1.0 link 149276 <![CDATA[Merrill Lynch Chief Fighting For Bigger 2008 Bonus]]> http://www.huffingtonpost.com/2008/12/08/merrill-lynch-chief-fight_n_149276.html Update 4:40pm EST:

Morgan Stanley's CEO John Mack has announced that he will not be getting a bonus for the second year in a row:

Morgan Stanley CEO John J. Mack is giving up a bonus for the second straight year amid a climate of bank failures, thousands of layoffs and an economic recession.

Mack said in a memo Monday to employees obtained by The Associated Press that he and the firm's two presidents, James Gorman and Walid...

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