Wall Street's five biggest firms paid more than $3 billion in the last five years to their top executives, while they presided over the packaging and sale of loans that helped bring down the investment-banking system.
Merrill Lynch & Co. paid its chief executives the most, with Stanley O'Neal taking in $172 million from 2003 to 2007 and John Thain getting $86 million, including a signing bonus, after beginning work in December. The company agreed to be acquired by Bank of America Corp. for about $50 billion on Sept. 15. Bear Stearns Cos.'s James ``Jimmy'' Cayne made $161 million before the company collapsed and was sold to JPMorgan Chase & Co. in June.
Wall Street Executives Made $3 Billion Before Crisis
US workers at John Deere plants have accused the company of acting on “greed” as America’s...
About two weeks since its meteoric debut, shares of Truth Social are slumping, wiping out billions...
The Dow Jones Industrial Average surpassed 40,000 points on Thursday for the first time ever, signaling...
The US workforce added 303,000 jobs last month, far more than expected and the 39th straight...
