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Thain resigns from Bank of America

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posted on Jan, 22 2009 @ 01:18 PM

NEW YORK – Former Merrill Lynch & Co. CEO John Thain resigned from Bank of America Corp. Thursday following news that Merrill had moved up its yearend bonuses, paying them just before BofA completed its acquisition of Merrill and sought more government bailout money

The bonuses to Merrill Lynch executives were also paid out as the company prepared to report a $15.45 billion fourth-quarter loss — a loss that led Bank of America to request and receive $20 billion in government bailout money. Merrill also received bailout funds.

Yahoo News

That scumbag should be in a federal pen and all his assests taken.

All the corporate exec's that got that money should be in federal pen and all their money taken.

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