Top Merrill Pair Could Be in Line for [Pounds]26 Million

Evening Standard - London › September 16, 2008

Linked as:

Summary

MERRILL Lynch chief executive John Thain and his head of trading could pocket $47 million ([pounds]26.1 million) if they leave the bank, or take lesser roles under Bank of America ownership.

Thain, brought in last December after Stan O'Neal was thrown out of the top job, stands to collect about $11 million on the vesting of free shares if he does not stay after the sale.

See the full content of this document

Extract

Top Merrill Pair Could Be in Line for [Pounds]26 Million

Trading chief Thomas Montag would get $30 million in stoc...

See the full content of this document