One would think that the award of an $18.7 million bonus would normally be sufficient to isolate you from many of the unpleasant realities of modern life. But the way things are going for David Gu, the head of Merrill’s global-rates division, it seems the old adage about money can’t buy happiness may be once again proved true.
Shortly after the Wall Street Journal disclosed on Wednesday which Merrill executives had been awarded bumper payouts, Gu was served with a subpoena from New York’s attorney general to give a deposition on his remuneration.
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