Mr. Kraus, a former Goldman Sachs Group Inc. executive who started at Merrill in early September, was recruited by John Thain, the CEO of Merrill. Put in charge of growth-and-acquisitions strategy, Mr. Kraus wound up advising Mr. Thain on gloomier options as Merrill was battered by market turmoil. This included a possible sale of a piece of Merrill to Goldman Sachs and the firm's eventual sale to Bank of America, based in Charlotte, N.C.
So taxpayers, help pick up his tab from another Goldman alumni. Don't think there won't be outrage on this!