You know all that "trade secret" garbage about how the recipients of bonuses had to remain private?? How the competition could steal top producers if names and bonus amonts were known?
Well the NY State Supreme Court thinks otherwise:
A New York state judge ruled Wednesday afternoon that New York’s attorney general could disclose the names of executives at Merrill Lynch who received 2008 bonuses ahead of Bank of America’s acquisition of the brokerage firm, rejecting arguments that the information was a trade secret.
"The record does not support the intervenors’ claim that the employee compensation information is a trade secret," Justice Bernard J. Fried of New York State Supreme Court wrote, referring to Merrill and Bank of America. He ordered them to turn over the list of names.
Order mandating disclosure here.
What makes me think that AIG is next in Cuomo's crosshairs??? And that he will get to the bottom of that swamp even if he has to drain the entire damn island to get to that particular street.
Thoughts? Is this the beginning of a winning streak for the good guys?