John Thain’s Life Would Be Different If He Had Purchased an Ektorp

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Photo: Getty Images

Former Merrill Lynch CEO John Thain talked a little about his infamous $1.2 million office redecoration while speaking to students at University of Pennsylvania’s Wharton Business School yesterday: “We decorated it in the style that Merrill Lynch offices were, which was very, very nice,” he said. “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.” This statement was greeted with uproarious laughter, because even after everything, the image of a Wall Street CEO picking up an Alan wrench and building discount furniture is just hilarious, don't you agree? Because actually nothing has changed at all.

Thain Says He Should Have Picked Ikea Furniture for Merrill [Bloomberg]