Wall Street's most embarrassing emails
6. Caveat emptor
By early November 2008, Bank of America had already sent proxy documents to shareholders about the bank's proposed acquisition of Merrill Lynch. But a few days after the mailing, BofA's accounting officer, Joe Price, sent an email to then CFO Joe Price. The message included an attachment that detailed Merrill's results for October. That monthly report showed a whopping $6 billion loss. Cotty's email message contained just three words.
'Read and weep.'