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business newsWhat Would John Thain Do?
By
Justin Rohrlich
Feb 20, 2009 9:40 am
The freewheeling habits of former Merrill CEO.
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The refurbishment was performed by one Michael Smith, who's redesigning the White House right now - for an eighth of what he charged the freewheeling Thain. Smith has also worked for celebrities, including Steven Spielberg and Cindy Crawford - though Spielberg and Crawford didn’t have shareholders picking up their tabs.
Mr. Thain is no longer with Merrill, which was bought by Bank of America (BAC) recently. This should give him enough free time to redecorate his $28 million duplex at 740 Park Avenue and his 10-acre mansion (which straddles 3 towns in Westchester County) by himself.
For more on John Thain’s spending habits, check out Hoofy & Boo’s alwaysastute report:
No positions in stocks mentioned.
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