- JOHN-THAIN Former Merrill Chief's $1.2
Million Office Redecoration Revealed... Spent $87,000 On Rug
- Bank
Of America Forces Him Out John Thain's $1.2 Million Redecoration:
bama Decorator, $87,000 Rug » The Daily Beast | Charlie Gasparino
| January 22, 2009 at 12:09 PM - In early 2008, just as Merrill
Lynch CEO John Thain was preparing to slash expenses, cut thousands
of jobs and exit businesses to fix the ailing securities firm,
he was also spending company money on himself, senior people
at the firm say. According to documents reviewed by The Daily
Beast, Thain spent $1.22 million of company money to refurbish
his office at Merrill Lynch headquarters in lower Manhattan.
The biggest piece of the spending spree: $800,000 to hire famed
celebrity designer... http://www.huffingtonpost.com/
|
|