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19 Jan 09

BofA Furious with Merrill, Thain Over Losses by Wall Street & Technology

What kind of performance deserves a $10 million bonus?

Does having led your company to the brink of failure, only to be "rescued" by an acquisition of the largest bank in the nation, supported with a government guarantee, qualify?

Apparently, the CEO of Merrill Lynch thought so.

Sheesh -- these guys need to live in the real world.

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