(Reuters) – Merrill Lynch & Co Chief Executive John Thain has suggested to directors that he get a 2008 bonus of as much as $10 million, but the battered company’s compensation committee is resisting his request, the Wall Street Journal said, citing people familiar with the situation.
The compensation committee has not reached a decision, but is leaning toward denying Thain and other senior executives bonuses for this year, the people told the paper.
Let me get this straight: this clown becomes CEO a little over a year ago, after the board ousts the previous CEO in the wake of “losses in mortgage-related investments”, and proceeds to then preside over the takeover of ML by BoA because the company is still b0rked. He then has the cojones to demand that they compensate him to the tune of ten million fucking dollars? What for, hitting the lights on his way out?
What. The. Fuck.