More Pressure on Thain to Reveal Merrill Executive Bonuses

A New York State Supreme Court Judge has ordered former Merrill Lynch CEO John Thain to return to the office of state Attorney General Andrew Cuomo and this time comply with the terms of a subpoena by answering questions concerning how much bonus money was paid to his top 200 employees just before the firm was sold to Bank of America, officials said. Thain was deposed by Cuomo's office Thursday in a combative all day deposition where he refused to disclose the details of how $3.6 billion in...Full Story
Commenting on this article is closed.