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Almost 700 Merrill executives paid $1m-plus bonuses

 
poor guys...
User ID: 601793
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02/14/2009 11:13 AM
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Almost 700 Merrill executives paid $1m-plus bonuses
[link to www.ft.com]

Almost 700 Merrill executives paid $1m-plus bonuses
By Greg Farrell in New York

Published: February 11 2009 19:38 | Last updated: February 12 2009 00:14

Nearly 700 Merrill Lynch executives had cash bonuses of more than $1m each for last year, New York’s top law enforcement official disclosed on Wednesday.

Andrew Cuomo, New York’s attorney-general, called the bank’s decision to bring forward nearly $4bn of pay-outs a “surprising fit of corporate irresponsibility” that raised “serious and disturbing questions”.

Cuomo said the bonuses for 2008 were “disproportionately distributed to a small number of individuals”, with the top four recipients taking in a combined $121m.
Anonymous Coward
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02/14/2009 01:52 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
They need more.
anonanon

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02/14/2009 02:39 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
Our tax dollars "at work." No doubt there will be even more to come with the lastest trillion dollar bailout proposal coming next week.
Anonymous Coward
User ID: 594492
United States
02/14/2009 03:16 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
And, 40% went back to the feds...cycle-tronic finance.
Anonymous Coward
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02/14/2009 03:56 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
I love It!!!
LouisWinthorpeIII

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02/14/2009 03:58 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
It's all a pyramid scheme, they are just pulling their $$ out in the form of a bonus.

The best part is that the pyramid has collapsed, so they take your .gov money, pay the $100 fine and move on.

Isn't that what soviet justice is when you are "on the top"???

Remember some people are more equal then others.
"I don't know which was scarier...the speech...or the Congress cheering it. He evoked Lincoln. Whenever a President is going to get us into serious trouble...they always use Lincoln."
-2010
Tred
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02/14/2009 04:06 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
Uh Oh. We better give them millions of dollars so they can keep on destroying the company ...:
Anonymous Coward
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02/14/2009 04:09 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
Classic !!
Anonymous Coward
User ID: 478606
United States
02/14/2009 05:17 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
But we just don't understand, do we ? We shouldn't have a problem with it. After all, we're just sheeple....
Kat Mama

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02/14/2009 05:23 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
Anyone else catching on that the banksters and politicians are in a feeding frenzy free-for-all, damn the torpedoes and full speed ahead robbery and pillage at our expense??? I mean - come ON! They are SO blatant and in our faces, it's pathetic!

Hmmmm - must be they know they're going down and wanna catch all they can while they can. Methinks the pendulum is swinging too far in that one direction for this crap to sustain itself....
CONDEMNATION without INVESTIGATION is the HIGHEST form of IGNORANCE
Anonymous Coward
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Ireland
02/14/2009 05:55 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses

[link to www.youtube.com]
Anonymous Coward
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02/14/2009 06:20 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
For some odd reason, I'm not surprised, shocked, disappointed, angry - anything.
Anonymous Coward
User ID: 614828
United Kingdom
02/14/2009 06:36 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
For some odd reason, I'm not surprised, shocked, disappointed, angry - anything.
 Quoting: Anonymous Coward 477332


excellent

we need cold fuckers like you to kick the chairs from under their feet!

thumbs

ROPE!
Anonymous Coward
User ID: 569622
United States
02/14/2009 06:54 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
Fuckers.
ML EXECUTIVE
User ID: 615209
United States
02/14/2009 07:02 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
I WAS ONE OF THE ML EXECUTIVES, ME AND MY FAMILLY ARE GOING TO THE BAHAMAS WOOT :D
Anonymous Coward
User ID: 77394
United States
02/14/2009 08:41 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
May the bird of paradise fly up their nose and elephant caress
their toes and the people throw steel toed boots at them. If they don't give to helpless people, may all their bonuses turn to dust, on the toes the elephant caressed.
Anonymous Coward (OP)
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02/14/2009 09:04 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
I WAS ONE OF THE ML EXECUTIVES, ME AND MY FAMILLY ARE GOING TO THE BAHAMAS WOOT :D
 Quoting: ML EXECUTIVE 615209


norespect
Anonymous Coward
User ID: 602429
United States
02/14/2009 09:07 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
Anyone else catching on that the banksters and politicians are in a feeding frenzy free-for-all, damn the torpedoes and full speed ahead robbery and pillage at our expense??? I mean - come ON! They are SO blatant and in our faces, it's pathetic!

Hmmmm - must be they know they're going down and wanna catch all they can while they can. Methinks the pendulum is swinging too far in that one direction for this crap to sustain itself....
 Quoting: Kat Mama


There is an INCOMING ASTEROID THAT IS 8 MILES WIDE AND DOING 20,000 MILES PER HOUR.

THIS IS NOT A JOKE.
Anonymous Coward
User ID: 601029
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02/14/2009 09:08 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
why not just give them 1 billion each they earned it.
Anonymous Coward
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02/14/2009 09:20 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
The good little soldiers of the corporate heirchy are getting paid well. While the rest of us are loosing our jobs and suffering.

Seems fair doesn't it.
Anonymous Coward
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United States
02/14/2009 09:22 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
Hobbled Swiss banking giant Credit Suisse will pay bonuses too, but they're paying them by handing out stock in a new hedge fund comprised of toxic investments. Pretty clever if you ask me.


[link to www.independent.co.uk]
Ricfly52

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02/14/2009 09:26 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
why not just give them 1 billion each they earned it.
 Quoting: aznwarlord


Heck no! Give them a trillion. That seems to be the popular number these days!
Fishing and skiing keeps me a little sane.
Anonymous Coward
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United States
02/14/2009 09:32 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
Hobbled Swiss banking giant Credit Suisse will pay bonuses too, but they're paying them by handing out stock in a new hedge fund comprised of toxic investments. Pretty clever if you ask me.


[link to www.independent.co.uk]
 Quoting: Anonymous Coward 615249


What is going on. The economys of the world are collapsing and the thugs that stole set it up are getting paid millions.

Its either shut up money. Or they're setting these people that are in the know up to try and survive very well when the big crash occurs. MY guess is its a bit of both. YOu play ball with us and you'll survive well. While the rest of the rabble will suffer greatly. NIce way to run a world.
Anonymous Coward
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United States
02/14/2009 09:41 PM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
How come nobody is howling about this bailout money being "inflationary"?

But let Obama try to give a little pittance back (as in it started out as our hard earned money in the first place) to the wage slaves, and they are so well-trained that they chirp and flutter about the Stimulus...inflationary...bad...welfare...socialism.
Anonymous Coward
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02/15/2009 11:52 AM
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Re: Almost 700 Merrill executives paid $1m-plus bonuses
Is the TARP money a credit for the corporation or a handout? I'm still confused on that one.


GLP bank and trust.





GLP