That was quick. This morning, Merrill Lynch chief John Thain was lobbying for a $10 million bonus. By the early afternoon, Attorney General Andrew Cuomo had sent off a letter denouncing the idea. Now CNBC is reporting that Thain has relented and has accepted his bonus-less fate. He's not the only one. CNBC also reports that Morgan Stanley CEO John Mack won't be getting one either.
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