Merrill Secretly Moved Up Bonus Payments

by Benjamin Domenech on 9:23 am February 11, 2009

NEW YORK (Reuters) – Merrill Lynch secretly accelerated bonus payments and gave at least $1 million to each of nearly 700 employees as the brokerage was amassing billions of dollars of losses, New York Attorney General Andrew Cuomo said in a letter to Rep. Barney Frank.

Previous post:

Next post: