Former Merrill Lynch CEO John Thain Departs Michael Smith-Designed Office
Note to the First Lady: ix-nay on the $68,179 credenza. That’s just one of the pieces with which the First Family’s newly appointed interior designer Michael S. Smith furnished the office of John Thain (pictured at right), who resigned today in the wake of Merrill Lynch’s acquisition by Bank of America. Early last year, Thain hired Smith to redo his office, and CNBC got a hold of the final bill, which came to approximately $1.22 million. Here’s a taste of how Thain’s executive suite was furnished:
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
A $1,405 Parchment Waste Can is now the official UnBeige symbol of the global economic crisis! Meanwhile, the White House has paid Smith $100,000 for his services, even though that’s barely enough for a decent pair of guest chairs.
Previously on UnBeige:
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Nadine Cheung
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