STEVE INSKEEP, host: In NPR's business news, CEOs who got bonuses now get subpoenas.</s>STEVE INSKEEP, host: Some people have all the luck. New York Attorney General Andrew Cuomo yesterday subpoenaed seven Merrill Lynch executives. He wants to ask them about their bonuses. Cuomo is already investigating billions of dollars in bonuses given to Merrill Lynch employees just before the investment bank merged with Bank of America. The subpoenaed employees receive bonuses of $10 million or more, which were given just before Merrill happened to report nearly $30 billion in loses for the year. Cuomo wants to know when those bonuses were set and whether they violate any securities laws.
New York Attorney General Andrew Cuomo has subpoenaed seven former Merrill Lynch executives. The seven received bonuses of $10 million or more. The bonuses were given just before Merrill reported nearly $30 billion in losses for the year. Cuomo wants to know when the bonuses were set, and whether they violated any securities laws.