Merrill's Million Dollar Men

While the investment bank Merrill Lynch was drowning in losses last year and looking for a savior to avert going out of business altogether (Bank of American eventually bought them), the following received million dollar bonuses:

[source: "The Wall Street Journal"]

• Thomas Montag: He was handed a $39.4 million pay package and Merrill stock awards valued at approximately $50 million. The stock awards were issued to replace stock he held in Goldman Sachs Group Inc., his previous employer.
• Andrea Orcel: He got $33.8 million in 2008. His 2007 package included a special $12 million bonus for advising Royal Bank of Scotland Group PLC and other acquirers of ABN Amro Holdings NV, a now-troubled deal.
• Peter Kraus: Given a $29.4 million contract and Merrill stock to replace his holdings in Goldman, where he used to work.
  
• David Gu: He made $18.7 million in 2008, down from $19.8 million in 2007.
• David Goodman: Merrill paid him $16.5 million in 2007 and another $16.5 million in 2008.

If you're wondering where your pay package is, contact your U.S. Representative or Senator.