Even as Merrill Lynch & Co. bled money and warily eyed a merger with Bank of America, company executives were preparing for a windfall.
Following the federal government's promise of $10 billion in TARP funds to buoy the ailing firm, Merrill paid out $3.6 billion in bonuses: a package 22 times larger than compensation given by AIG.
Link:
http://rawstory.com/news/2008/Merrill_Lynch_bonuses_20_times_greater_0330.html
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