O’Neal’s $160 million parachute: Merrill Lynch’s reward for failure
Tuesday, October 30th, 2007Merrill Lynch has shown the world that it’s possible to get rich from failure, at least on Wall Street, with its announcement yesterday that after a loss of $2.2 billion last quarter following an $8.4 billion write-down, its former CEO Stanley O’Neal is walking away with more than $160 million.
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