Merrill Lynch CEO Thain Spent $1.22 Million On Office

CNBC ^ | 01/22/09

[TigerLikesRooster]

Merrill Lynch CEO Thain Spent $1.22 Million On Office

/snip

The following is a list of the items in his suite:

Area Rug $87,784

Mahogany Pedestal Table $25,713

19th Century Credenza $68,179

Pendant Light Furniture $19,751

4 Pairs of Curtains $28,091

Pair of Guest Chairs $87,784

George IV Chair $18,468

6 Wall Sconces $2,741

Parchment Waste Can $1,405

Roman Shade Fabric $10,967

Roman Shades $7,315

Coffee Table $5,852

Commode on Legs $35,115

/snip

[TigerLikesRooster]

Gee, where is a bonsai hanging tree when we need it?

[TigerLikesRooster]

Ping!

[Clemenza]

Stan O’Neal and John Thain can rot in hell for all eternity. Hillbilly Boy Ken Lewis is another corprocrat who deserves eternal damnation for what he is doing to Merrill.

[TheWasteLand]

Commode on Legs $35,115

So, like every other Wall Street firm, Merrill bought Barney Frank too.

[Quix]

Was everything gold plated?

Goodness.

Wouldn’t have thought it possible.

[stainlessbanner]

For 90k, that rug better fly

[TigerLikesRooster]

With a cloaking device.:-)

[GeronL]

How much is Obama going to spend redecorating?

[Eagles2003]

I worked at a company where the CEO had expensive cherry or walnut flooring installed in his office and then put a carpet over it. Think next day. Concrete building, his office was on the fifth or sixth floor.

He didn’t make much as a CEO and that’s like having a small penis. He had one of the mailroom guys wear a chauffeur’s uniform and drive his cheap Mercedes. Mailroom guy told everyone he was dumber than dogshirt, he had to spend hours driving this butthead around.

Thankfully, he died from brain cancer, God comes after some people who really need dying.

The memo announcing his cancer said it was “no problemo” M/L.

No one believed it, he was in the ground within six months.

Five months after I left for a better job.

[GeronL]

He caught a few balls in '06

wonderful. What a star. I bet he is still paid better than 88% of Americans too, even sitting on the Giants Practice Squad or whatever he is doing.

[DemonDeac]

“Thankfully, he died from brain cancer, “

How very Christian of you.

[GeronL]

definitely the wrong thread

[Eagles2003]

He’s not the first, my ex-elementary school principal suffered the same fate.

I think God knows when to cull the flock.

[DuncanWaring]

How very Christian of you.

Being sarcastic, I presume.

There are some people the world is just better-off without.

If the thought had been expressed "May he burn in Hell for all eternity", that could be said to be unchristian.

That thought wasn't expressed.

Someone whose name is based on "Demon" hasn't got a whole lot of room to complain about others "Christianity" or lack thereof.

[wardaddy]

LOL...you two

may I suggest pistols at dawn under the Oaks?

[FFranco]

What do you expect? These guys looted their shareholders and customers, then they looted the US Treasury. The Age of the Robber Barons is back.

[DuncanWaring]

Short swords! At 100 yds!

[carumba]

This guy, Thain, is a smoke screen for the real movers and shakers. Big salary and expensive doodads on a small fry.

[Carley]

Cleverly enough. The one is not going to spend a dime in the public areas. All the funds will be spent on their private family quarters.

[Mila]

"How much is Obama going to spend redecorating?"

I really don't have a problem with the Obama's redecorating the family quarters of the White House. After eight years of another family living there, I'm sure that it needs some refurbishing. I understand that he won't immediately be redoing the oval office, so I guess that the $62,000 rug that Bush put in there is safe for awhile. I gather from what I read that changing the rug is one of the first things a new president does. Congress sets aside $100,000 for redecorating, but I don't know if that is just for the oval office or for everything that has to be done.

http://www.rugrag.com/post/Bushs-24622c000-Oval-Office-Tufted-Carpet.aspx

[Eagles2003]

The elementary school principal and CEO I referenced were both a**holes in retrospect.

The principal had major problems with both teachers (good ones, not typical ones) and parents. I knew where he lived, it wasn’t a well kept up house, not in a good location, more like something that should have been a rental unit. Maybe it was.

The CEO was head of a “beltway bandit” type contractor in the military and aerospace areas. The company didn’t make squat. One of the first things I did was raise a red flag about the rental cost of a laser jet printer being 100% of the cost/month from corporate HQ, normal rental is 10%/month for expensive electronic equipment. The company had already gotten in trouble with auditors for charging NYC rates for regular office areas like they were “raised computer floor” areas, a premium space, and it wasn’t even in NY.

[grey_whiskers]

DemonDeac?

Nahh, Duke is waaay better. Or North Carolina.

I'm just glad the Golden Gophers are still in the top 25.

Does Wake Forest even have any sports other than basketball?

Or even any academic subjects?

Cheers!

[Jimmy Valentine]

"Stan O’Neal and John Thain can rot in hell for all eternity."

Amen! These a**holes have no sense of responsibility to company or stockholders.

Even though good corporate stewardship requires them to be responsible, they run wild because it is all about them.

If they had the least amount of shame, they would step out of their office windows at about the 45th floor.

[dighton]

George IV Chair $18,468

We’re talking extra-large.

[Travis McGee]

2009’s “Let them eat cake.”

[Rappini]

President Bush had to replace the Rug Klinton soiled the last one.

[Mila]

Ha!Good point! I wonder what they do with the rug that is replaced? The Bush rug is quite wonderful and I wonder if he gets to keep it or if it goes to the Smithsonian.

[Billthedrill]

Heck with the commode - I wanna be his chauffeur. 230 large for driving a car? I’m in the wrong business...

[MozarkDawg]

For that kind of money, you'd think the king would get a more *comfy* chair, wouldn't you?

[AnAmericanMother]

Extra-EXTRA-large:

[AndyJackson]

I always wondered who spent this kind of money on these things. Now I know. A bunch of bankers buying this stuff with OPM.

[Conservativegreatgrandma]

My family owns a home fragrance business. I wonder if he can use some candles or potpourri?

[Uri’el-2012]

When John Thain became Merrill Lynch’s CEO in early 2008, he hired Michael S. Smith Design to revamp his office suite, spending approximately $1.22 million according to documents.

This took place a year ago.

[Republic of Texas]

The good news is that Obama hired the same decorator to redo the White House. I bet the cost of that little project is more than $1.22 million dollars.