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New Merrill boss Thain gets $15 million bonus

Fri Nov 16, 2007 5:23pm EST

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NEW YORK, Nov 16 (Reuters) - Merrill Lynch & Co Inc's new Chief Executive John Thain will receive a $15 million bonus this year and 1.8 million stock options, the company said on Friday.

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Thain, former leader of NYSE Euronext (NYX.N), will receive the cash bonus from Merrill in recognition he will not receive a bonus this year from NYSE, Merrill said. His base salary will be $750,000.

Thain also will receive 500,000 units of restricted stock. (Reporting by Tim McLaughlin; Editing by Gary Hill)

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