John Thain, former Merrill Lynch CEO, signed his resignation papers this morning after a significant 4th quarter loss.
BusinessWeek reports “the latest problem for Thain, a former head of the New York Stock Exchange (NYX), was news reports that some former top Merrill executives had gotten their bonuses on the eve of the brokerage’s merger with BofA, which raised eyebrows in light of the hefty $15.4 billion fourth-quarter loss. Thain also drew headlines in December 2008 when he sought a $10 million bonus from Merrill’s board, but he quickly backed away from that fight.”
Check out how some of the company salaries for BofA employees compare to those of Merrill Lynch employees.
Bank of America Salaries
Merrill Lynch Salaries
