{"id":9310,"date":"2008-12-08T00:00:00","date_gmt":"2008-12-08T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"merrills-thain-seeking-2008-bonus-of-10-million","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/merrills-thain-seeking-2008-bonus-of-10-million.html","title":{"rendered":"Merrill&#8217;s Thain seeking 2008 bonus of $10 million"},"content":{"rendered":"<p>Reuters &#8211; Merrill Lynch &amp; Co <span class=\"yshortcuts\">Chief Executive<\/span> <span class=\"yshortcuts\">John Thain<\/span> has suggested to directors that he get a 2008 bonus of as much as $10 million, but the battered company&#8217;s compensation committee is resisting his request, the <span class=\"yshortcuts\">Wall Street Journal<\/span> said, citing people familiar with the situation. <\/p>\n<p>The compensation committee has not reached a decision, but is leaning toward denying Thain and other senior executives bonuses for this year, the people told the paper.<\/p>\n<p>Merrill could not be immediately reached for comment.<\/p>\n<p>Shareholders on Friday approved <span class=\"yshortcuts\">Bank of America Corp&#8217;s takeover<\/span> of Merrill, a deal fraught with risk but one that would create a banking giant with a leading position in almost every major area of the financial system.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.reuters.com\/article\/topNews\/idUSTRE4B70X520081208?feedType=RSS&#038;feedName=topNews\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Merrill Lynch &amp; Co Chief Executive John Thain has suggested to directors that he get a 2008 bonus of as much as $10 million, but the battered company&#8217;s compensation committee is resisting his request, the Wall Street Journal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[140,364,2232,1330,419,242,117,147,397,81,243,103,1258,787,4065],"class_list":["post-9310","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-alan-greenspan","tag-allianz","tag-assurances","tag-bitz","tag-default-status","tag-img-src","tag-investment-arm","tag-journalism","tag-months-of-the-year","tag-newcastle","tag-percent-stake","tag-pergam-finance","tag-remorse","tag-starting-a-hedge-fund","tag-top-performers"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9310"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9310\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}