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Change to Win
Change to Win Calls on Congress to Rein in $3.6 Billion Merrill Lynch Bonus Payments
April 12th, 2009
Change to Win called on Congress today to amend the critical tax legislation to recover the unwarranted and outrageous bonuses to failing managers of AIG and other bailout recipients to include the $3.6 billion in bonuses Bank of America allowed Merrill Lynch to secretly pay in advance of its merger. "The Merrill Lynch bonus pool is one of the most egregious bonus fiascos on Wall Street," said Change to Win chair Anna Burger. "American taxpayers are tired of repeatedly seeing corporate excess rewarded, but adding insult to injury, they are now being asked to reward corporate failure. Enough is enough." "It's time for Congress to put an end to these...
Source: Pharma Investments, Ventures & Law Weekly (2009-04-12)
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