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Wednesday, January 28, 2009

The real heroe's of the society are those brave ex-Goldman executives who can even make money out of dead companies

Check out what sophisticated furniture a CEO of and bankrupt Investment bank needs to enjoy the bonus he never deserved. After he negotiated a package for himself and 3 former buddies from Goldman to join Merrill for the small sum of half a billion most of it were guaranteed bonus packages. This four gentlemen have had less than 1 year of Merrill service but managed to rip off more money than they earned at any year at Goldman ever for joining bankrupt Merrill.

John Thain's Decorating Spree, For Less

When John Thain became Merrill Lynch’s CEO in early 2008, he hired Michael S. Smith Design to revamp his office suite, spending approximately $1.22 million according to documents. By comparison, Smith is also Michelle Obama's interior designer for the White House, which is paying him only $100,000.

The following is what Thain paid for each item. Because Smith's company declined to provide images of the actual items, we've provided pictures of some penny-saving alternatives. So here are the next best things…

John Thain's Decorating Spree, For Less

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John Thain's Decorating Spree, For Less


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