Thain in Vain

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The ousted Merrill Lynch head tells CNBC he will repay the $1.2 million cost of renovating his office suite.

“It is clear to me in today’s world that it was a mistake.” And/but: “It needed to be renovated no matter what.”

Also says he was surprised to be pushed out 20 days after Merrill merged with Bank of America. Read full transcript here.

Related Topics: News, The Page

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