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Ousted Thain to Repay $1.2M Spent on Office

Lush renovation was a 'mistake,' says ex-Merrill CEO

By Matt Cantor, Newser Staff

Posted Jan 26, 2009 11:37 AM CST

(Newser) – Former Merrill Lynch CEO John Thain says he’ll repay the $1.2 million he spent on office renovations last year, Bloomberg reports. “The expenses were incurred over a year ago in a very different environment,” Thain wrote in a memo to Merrill... Read full story »

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executive compensation • Bank of America • merger • Merrill Lynch • resignation • office • John Thain • renovation • financial crisis • reimbursement

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Ousted Thain to Repay $1.2M Spent on Office

Lush renovation was a 'mistake,' says ex-Merrill CEO

executive compensation • Bank of America • merger • Merrill Lynch • resignation • office • John Thain • renovation • financial crisis • reimbursement

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