O'Neal's $160 million parachute: Merrill Lynch's reward for failure - NewsCloud.com

O'Neal's $160 million parachute: Merrill Lynch's reward for failure - NewsCloud.com: "Merrill Lynch has shown the world that it's possible to get rich from failure, at least on Wall Street, with its announcement yesterday that after a loss of $2.2 billion last quarter following an $8.4 billion write-down, its former CEO Stanley O'Neal is walking away with more than $160 million. The investment bank said O'Neal and the board had 'both agreed that a change in leadership would best enable Merrill Lynch to move forward and focus on maintaining the strong operating performance of its businesses.'"