Sun Shines on Bonus Buster Andrew Cuomo


The Bonus Buster today tasted sweet, sweet victory. New York judge Bernard Fried denied Bank of America’s argument that compensation information is a trade secret, and granted Attorney General Andrew Cuomo permission to reveal the names of Merrill Lynch employees who raked in $3.6 billion in bonuses last year as the firm hemorrhaged money, necessitating its sale to BofA. “Let the sun shine in,” the Bonus Buster actually, honest-to-blog, said of the decision in a statement today. “Justice Fried’s decision will now lift the shroud of secrecy … Taxpayers demand and deserve transparency and now they will finally get it.” Everyone ready for public outrage scandal part two? [Bloomberg]