New York Times: Thain Says He’ll Repay Remodeling Costs. John A. Thain, the former chief executive of Merrill Lynch, defended on Monday his decisions on several fronts as he made his exit from Bank of America. But Mr. Thain sounded a bit contrite about that $35,000 commode.
Some recent Merrill Lynch contracts: the merger agreement with Bank of America, the private placement agreementwith the U.S. Department of the Treasury and the offer letter to John A. Thain.