we were NOT going to get raises this year (well our review period for raises comes up in march). i'm not shocked by that and i guess i understand. i'd rather have a job than a raise (and i'd rather my coworkers have THEIR jobs too).
BUT THIS my dears takes stones (and NOT the good kind i mentioned a post or two ago)
Disgusting: Bought Out Merrill CEO Wants $10 Million Bonus
Posted by Staff, Huffington Post
From the Wall Street Journal:
Merrill Lynch & Co. chief John Thain has suggested to directors that he get a 2008 bonus of as much as $10 million, but the battered securities firm's compensation committee is resisting his request, according to people familiar with the situation.
The committee and full board are scheduled to meet Monday to hear Mr. Thain's formal bonus recommendations for himself and other senior executives of the New York company. No decision has been reached, and it isn't known what Mr. Thain will recommend, but the compensation committee is leaning toward denying the executives bonuses for this year, these people said.
Reuters points out that several other Wall Street firms, including Goldman Sachs, will not be giving out bonuses to top executives this year. Though Thain's company was sold to Bank of America after losing a net $11.67 billion this year, Thain argued that it could have been worse........
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