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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…

By Paul Toscano
Posted 22 Jan 2009