Cuomo Pushes for Merrill to Reject Bonus for Thain

Much criticism has been heard from New York’s Attorney General Andrew M. Cuomo who wrote in a letter to Merrill Lynch’s board of directors, “Current reports that the Board is considering giving Merrill’s Chief Executive Officer a $10 million bonus are nothing less than shocking.” June Grasso of Bloomberg Law sought perspective and remarks from Thomas Ajamie, financial fraud litigator.