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.
http://www.cnbc.com/id/28796511?slide=1
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 | 1 of 13 |   |
John Thain's Decorating Spree, For Less
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