Former Merrill Lynch CEO denies accelerating bonuses
(NEWSER) - Merrill Lynch's former CEO issued an apology of sorts for spending $1.2 million—including $35,000 for a commode—to redecorate his office as the firm bottomed out, Bloomberg reports. “We decorated it in the style that Merrill Lynch offices were, which was very, very nice,” John Thain said at Wharton. “That was a mistake, and I'm sorry." The punchline, delivered to laughter: "If I had that to do over again, I’d furnish it in Ikea.” More»
