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Former Merrill Lynch Exec takes bailout money to buy palatial digs

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Uploaded by on Dec 30, 2008

Peter Kraus worked hard in the three months he spent at Merrill Lynch this fall — and the $25 million in bonus cash he earned for his troubles was just enough to allow him to afford to buy Carl and Barbaralee Spielvogel's apartment at 720 Park for $36.63 million, twice what they paid for it two years ago.

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  • they were bleeding money because the managers took everything and left nothing for clients, shareholders or employees. Merrill lynch management is the scum of the earth

  • The top managers at Merrill Lynch are absolute criminals. Where are is the DOJ?

  • Krause signed on knowing that the company ownership would change. It was inside information that the buddies who hired him informed him of.

  • What company guarantees a ceo 25 mil in the case of a change of ownership? What service does this guy provide that is worth that much?

  • No wonder the US Taxpayer is asked to bail out these financial centers - THEY'RE PAYING THEIR CEOS TOO MUCH!

  • Krause signed on knowing that the company ownership would change. It was inside information that the buddies who hired him informed him of.

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