Bailout: What, the Curtains? And a $35,000 Commode on Legs

Merrill Lynch CEO John Thain resigned his new job at Bank of America, maybe because it was discovered that that he’d spent $1.22 million to redecorate his office after taking over at the investment firm last year.

Versailles Lynch?

 Though he did turn down a $10 million dollar bonus.

Thain hired Michael Smith, the decorator chosen by the Obamas to update the White House–don’t expect the First Family to go so over the top!–and it seems the exec has some pretty ritzy taste. Here’s some of the items he just desperately had to have for his Merril Lynch digs.

– Commode on Legs: $35,115
– Parchment Waste Can: $1,405
– 4 Pairs of Curtains: $28,091
– Area Rug: $87,784
– Mahogany Pedestal Table: $25,713
– 19th Century Credenza: $68,179
– Pendant Light Furniture: $19,751
– Pair of Guest Chairs: $87,784
– George IV Chair: $18,468
– 6 Wall Sconces: $2,741
– Roman Shade Fabric: $10,967
– Roman Shades: $7,315
– Coffee Table: $5,852

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Lisa Derrick

Lisa Derrick

Los Angeles native, attended UC Berkeley and Loyola Marymount University before punk rock and logophilia overtook her life. Worked as nightclub columnist, pop culture journalist and was a Hollywood housewife before writing for and editing Sacred History Magazine. Then she discovered the thrill of politics. She also appears frequently on the Dave Fanning Show, one of Ireland's most popular radio broadcasts.