Reversal of fortune: Thain was brought in last December to bring clarity to Merrill's financial situation, but that's proved harder to do than the boss apparently thought.
Why others are miserable: Merrill raised billions in December by selling stock to Singaporean sovereign wealth fund Temasek and others. But like WaMu, Merrill agreed to pay investors if its shares fell and new capital needed to be raised. Making good on that promise last month cost Merrill $2.5 billion.
What he makes: Thain made $17.3 million last year, largely reflecting a $15 million signing bonus.
What shareholders have lost: $47 billion (66%). Bespoke Investment Group notes the company's recent market capitalization, at $25 billion, is less than the $30 billion in capital Merrill has raised.
Misery Index: 83
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