John Thain has just been named CEO of CIT and to celebrate we're helping him do a bit of shopping.
As you may recall, back at Merrill Lynch Thain got into a bit of trouble before for his lavish office decorating, which cost Merrill Lynch $1.22 million.
Back in September, Thain admitted that this was a terrible mistake. "If I had that to do over again, I’d furnish it in Ikea,” Thain said.
We doubt John Thain has ever tried to shop at Ikea. So now that he has the chance to do it all over again at CIT, we decided to help him downscale his furnishings.
As a result of this Ikea shopping, Thain would save a ton! And maybe even restore his reputation. (Or at least establish that he has a sense of humor.)
See our IKEA furniture picks for Mr. Thain's new office >
DOKUMENT Waste Bin: $5.99
Clear, transparent waste bin so that all the documents you want the Feds to see you trashed are right front and center.
Merrill Lynch Office Parchment Waste Can: $1400
Savings: $1394.01
Source: IKEA
ERIK Filing Cabinet: $89.99
Solid filing cabinet with all the fixings, including the locking bottom drawer.
Merrill Lynch Commode On Legs: $35,000
Savings: $34,910.01
Source: IKEA
The MATTEUS Desk: $179.00
Not exactly executive quality, the MATTEUS desk at least has room for an all important Bloomberg terminal, best watched when your company's CDS really starts to skyrocket.
Merrill Lynch George IV Desk: $18,000
Savings: $17,821
Source: IKEA
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