In a memo to all the staff at Merrill Lynch, obtained by FT Alphaville, John Thain defended last year's decision to sell the investment bank to Bank of America and admitted move to redecorate his office at the cost of $1.2m was "a mistake"
Financial Times - US homepage, Financial Times
Mon, 01/26/2009 - 9:51am
In a memo to all the staff at Merrill Lynch, obtained by FT Alphaville, John Thain defended last year's decision to sell the investment bank to Bank of America and admitted move to redecorate his office at the cost of $1.2m was "a mistake"