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    Exam 6: Corporate-Level Strategy: Creating Value Through Diversification
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    Former Merrill Lynch CEO John Thain Gave Out 4 Billion
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Former Merrill Lynch CEO John Thain Gave Out 4 Billion

Question 53

Question 53

True/False

Former Merrill Lynch CEO John Thain gave out 4 billion USD in discretionary year-end bonuses just before the company was rescued by Bank of America. This practice demonstrates managerial greed.

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