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Judge: Merrill Lynch Bonus Execs Names Are Not Secret
By
Jen Chung
Published Mar 19, 2009
Modified Mar 19, 2009
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By
Jen Chung
Published Mar 19, 2009
Modified Mar 19, 2009
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NY Attorney General Andrew Cuomo scored a win when a judge ruled that the names of Merrill Lynch employees who received big bonuses are not secret. New York State Supreme Court Justice Bernard Fried wrote, "The record does not support the intervenors' claim that the employee compensation information is a trade secret." Cuomo, who has been seizing outrage over crazy bonuses for employees at companies receiving bailouts funds, says he'll make the names of the Merrill employees public, possibly even today. While headhunter called it a "witch hunt," Cuomo said it was a "victory for taxpayers" and heeded this warning, "Bank of America [which took over Merrill Lynch] chose litigation over transparency and we are gratified that this tactic has failed. AIG should take heed and immediately turn over the list of bonus recipients we have subpoenaed."
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andrew cuomo
bonuses
executive compensation
Merrill Lynch
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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