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Merrill's Thain seeking 2008 bonus of $10 million: report

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CEOs Who Should -- and Should Not -- Get Bonuses This Year


For chief executives seeking annual bonuses, this will be a tough year.

Trouble in the economy made it difficult, if not impossible, for even the best managers to meet goals that corporate boards set for chief executives at the start of 2008. And even if corporate boards want to reward CEOs for doing a good job in a bad environment, it doesn't look good to give something extra to executives while employees are being laid off and shareholders have seen stock prices plunge.



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Merrill chief Thain withdraws request for bonus

Troubled US bank Merrill Lynch said chairman and chief executive John Thain has withdrawn his request for a bonus this year amid rising public anger Wall Street's role in the country's financial crisis.



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