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Good-bye, friends.

the greatest depression

Merrill Lynch CEO John Thain Gives Up on Bonus

What a difference a day makes! The Journal earlier today: "Mr. Thain had been for months making his case to the board's four-person compensation committee that he deserves a multi-million bonus and in recent weeks suggested it should be between $5 million and $10 million, according to people familiar with the matter."

And now: "Mr. Thain, according to one person close to the firm, today officially requested he not get a bonus." [WSJ]

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