MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, March 5, 2009 AllianceBernstein Chief Faces Scrutiny Over His (Pricey) Merrill Past AllianceBernstein CEO Peter Kraus is among the former Merrill Lynch executives subpoenaed by New York State Attorney General Andrew Cuomo 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 (see The MFWire, 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. Printed from: MFWire.com/story.asp?s=20935 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |