Merrill Lynch Executives Subpoenaed Over Bonuses

from National Public Radio

New York Attorney General Andrew Cuomo has subpoenaed seven former Merrill Lynch executives. The seven received bonuses of $10 million or more. The bonuses were given just before Merrill reported nearly $30 billion in losses for the year. Cuomo wants to know when the bonuses were set, and whether they violated any securities laws.

Broadcast Dates

• Morning Edition, March 5, 2009