Merrill's O'Neal receives $48m

Stan O'Neal, chairman and chief executive of Merrill Lynch, will benefit from an increase in his total pay package by nearly a third after the bank reported record results for last year.

O'Neal's total pay included $18.5m (€14.2m) in a cash bonus and stock of $28.8m in addition to his basic salary, according to a filing with the US Securities and Exchange Commission.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire