With the closing of Bank of Montreal’s (BMO) acquisition of Marshall & Ilsley, the...

|About: Bank of Montreal (BMO)|By:, SA News Editor

With the closing of Bank of Montreal’s (BMO) acquisition of Marshall & Ilsley, the revelation that 17 M&I execs will get ~$90M in bonuses outrages Canadian investors. An “unfortunate byproduct” of Canadian deals south of the border “is the cost of signing off on U.S.-style severance payments," Toronto's Globe and Mail says, but the package is "warped" even by U.S. standards.