CNBC: Merrill Employee "Inappropriately Relieved" Himself After Downsized Bonus

CNBC: Merrill Employee "Inappropriately Relieved" Himself After Downsized Bonus

Earlier this afternoon, CNBC's Charlie Gasparino reported that some guy in Merrill Lynch's fixed income research group had "inappropriately relieved" himself in protest of the downsizing of his bonus. Merrill has officially explained that this was simply an unfortunate accident, and then the bank turned red and scurried to the other side of the room.

We've been digging into this story because the way it's told by the delicate souls at CNBC, it's way to vague. What worse, the vagueness is giving rise to rumors that are totally untrue. It's fast becoming the Wall Street equivalent of an urban legends. Here's what didn't happen: a guy did not urinate on his desk because he was "pissed off." The real story is so much worse.

In the first place, it wasn't piss. It was shit. DealBreaker can confirm this much.

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