Market Currents -- Seeking Alpha

Market Currents

Friday, September 18, 2009

5:47 PM Email this TweetThis

"We decorated it in the style that Merrill Lynch offices were, which was very, very nice ... That was a mistake, and I’m sorry that I did that. If I had that to do over again, I’d furnish it in Ikea." - John Thain, former Merrill Lynch (BAC) CEO, who spent $1.2M in office redecorations in the midst of the crisis. (He says he has reimbursed the company.)

- TraderMark:
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Notice where Thain's speech was at

A business school

Now who sat there and thought - I'd like to bring in the disgraced Merrill Lynch CEO as a guiding light to future American business leaders.

And people think things have changed? I love it personally. I'll get the piggy bank ready for each concurrent bailout from here - will it be every 3rd odd year or even year is all I ask to know in advance.
Sep 18 06:00 PM | Link | Reply
- HiSpeed:
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$1.2M for Thain is what, 2-3 hours of work considering what he used to "earn"?
Sep 18 06:04 PM | Link | Reply
- Surfer Steve:
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Sounds like a thinly veiled swipe at B of A's management and their sense of "style." Although based on the B of A branches in my area, Ikea furnishings would be a huge upgrade. The branches look like DMV offices from the 1970's.
Sep 18 07:08 PM | Link | Reply
- mangy cat:
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watch john thain with ken lewis
www.youtube.com/watch?...
he should have bought from ikea
Sep 18 08:06 PM | Link | Reply
- Wisdom vs. ...:
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- Hill Solar
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IKEA is an insult? these guys do not even live on my planet; if that is the 'wisdom' that it takes to run big biz i am out luck in this life time. someone help me out, was that supposed to be funny?
Sep 19 01:04 AM | Link | Reply

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