Holy Agency Costs Bat Man

Wow. Talk about your agency cost problems.$1.2 Million Spent On John Thain's Office: "Amidst everything else going on at Bank of America (BAC) and its boneheaded decision to buy dying Merrill Lynch, Gasparino reports, for the Daily Beast, that John Thain had a ridiculous amount spent on his own perks, including a redecorating of his office.According to documents reviewed by The Daily Beast,