Bank of America must think that this is still the Bush Administration and they can get away with trying to be above the law. This can’t get much more disgusting. They know they aren’t going to be able to pay out jthe bonuses later so they bust their asses to pay them out early. It says all you need to know about the GREEDY culture that is at the top of Bank of America. This bullshit excuse that you have to pay the top people if you want to retain is tired and hollow. Where are they going to go? If they are so smart how come the bank is in the mess it is? Give me a break…
Let’s not forget that they are laying off thousands of people at this bank, hundreds of them in Delaware.
Today’s Wall Street Journal article on the $209 million given to Merrill Lynch’s top ten earners in 2008 takes the cake. The revelation is causing more problems for the company. The Wall Street Journal is reporting that,
“Bank of America is expected to file a motion on Wednesday in New York State Supreme Court to keep the compensation data from becoming public. Next week, Mr. Cuomo (NY’s Attorney General) intends to make his case that the data shouldn’t be kept confidential. A judge is expected to rule on March 13.”
Cuomo’s brother, Chris, also said on “Good Morning America” that Bank of America would be fighting to keep its pay structure secret.