Executive under fire for spending $1.22 million on an office remodel

[joliebelle]

"Thain also said he plans to reimburse Bank of America for $1.2 million spent to renovate his office a year ago...He called the expenses "a mistake in the light of the world we live in today."

http://news.yahoo.com/s/nm/20090126/...famerica_thain

[PhiGam]

Originally Posted by joliebelle

"Thain also said he plans to reimburse Bank of America for $1.2 million spent to renovate his office a year ago...He called the expenses "a mistake in the light of the world we live in today."

http://news.yahoo.com/s/nm/20090126/...famerica_thain

And their stock has fallen substantially since the announcement