Friday, Mar 06, 2009
Nor is there a reasonable or relevant reason to disclose such information to the general public
Bloomberg: Bank of America Says Bonus Disclosure Will Harm It
Bank of America Corp. will suffer "grave and irreparable harm" if Merrill Lynch & Co. employees paid $3.6 billion in bonuses just before the firm's acquisition by the bank are publicly identified, its lawyers said.
Bank of America today filed documents in state court in Manhattan to intervene in a case brought by New York Attorney General Andrew Cuomo to compel former Merrill Chief Executive Officer John Thain to testify about the bonus recipients.
"Neither the individual names nor the job titles bear any reasonable or relevant relationship" to Cuomo's investigation, the firms argued in the documents. "Nor is there a reasonable or relevant reason to disclose such information to the general public."
Posted by troy @ 07:07 PM (459 views) Add Comment
3 Comments
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1. troy said...
my original source :-
http://www.sott.net/articles/show/178160-Bank-of-America-Says-Bonus-Disclosure-Will-Harm-It
Bank of America Says Bonus Disclosure Will Harm It
Karen Freifeld
Bloomberg
Fri, 06 Mar 2009 02:00 UTC
Bank of America Corp. will suffer "grave and irreparable harm" if Merrill Lynch & Co. employees paid $3.6 billion in bonuses just before the firm's acquisition by the bank are publicly identified, its lawyers said.
2. troy said...
I have to admit I am confused over why SOTT articles seem to be so controversial
and so does Mary
3. last_days_of_disco said...
Damn right it will harm them.
THis is a witch hunt and the fun is only starting...