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Merrill Lynch Bonuses

Why It's Wrong When Wrongdoers Are Allowed to Admit No Wrongdoing

Arianna Huffington | Posted 11.10.2009 | Business

Read More: Merrill Lynch, JP Morgan, Jefferson County, Merrill Lynch Bonuses, Merrill Lynch Bank of America, Bank of America, SEC Bank of America, SEC BofA, Jefferson County Jp Morgan, Judge Jed Rakoff, Business News
Arianna Huffington

When corporate perpetrators don't have to admit they did anything wrong, it's as if the crime never happened. Which, of course, makes it much more likely that it will happen again.

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The Smartest Guy in the Room

Dan Collins | Posted 10.27.2009 | New York

Read More: Andrew Cuomo, Wall Street, Merrill Lynch Bonuses, Ken Lewis, Merrill Lynch Bank of America, Bank of America, Bernard Madoff, US Attorneys, Securities and Exchange Commission, Judge Jed Rakoff, New York News
Dan Collins

Shock waves from Judge Jed Rakoff's scathing denunciation of a proposed settlement between the SEC and the Bank of America are still rippling through Wall Street and Washington.

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Ken Lewis Bonus: BofA CEO's $53 Million Pension Plan

The Huffington Post | Lila Shapiro | Posted 10.02.2009 | Business

Read More: Ken Lewis Bonus, Merrill Lynch, Ken Lewis 53 Million, Ken Lewis, Merrill Lynch Bonuses, Ken Lewis Bonuses, Economic Crisis, Bank of America, Financial Crisis, Ken Lewis Pension Plan, Kenneth Feinberg, Ken Lewis Steps Down, Ken Lewis Pension, Business News

For those of you worried about Ken Lewis' financial well-being since his announcement on Wednesday night that he was stepping down as Bank of America'...

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B of A's Ken Lewis: Beware What You Wish For

Jill Schlesinger | Posted 10.01.2009 | Business

Read More: Bank of America, Andrew Cuomo, Merrill Lynch Bonuses, Ken Lewis, Judge Jed Rakoff, Merrill Lynch Bank of America, Business News
Jill Schlesinger

Ken Lewis likes to spring news on the market, which is why his resignation from Bank of America shouldn't have been all that surprising. But it was and here's why.

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Passive Bank Directors Pose Systemic Risks

Emma Coleman Jordan | Posted 09.24.2009 | Business

Read More: Bank of America, Disclosure, Merrill Lynch Bonuses, Judge Jed Rakoff, Taxpayer Money, Taxpayers, Business News
Emma Coleman Jordan

A new report finds that an amazing 92 percent of the directors of TARP recipients who were in place before the financial crisis of 2008 still hold their jobs.

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Judge Jed Rakoff Takes On Bank Of America, SEC In Merrill Ruling

New York Times | ZACHERY KOUWE | Posted 11.15.2009 | New York

Read More: Merrill Lynch Bonuses, Sec, Judge Rakoff, Securities and Exchange Commission, Judge Jed Rakoff, Merrill Bonuses, New York News

As President Obama traveled to Wall Street on Monday and chided bankers for their recklessness, across town a federal judge issued a far sharper rebuk...

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Andrew Cuomo To Charge Bank Of America Over Merrill Bonuses

AP | STEPHEN BERNARD | Posted 11.14.2009 | Business

Read More: Merrill Lynch, Andrew Cuomo, Bailout, Merrill Lynch Bonuses, Bank of America, Wall Street Bonuses, Business News

NEW YORK (AP) -- The New York Attorney General's office is preparing charges against several high-ranking Bank of America executives over the bank's a...

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Judge Wants SEC To Explain Why It Didn't Investigate BofA In Merrill Deal

AP | Marcy Gordon, AP Business Writer | Posted 09.26.2009 | Business

Read More: Merrill Lynch Bonuses, Merrill Lynch, Sec, Bank of America, Judge Jed Rakoff, Business News

WASHINGTON (AP) -- A judge on Tuesday ordered federal regulators to explain why they didn't investigate whether executives at Bank of America Corp. mi...

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Judge Jed S. Rakoff, A Legal Maverick

New York Times | LOUISE STORY | Posted 09.24.2009 | New York

Read More: Merrill Lynch Case, Merrill Lynch Bonuses, Merrill Lynch, Merrill Payouts, Merrill Lynch Payouts, Jed Rakoff, Sec, Judge Jed Rakoff, Securities and Exchange Commission, Merill Lynch, New York News

Jed S. Rakoff, a United States District Court judge in Manhattan, is not one to rubber-stamp administrative decisions. Known as a maverick in legal c...

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What's Wrong With Bonuses?

Adam Taylor | Posted 09.13.2009 | Business

Read More: Goldman Sachs Bonuses, Merrill Lynch Bonuses, Bonus Outrage, Bank of America, Bank of America Bonuses, Bonuses, Wall Street Bonuses, Business News
Adam Taylor

The bonus arms race began in the 80s, and has shown little sign of abating. In practice this has meant that bonuses have ceased to be performance related at all; instead, just a guaranteed sum.

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Letting the Banking Rats Out of the Bag

Robert Scheer | Posted 09.11.2009 | Business

Read More: Tarp, Robert Scheer, Treasury Department, TARP Money, Merrill Lynch Bonuses, Economy, Merrill Lynch Buyout, Bank of America, Obama Administration, BofA Bonuses, Bofa, Judge Jed Rakoff, BofA CEO, Merrill Lynch, Wall Street, Merrill BofA, Merrill Lynch Bank of America, Sec, Securities and Exchange Commission, Wall Street Bonuses, Business News
Robert Scheer

Why has it been left to one stellar judge to sound the alarm on Bank of America and Merrill Lynch, and why is Congress and the Obama administration looking the other way?

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SEC Should Get Tougher With BofA

Reuters | Rolfe Winkler | Posted 09.11.2009 | Business

Read More: Bank of America, Merrill Lynch, Kenneth Lewis, Merrill Lynch Bonuses, Ken Lewis, Business News

In the Bank of America (BAC.N) Merrill Lynch bonus imbroglio, the SEC has proposed a settlement in which, once again, the defendants neither admit nor...

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Judge Refuses To Approve Bank of America-SEC Settlement Over Exec Bonuses

Reuters | Posted 09.06.2009 | Business

Read More: Bank of America, Merrill Lynch Bonuses, Bofa, Bank of America Bonuses, SEC Bank of America, SEC BofA, Judge Jed Rakoff, Business News

NEW YORK (Reuters) - A federal judge refused to approve a settlement between a top U.S. regulator and Bank of America Corp (BAC.N) over executive bonu...

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BofA Chief Lewis: U.S. Wanted Me To Keep Quiet About Merrill Deal

Reuters | Posted 05.23.2009 | Business

Read More: Merrill Lynch, Bailout, Bank of America Ken Lewis, Ken Lewis, Merrill Lynch Bonuses, Bank of America, Ken-Lewis-Bonus, Ken Lewis Bonus, Business News

Bank of America Corp Chief Executive Kenneth Lewis testified under oath that U.S. Federal Reserve Chairman Ben Bernanke and then-Treasury Secretary He...

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Hank Paulson, The Unnamed "Decider" In The Merrill Lynch Saga

David Fiderer | Posted 05.16.2009 | Business

Read More: Merrill Lynch, Andrew Cuomo, John Thain, Lehman Brothers, Ken Lewis, Merrill Lynch Bonuses, Bank of America, Henry Paulson, Fortune, Sec, Financial TImes, Barclays, Mortgages, Financial Crisis, Credit Default Swaps, New York-New York, Business News
David Fiderer

Why would Merrill's senior management, with BofA's acknowledgment, base their internal year-end projections on the assumption that securities prices would recover so sharply?

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SEC To Review Whether BofA Broke The Law On Merrill Bonuses

Financial Times | Posted 05.14.2009 | Business

Read More: SEC Bank of America, SEC BofA, Merrill Lynch Bonuses, SEC Reviews Bank of America, SEC Reviews BofA, BofA Merrill Lynch Bonuses, Business News

The Securities and Exchange Commission is reviewing whether Bank of America broke the law by not telling shareholders about Merrill Lynch's plan to pa...

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Merrill Lynch Bonuses 22 Times The Size Of AIG

The Huffington Post | Megan Slack | Posted 04.30.2009 | Politics

Read More: Merrill Lynch, Aig, Merrill Lynch Bonuses, Aig Bonuses, Dennis Kucinich, Bonus Outrage, Politics News

Dennis Kucinich sent out a round of letters to top Treasury officials Monday morning, questioning how much they knew about bonuses paid to Merrill Lyn...

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Billions In Merrill Lynch Bonuses Would Elude Tax

NY Times | LOUISE STORY | Posted 04.20.2009 | Business

Read More: Merrill Lynch Bonuses, Merrill Lynch, Bailout Bandits, New Bonus Laws, Merill Bonus Tax, Merrill Bonuses, Bonus Tax, Bailout Outrage, Business News

Merrill Lynch's $3.6 billion bonus pool has been among the most controversial payouts on Wall Street. But most of those bonuses, which included some 7...

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Merrill Lynch Bonus Info Must Be Released, Judge Says

AP | IEVA M. AUGSTUMS and STEPHEN BERNARD | Posted 04.18.2009 | Business

Read More: Bank of America, Merrill Lynch, Andrew Cuomo, Merrill Lynch Bonuses, Bailout Outrage, Charlotte/North Carolina, Business News

CHARLOTTE, N.C. — A New York state judge on Wednesday ordered Bank of America Corp. to disclose information about bonuses given to employees at ...

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Merrill Bonus Recipients May Be Named Within A Week

AP | DAVID B. CARUSO | Posted 04.13.2009 | Business

Read More: Merrill Lynch, Andrew Cuomo, Merrill Cuomo, Cuomo Merrill Lynch, Cuomo Merrill, Merrill Lynch Bonuses, Bailout Outrage, Business News

NEW YORK — A judge said Friday he will decide within a week whether Bank of America Corp. has to turn over a list of performance bonuses given t...

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Cuomo Accuses Merrill Of "Misleading" Congress On Timing Of Bonuses

Huffington Post/AP | Marcus Baram | Posted 04.11.2009 | Business

Read More: Merrill Lynch Misleading, Merrill Lynch Bonuses, Merrill Lynch, Merrill Lynch Bank of America, Cuomo Merrill Lynch, Bailout Outrage, Business News

SCROLL DOWN FOR THE COURT FILING New York Attorney General Andrew Cuomo, in a court filing, accused Merrill Lynch of "misleading" Congress about the ...

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Cuomo: Bank of America Stymying Merrill Probe

Bloomberg | David Mildenberg and Karen Freifeld | Posted 04.06.2009 | Business

Read More: Bank of America, Merrill Lynch, Andrew Cuomo, Merrill Lynch Bonuses, Business News

New York Attorney General Andrew Cuomo told a New York Supreme Court judge that Bank of America Corp. is still interfering in his investigation into b...

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Merrill Lynch Gave Top Earners $209 Million In 2008 (SLIDESHOW)

Huffington Post | Katharine Zaleski | Posted 04.04.2009 | Business

Read More: Merrill Lynch Bonuses, Andrea Orcel, Andrew Cuomo, John Thain, Slideshow, Bailout Bandits, David Sobotka, Peter Kraus, Merill Lynch, Bailout Outrage, Business News

UPDATE: Some of the top earners at Merrill Lynch who were given $209 million in 2008 were subpoenaed by New York State Attorney General Andrew Cuomo o...

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NY Attorney General: Merrill Lynch "Secretly" Rushed Out Bonuses

Charlotte Observer | Christina Rexrode | Posted 03.14.2009 | Business

Read More: Merrill Lynch Bonuses, Merrill Lynch Secretly Rushed Bonuses, Merrill Lynch, Andrew Cuomo and Merrill Lynch, Andrew Cuomo, Business News

New York Attorney General Andrew Cuomo said in a letter Tuesday that Merrill Lynch executives secretly rushed out bonuses after Cuomo asked them to di...

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Merrill Lynch Blasted By NY Attorney General Cuomo For Giving $3.6 Billion In Bonuses

AP | STEPHEN BERNARD and IEVA M. AUGSTUMS | Posted 03.14.2009 | Politics

Read More: Merrill Lynch Bonuses, Bailout Bandits, Andrew Cuomo and Merrill Lynch, Andrew Cuomo, Politics News

NEW YORK — New York Attorney General Andrew Cuomo laid out further details Wednesday about $3.6 billion in bonuses Merrill Lynch & Co. executive...

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