Quote from today's FT.com: "Republican members (of Congress) are focused on the idea that officials put undue pressure on BofA to complete the deal (with Merrill Lynch)." What's that about? Have these Republican congresspeople forgotten which party...
A few months ago the Wall Street Journal reported that Merrill Lynch paid over $10 million to each of its top 11 executives last year while the firm was losing billions – they weren’t CEOs, they were deal makers, basically. This week the Los Angeles Business Journal...
This weblog has devoted space more than once to the sometimes ridiculous executive pay policies pursued by many Wall Street firms, notably including AIG and Merrill Lynch. I felt then and continue to feel now that many financial firms couldn't spell "pay for...
