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John Thain To Get Canned For Having Fabulous Taste?


CNBC's Senior Interior Decorator Charlie Gasparino dug deep and reports that upon taking over at Merrill last year, John Thain spent $1.22 million redecorating his office (itemized receipt after the jump). We don't really care either way if JT "gets" to stay at Bank of Amerillwide or not, but please for the love of Angelo Mozilo (who, btw, didn't get any heat for converting his office into a Hollywood Tans in '89), if he does, can it be over the issue of spending $35k on a Porta Potty? This is something we want, nay, need, to hear Ken Lewis get worked up over. If that can't be arranged, we'll settle for Lewis sending a bunch of men over to Thain's office to pee on, and then steal, the 90k rug.

Area rug: $87,784
Mahogany pedestal table: $25,713
19th Century Credenza: $68,179
Pendant Light Furniture: $19,751
4 pairs of curtains: $28,091
Pair of guest chairs: $87,784
George IV chair: $18,468
6 Wall Sconces: $2,741
Parchment waste can: $1,405
Roman Shade Fabric: $10,967
Roman Shades: $7,315
Coffee Table: $5,852
Commode on Legs: $35,115


John Thain Awarded The One Bonus That Can *Never* Be Clawed Back

When people think of John Alexander Thain, as people surely often do, lots of thinks come to mind. High school wrestling. Competitive bee-keeping. Masterful stewardship of Wall Street firms. $68,179 19th Century Credenzas. $35,000 commodes. $28,091 curtains. $87,784 area rugs. $1,405 garbage cans. A keen eye for interior design and fabulous taste in general. Though we knew the current CIT Group chief executive officer was a father, we probably wouldn't have included his parenting skills on a list his noted attributes and accomplishments, only because he has too many to mention. Apparently this represents a gross oversight because John Thain? Is a phenomenal dad. Award-winning, in fact. he National Father’s Day Committee, an entity of the Father’s Day/Mother’s Day Council, each year confers Father of the Year Honors on contemporary lifestyle leaders of our culture whose lives are dedicated to family, citizenship, charity, civility, responsibility and reverence. The funds raised by our Annual Father of the Year Awards Presentation are directed to the support of worthwhile concerns affecting men, fathers, and families. The objective of our program is to enhance the meaning of Father’s Day and encourage universal observance. 2012 Honorees include: Oscar Feldenkreis, Reynold Levy, Shaquille O'Neal, and John Thain. An award of this magnitude of course deserves a little more than a press release, so naturally, there will be a luncheon and presentation on June 14. Until then, the group is accepting nominations to add to the list, so if you think any of your favorite dads have been overlooked, do speak up today. Ken Lewis could use this. Father Of The Year Awards [M&D via BI]