Can this job really be "worth" $50 million? There are no competent alternatives for less?
It's on days like this that one remembers that they have a bleacher seat in the game of life, I guess:
John A. Thain, the new chief executive of Merrill Lynch, can expect an initial pay package of nearly $50 million as he tries to restore the firm’s reputation and risk- management practices as it grapples with the subprime mortgage problems.
The pay package, largely made up of stock and options, could be worth more than $120 million if Merrill stock rises more than $40 a share in the next two years.
The pay package, largely made up of stock and options, could be worth more than $120 million if Merrill stock rises more than $40 a share in the next two years.
