has issued subpoenas to Merrill Lynch executives who were paid more than $10 million each in cash and stock last year as the embattled investment firm was sliding toward a hasty merger with Bank of America Corp. , according to a media report Wednesday. The online edition of The Wall Street Journal, citing unnamed sources, reported that executives receiving subpoenas include Andrea Orcel, Thomas Montag and Peter Kraus. Cuomo is seeking testimony from the executives related to an investigation into whether the bonus payments violated securities laws, according to the report.

By: Quentin

Quentin — Wed, 04 Mar 2009 19:39:49 +0000

…just further proof of the one big corporate banking mafia!

By: NewHorizon

NewHorizon — Wed, 04 Mar 2009 16:44:07 +0000

Hmm, let me check…
Nope, not me.

Is it because I didn’t help kill a global financial services company?

By: david french

david french — Wed, 04 Mar 2009 15:27:17 +0000

Danny Tully