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Excuses, Excuses
As even President Obama raps the former Merrill CEO for his $1.22 million office renovation, many of his peers are defending what he spent as acceptable. Why Wall Street still doesn't get it.
John Thain's Top 16 Outrages
How did Merrill Lynch's former CEO spend $1.22 million redecorating his office? The Daily Beast counts the ways.
John Thain's $87,000 Rug
In a Daily Beast/CNBC exclusive, Charlie Gasparino reveals how Merrill Lynch's CEO spent over $1 million to redecorate his office last year-even as the firm faced a financial crisis.















