Monday, January 26, 2009

Bartiromo: Update on Thain Office Scandal

Maria Bartiromo is trying to steal Gasparino's thunder by posting the latest update in the Thain commode saga. Per an internal memo, the former Merrill CEO is finally being contrite and will pay back the $1.2 million that he spent on the office renovations. He couches it by saying this the expenses were incurred over a year ago "when it was a different environment", and included, in addition to his office, two conference rooms and a reception area... not sure how that makes it better per se...

Additionally, he states that he only learned about MER's losses at the same time as BofA. Probably goes to show just how very involved in MER's wheelings and dealings he was. Sphere: Related Content
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