BofA Merrill Lynch Executives “Bracing” for Lowest Bonuses on Wall Street

Dec 14, 2011
J. Webster
Comments Off on BofA Merrill Lynch Executives “Bracing” for Lowest Bonuses on Wall Street

To me, “bracing” just doesn’t seem like the right word to use here, especially in light of their stock price and their past history. The BofA Merril Lynch executives that Charlie Gasparino is talking about are still getting bonuses, right? It’s not like they’re getting stiffed. How come they’re bracing for that?

It’s as though they have to find a chair to sit down on or something to hold themselves up against the railing before they hear the news of a lower bonus. Again, they should be glad their getting a bonus. What’s more, they should just be happy that no clawbacks are in place. I’m going to go out on a limb here and say their are some families across the country bracing themselves for the winter months ahead while they struggle to find work. And everyone knows the only way you get a big bonus at BofA Merrill Lynch is if you’re fired.

Oh, now in the actual video on Fox Business News it looks like Charlie Gasparino eases back on this with some understanding that maybe they should be happy with whatever bonus they receive if any.

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