Liberty Mutual spent $4.5 million to renovate the office of its chief executive last fall, according to the Boston Globe.
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The renovation cost is equal to what a $100,000-a-year worker would make over the course of his or her entire career.
The boondoggle was discovered by a reporter reviewing permit applications, building records and engineering drawings on file in the Boston Inspectional Services Department. To read his account of this project and the insurer's reaction, click on Liberty Mutual remodels.