If you haven’t already please read part 1. How does a CEO end up with a bonus in the ten to hundreds of millions of dollars range? Why does the Board of Directors approve such outrageous payouts? Well… Any of them might be the next CEO & they all drool over that possibility. [...]
Merrill Lynch lost $11 billion this year and the CEO requested a $10 million bonus. The Board of Directors was actually considering it before the CEO withdrew the request amid a firestorm of criticism. Was there ever any possibility that lower level employees at Merrill Lynch would get a bonus? The bonus for 4000 Merrill [...]
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