John Thain of Merrill Lynch spent $1.2 million redecorating his downtown Manhattan office

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MSNBC's Keith Olbermann's Worst Person: John Thain, the former Merrill Lynch & Co. chief executive officer ousted today, spent $1.2 million redecorating his downtown Manhattan office last year as the company was firing employees, a person familiar with the project said. Thain hired Los Angeles-based decorator Michael Smith, chosen by President Barack Obama and his wife Michelle to redecorate the White House, CNBC reported today. Thain paid Smith $837,000 and his purchases included $87,000 for area rugs, $25,000 for a pedestal table and $68,000 for a 19th century credenza, CNBC said.

Category: People
Uploaded: January 24th, 2009 @ 8:15 pm
Author: dingoman09

Length: 01:35
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Tags: john thain keith olbermann msnbc worst person merrill lynch bailout rich bankers

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