John Thain Is Determined Not to Let an ‘Interior Decorating Mistake’ Be His Legacy


Yesterday the former Merrill Lynch CEO, best known for the $1.2 million office renovation he conducted in the months leading up to the sale of the firm to Bank of America, was coy with Bloomberg about his future plans: “I can’t really say yet, but I’m working on what I want to do next because I definitely do want to work.” We assumed he was talking about realizing his dream of finally opening up a small cafe near a train station, but today they report he’s in talks to head CIT group, the small-business lender that just emerged from bankruptcy. [Bloomberg]