$9.83 billion is the amount of the fourth quarter loss that both Citicorp and Merrill Lynch announced this week. Both also still face an exposure of $18 billion on their real estate/mortgage/CDO investments, this, in Merrill's case,despite a write-off of $16.7 billion this quarter.
In 2007 Merrill managed to lose more than their net earnings from 2002 to 2006. How much of a package did the former CEO, Stanley O'Nealk walk away with for such a sterling performance?
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