Report: Merrill Lynch CEO Spent Over $1M to Redecorate Office

ABC News by Megan Chuchmach, Justin Rood | Jan. 22, 2009 (Investigative Report)

Less than one month into his new gig at the Bank of America, Merrill Lynch CEO John Thain resigned today after it was revealed that he doled out executive bonuses a month ahead of schedule and just days before his struggling Merrill Lynch firm was acquired by the BofA. Full Story »

Posted by Michael Bugeja

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Patricia L'Herrou
3.0
 by Patricia L'Herrou - Jan. 22, 2009

the information in this piece appears to demonstrate why many people are angry about so much tax money given to the financial outlets. no mention is made of this aspect of the story. there's no analysis here to determine, for example, did he 'resign' because of how this money was spent or based upon what happened to the company during the year he was ceo?

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