Merrill Lynch CEO John Thain is tangling with the bank's board over a $10 million annual bonus he says he deserves for "saving" the firm and selling it to Bank of America. [Reuters]
Ken Griffin's Citadel is closing up shop in Tokyo. [Bloomberg]
UBS may be planning to shed another 4,500 jobs. [DB]
Sam Zell's Tribune Co. has retained Lazard to assist the company with a possible bankruptcy filing. [WSJ]
The outlook is increasingly grim for Wesley Edens' Fortress Investment Group: Shares have gone down more than 90 percent this year. [NYP]
Plenty of problems also face Leon Black and his Apollo Management. [NYT]
But it's been a good year for hedge fund manager Jim Chanos, despite the whole Ashley Dupre thing. [NYM]
Stocks are expected to gain big today with the news of an auto bailout. [CNN]