• 11 Feb 2009 at 10:01 AM

You Will Listen To Every Damn Word He Has To Say

By William Richards

Picture 706.pngPretty sure even he’s bored of this topic by now, but, for the purposes of appearances, Attorney General Andrew Cuomo (seen here in this year’s school photo), is still rattling his sabre in the general direction of Merrill and its bonuses. Still at issue is the matter of MER paying employees earlier than usual, before Ken Lewis et al could take a whack at them, and now, an intern at the AG’s office has uncovered this:

Merrill Lynch paid out bonuses of more than $1 million to 696 people last year.

Cuomo Cites Big Bonuses At Merrill [NYT]

Comments (16)

  1. 1
    Posted by guest | February 11, 2009 at 10:03 AM

    cash?

  2. 2
    Posted by guest | February 11, 2009 at 10:04 AM

    Truly hilarious…..
    How many IB MDs are there at ML?
    Seems like jr. folks got the shaft

  3. 3
    Posted by Investorcluzo | February 11, 2009 at 10:11 AM

    Now we know who’s buying apartments in nyc…

  4. 4
    Posted by guest | February 11, 2009 at 10:16 AM

    As the recipient of a BAC donut, I sincerely wish Mr. Cuomo the best in his pointless endeavors.

  5. 5
    Posted by guest | February 11, 2009 at 10:18 AM

    Now that is some great hair, Mr. Cuomo.
    CG

  6. 6
    Posted by Anal_yst | February 11, 2009 at 10:32 AM

    @ Cluzo
    methinks even 700 millionaires fails to explain the still-inflated prices

  7. 7
    Posted by guest | February 11, 2009 at 10:56 AM

    Remember in Boondock Saints when Willem Dafoe screams, “THERE WAS A FIREFIGHTTTTTT” way over enthusiastically in the middle of the street?

  8. 8
    Posted by guest | February 11, 2009 at 10:58 AM

    7 here again, i meant to put that in another post. I’m just gunna go ahead and do that.

  9. 9
    Posted by guest | February 11, 2009 at 11:13 AM

    didn’t read, too Gasparino

  10. 10
    Posted by guest | February 11, 2009 at 11:34 AM

    BAC MD’s have to be sick this morning…

  11. 11
    Posted by guest | February 11, 2009 at 11:57 AM

    Summary of ML contracts (NYT/WSJ):
    ———————————
    4 @ $30M
    20 @ $8M
    53 @ $5M
    149 @ $3M
    Non-contracts
    470 @ $1M
    If any of yoy think staying in one place or top-bucket will make you rich think again.

  12. 12
    Posted by guest | February 11, 2009 at 11:59 AM

    Summary of ML contracts (NYT/WSJ):
    ———————————
    4 @ $30M
    10 @ $12M
    20 @ $8M
    53 @ $5M
    149 @ $3M
    Non-contracts
    460 @ $1M
    If any of you think staying in one place or top-bucket will make you rich think again.

  13. 13
    Posted by guest | February 11, 2009 at 12:07 PM

    so 700 people got $1.5 Billion total
    and 10,000 bankers split the other $2 Billion

  14. 14
    Posted by guest | February 11, 2009 at 12:44 PM

    @13, the other 40k , not 10. Interestingly, Dealbreaker is not blocked at ML, at least for today. I guess they want us all to see this…

  15. 15
    Posted by guest | February 11, 2009 at 1:23 PM

    The US Government has the Social Security Number of every ML employee.
    Why not just decree that xx% of 2008 cash bonus must be returned to the government with 2008 Tax payment due on April 15th?

  16. 16
    Posted by Novice | February 11, 2009 at 3:49 PM

    @15 We’ll simplify it even further. Let’s set the percentage amount to, say, the marginal tax rate at which it was earned. QED get bent.

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