CEO Peter Kraus
is among the former Merrill Lynch
executives subpoenaed by New York State Attorney General Andrew
as part of a probe into whether bonuses given to Merrill officials violated securities laws,
The Wall Street Journal
reported Thursday. The subpoenas were issued to executives who got paid more than $10 million in cash and stock last year.
Kraus, who joined AllianceBernstein as chairman and CEO in December
12/22/08), was previously head of global strategy at Merrill Lynch. He joined that firm
last September, a few weeks before Merrill decided to sell itself to Bank of America. Kraus had an employment contract valued at $29.4 million, according to the report.
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