Merill Lynch's CEO reportedly suggested a $10 million bonus for himself.
Thain has said he deserves a bonus because he helped avert what could have been a much larger crisis at the firm, people familiar with his thinking told the WSJ.
"I deserve a huge bonus, because I could have done a much worse job."
(Subsequent to this report and the ensuing outcry, he announced he wouldn't take a bonus. It pays to be prompt with your snark.)