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Merrill CEO O'Neal gets $46 million, third biggest among major Wall Street investment houses

Merrill CEO O'Neal gets $46 million, third biggest among major Wall Street investment houses

Merrill Lynch & Co. Chief Executive Stanley O'Neal received $46 million (euro35.4 million) in salary and bonuses in 2006, ranking him as the third-highest paid CEO on Wall Street.
The largest U.S. brokerage said O'Neal received $18.5 million (euro14.2 million) in cash as a performance bonus this year, and a $700,000 (euro538,255) salary. He also was awarded $26.8 million (euro20.6 million) in stock that vests between 2008 and 2011, according to a filing with the Securities and Exchange Commission.
This puts him among the highest paid CEOs among the big five U.S. Wall Street banks, which include Morgan Stanley Inc., Lehman Brothers Holdings Inc., Bear Stearns Cos., and Goldman Sachs Group Inc. The big paydays for the executives of these companies reflects a record year on Wall Street during 2006, when the Dow Jones industrials rallied to new highs and there was more than $4 trillion (euro3.1 trillion) in acquisition activity.
The biggest pay package went to Goldman Sachs CEO Lloyd Blankfein, who was awarded $53.4 million (euro41.1 million) in cash and stock. Second was Morgan Stanley's John Mack, who received $40 million (euro30.8 million) in cash and stock.


Updated : 2021-04-22 02:41 GMT+08:00