Wednesday, May 27, 2009
Charlie Gasparino, The Daily Beast,
Charlie Gasparino, The Daily Beast,
John Thain’s $87,000 Rug
In a Daily Beast/CNBC exclusive, Charlie Gasparino reveals how Merrill Lynch’s CEO spent over $1 million and hired the Obamas' decorator to redecorate his office last year—even as the firm faced a financial crisis.
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.
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Posted by Editor on 05/27/09 at 08:40 AM •
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