Citigroup lost $9.83 billion in the fourth quarter.
Merrill lost $9.8 billion in the fourth quarter.
No wait, make that $16 billion.
Yet Merrill paid $15.9 billion in compensation and benefits to 64,200 employees.
Seems like they should have nixed the bonuses and they would have come out even. Glad I'm not a stockholder. Looks like the only industry not accountable to stockholders are the brokerage firms.
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