How the bank lined executives pockets before tanking.
Has life aboard a sinking ship ever been so luxurious? While Merrill Lynch lost $27.6 billion last year, the former investment bank still managed to pay out cash bonuses of more than $10 million to 11 executives and more than $3 million to 149 more. New York State Attorney General Andrew Cuomo is investigating the $3.6 billion bonuses paid by Merrill in the days before it was taken over by Bank of America.
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