Monday, October 29, 2007
What will soon-to-be former Merrill Lynch CEO Stanley O'Neal receive after the corporation lost $8.4 billion? The estimate for his walk-away compensation amounts to $159 million --- about $30 million in retirement benefits and another $129 million in stock and options. This is in addition to the approximately $160 million in total compensation during his almost-five years on the job. NYTimes, The Price of Any Departure Will Be at Least $159 Million.