No $10 Million Bonus for Merrill CEO

On the heels of a report in the Wall Street Journal that he was seeking a $10 million bonus and a blistering letter from New York Attorney General Andrew Cuomo, Merrill Lynch CEO John Thain, as well as four other key members of Merrill management - the Chief Operating Officer, the Chief Financial Officer, the General Counsel and the President of Global Wealth Management - all will forego bonuses this year, according to the ABC News Business Unit. New York's Attorney General Andrew Cuomo said...Full Story