Thain fired! GREED: Layoffs off while he spent $1.2M on Power Office & asked $10M bonus!BackJanuary 22, 2009 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: News Uploaded: January 22nd, 2009 @ 11:47 pm Author: VoiceofAmericans2008 Length: 09:41 Rating: Views: Tags: thain merrill lynch michael smith obama bank of america tarp bailout kenneth lewis Related Video Links:» View Video Comments For Thain fired! GREED: Layoffs off while he spent $1.2M on Power Office & asked $10M bonus! » View VoiceofAmericans2008's Other Uploaded Videos Video Thumbnails:Video Embedding Code:* Embed this video on your website, social bookmark, myspace, or blog. |
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