Friday, January 23, 2009
msnbc.com news services,
msnbc.com news services,
Former Merrill CEO Thain resigns from BofA
Executive under fire for spending $1.22 million on an office remodel.
NEW YORK - John Thain resigned under pressure from Bank of America on Thursday after reports he rushed out billions of dollars in bonuses to Merrill Lynch employees in his final days as CEO there, while the brokerage was suffering huge losses and just before Bank of America took it over.
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Posted by Editor on 01/23/09 at 09:36 AM •
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