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.
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
wonderererify 2 years ago
The top managers at Merrill Lynch are absolute criminals. Where are is the DOJ?
stano99x 2 years ago
Krause signed on knowing that the company ownership would change. It was inside information that the buddies who hired him informed him of.
superc 3 years ago
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?
9thunknownman 3 years ago 2
No wonder the US Taxpayer is asked to bail out these financial centers - THEY'RE PAYING THEIR CEOS TOO MUCH!
2luper 3 years ago 2
Krause signed on knowing that the company ownership would change. It was inside information that the buddies who hired him informed him of.
kalidyne 3 years ago 2