CEOs gone wild: John Thain's $1.2-million office reno - Macleans.ca

CEOs gone wild: John Thain’s $1.2-million office reno

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New York magazine reports that “former Merrill Lynch CEO John Thain, the man once credited with ‘revolutionizing’ the New York Stock Exchange and Goldman Sachs, is the new most-hated man on Wall Street. Across the board this week, coverage of his $1.2 million office redecoration and his subsequent forced resignation was infused with disgust.”

How exactly do you spend $1.2-million on an office reno?

  • Sent assistant to Staples and she just sort of went crazy.
  • Might have something to do with the Olympic-sized swimming pool.
  • Trap door in front of desk was fine as is, but pit needed new snakes.
  • Show me one CEO on Wall Street whose office doesn’t have a Starbucks.
  • Instead of buying boom box for couple hundred bucks, insisted on keeping Fleetwood Mac over in the corner.
  • Existing floor coverings weren’t made entirely from endangered birds.
  • Sure, in retrospect, one trampoline might have been sufficient, but…
  • Desk had to be made from solid gold or it would have clashed with solid-gold chair, couch and secretary.
  • Bed that folds out from wall discovered to be completely hookerless.
  • You’d think the collapse of the global economy would mean a decline in the price of live Siberian tigers, but you’d be wrong.