John Thain's House. See http://images.google.com/imgres?imgurl=http://thumbsll.virtualglobetrotting.com/4/1/41035.gif&imgrefurl=http://virtualglobetrotting.com/map/60125/nearby/&usg=__VsEWZdq-dNEjiBT4SQ5Myhua2Ko=&h=150&w=150&sz=7&hl=en&start=1&um=1&tbnid=X13JIM99ZRg9GM:&tbnh=96&tbnw=96&prev=/images%3Fq%3Djohn%2Bthain%2527s%2Bhouse%26um%3D1%26hl%3Den%26sa%3DNWARNING: Your gag reflexes may not be able to handle the following...
According to http://www.cnbc.com/id/28107594
Merrill Lynch Chief Executive John Thain has suggested to directors that he get a 2008 bonus of as much as $10 million, but the battered company's compensation committee is resisting his request, the Wall Street Journal said, citing people familiar with the situation.
The compensation committee has not reached a decision, but is leaning toward denying Thain and other senior executives bonuses for this year, the people told the paper...
Thain has said he deserves a bonus because he helped avert what could have been a much larger crisis at the firm, people familiar with his thinking told the WSJ. Members of Merrill's compensation committee agree with Thain that the takeover is in shareholders' best interest, but believe it would be foolish to ignore strong public sentiment against large compensation packages, the paper said, citing people familiar with their thinking....
For Full Article See the Above Link.
No comments:
Post a Comment