Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, October 29, 2007

O'Neal Will Get About $159 Million to Leave

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.

http://lawprofessors.typepad.com/securities/2007/10/oneal-will-get-.html

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