John Thain

While Merrill Lynch was firing employees last year, then CEO John Thain redecorated his office for 1.2 million dollars. How can you even do that? Even if I imagine the ultimate fantasy office, I have trouble topping 200 000 dollars. What did he do with the extra million?
Now he says to his defense that the decision to redecorate was taken in a “very different environment” and that the costs were “a mistake in the light of the world we live in today?” Really? I would say that as long as anybody is starving on the planet, any self-congratulatory indulgence like this is a disgusting mistake.
And the question remains: What the hell did the greedy man buy?