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Open and fund the account with at least $2,000 in cash or securities by Dec. 31, 2024. Here are the cash bonus tiers for this offer: To receive a $50 bonus, transfer $2,000-$4,999. To receive a ...
John Thain. John Alexander Thain (born May 26, 1955) is an American financial executive and investment banker. He was president and co-COO of Goldman Sachs, and then CEO of the New York Stock Exchange. Thain then became the last chairman and CEO of Merrill Lynch & Co. before its merger with Bank of America.
Merrill Lynch & Co., formally Merrill Lynch, Pierce, Fenner & Smith Incorporated, was a publicly-traded American investment bank that existed independently from 1914 until January 2009 before being acquired by Bank of America and rolled into BofA Securities . The firm engaged in prime brokerage and broker-dealer activities and was headquartered ...
In 2008, Merrill Lynch arranged for payment $3.6 billion in bonuses, one-third of the money received from the Troubled Asset Relief Program, for performance that year in what appeared to be "special timing," despite reported losses of $27 billion the same year.
The same year it received $10 billion in aid from the government, it also paid out multimillion-dollar bonuses to 603 employees and hundreds more received million-dollar bonuses. The total paid in bonuses was $4.82 billion. Morgan Stanley received $10 billion in TARP funds and paid out $4.475 billion in bonuses.
Former Merrill Lynch CEO, John Thain, gave out up to $4 billion in bonuses before Bank of America took the company over. Normally, bonuses are paid in January, but they were rushed to beat the Jan ...
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