Bank Bonus Showdown: Just Who Approved $3.6 Billion Payout?

Bank of America President Ken Lewis was confronted by the lawyers for New York Attorney General Anthony Cuomo this afternoon over his statements that he had "no authority" over $3.6 billion in bonuses paid to Merrill Lynch executives last December. Investigators say corporate documents obtained by the attorney general suggest otherwise. Lewis arrived at the attorney general's offices after a flight from Charlotte, N.C., on a $50 million G-5 luxury corporate jet, one of nine corporate jets...Full Story
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