John Thain ahs actually asked the merrill Board for a $10 M bonus. He managed to pull off a merger at the last minute and he sold $30 B worth of sub prime for thirty cents on the dollar.
But as the article says, in the midst of bailout fatigue, I find it unbelievable that he would have the nerve to ask for such a thing, can you imagine being a typical merrill broker trying to make head or tails of what is going on, trying to hold on to your clients in the middle of absolute chaos in the markets and amidst a merger with B or A? This sort of thing will be a good topic for ethics class.
DLE
Professor Elam 
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