O'Neal Skates With $160 Million

Stock quotes in this article: MER , WB  

It's the usual rewriting of history.

It's only been 21 months since the same board members were lavishing O'Neal with praise and a special $36 million bonus for doing such a good job.

They gave him another $18.5 million cash bonus plus another $27 million in stock and $2 million in extra incentives just last January.

Turns out they were embracing him and kissing him on the cheek almost up to the moment when they stuck in the shiv. "Mother Merrill" my eye.

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In keeping with TSC's editorial policy, Brett Arends doesn't own or short individual stocks. He also doesn't invest in hedge funds or other private investment partnerships. Arends takes a critical look inside mutual funds and the personal finance industry in a twice-weekly column that ranges from investment advice for the general reader to the industry's latest scoop. Prior to joining TheStreet.com in 2006, he worked for more than two years at the Boston Herald, where he revived the paper's well-known 'On State Street' finance column and was part of a team that won two SABEW awards in 2005. He had previously written for the Daily Telegraph and Daily Mail newspapers in London, the magazine Private Eye, and for Global Agenda, the official magazine of the World Economic Summit in Davos, Switzerland. Arends has also written a book on sports 'futures' betting.




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