The Investment Scientist

$4 billion bonus for Merrill Lynch executives

Posted on: February 5, 2009

It was reported a few days ago that Merrill Lynch lost a staggering $15.3 billion in 2008. That did not prevent their senior executives to pay themselves $4 billion bonus. In the words of John Thain, CEO of Merrill Lynch, that’s what it takes to keep the talents.

Continue to read how to avoid hidden fees by the like of Merrill Lynch financial advisors.

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Author

Michael Zhuang is principal of MZ Capital, a fee-only independent advisory firm based in Washington, DC. He is also a regular contributor to Morningstar Advisor and Physicians Practice. To explore a long-term wealth advisory relationship, schedule a discovery meeting (phone call) with him.



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