Stan O'Neal's Office Was Very Different Than General Decor of Merrill's Offices

[13darkjems]

Let them eat linoleum!

[lord86maverick]

who cares he is ceo and running the deck out in BoA

[AkhondKosh]

CNBC staff are all whores...not reporters. When the market's rocking, these guys are at the extreme, and when the market's sucking, these guys are at the extreme.

CNBC's headline the day after Jesus walked across the Sea of Galilee "Jesus CAN"T SWIM!!!"

[stano99x]

This scum spent 1.2M on his office while long time support staff at ML were being kicked out the door.

[mgband]

As liberal as I am, I can't really get on the 'hating the rich' bandwagon. If somebody makes loads and loads of money, and wants to redecorate to the tune of over $1M, then fine. It is their right. He should have paid for it himself though and not used company funds.

But just because he has expensive taste does not give people the right to vilify him. Who cares how much he has stashed away? Who cares where he goes on holiday? Dude can do whatever he likes with his money.

[awpitt13]

These are the executives that are leading the corporations that are killing the middle class of america. They to overpay themselves instead of raising wadges for their workers to spread the wealth and you are fine with him throwing money away when this money could go to the hard working americans?

Sounds good.

[AkhondKosh]

Could not have said it any better...well put!

[sardarji]

stanley o neal is the perfect example of how a capitalist system be coreupted and lawmakers bribed...

idiot got 180 million to get fired after he ran merryl to the ground...

these so btches BANKERS AS WELL AS CONGRESS LAWMAKERS WHO CREATED THESE LOOPHOLES AS A RESULT OF BANKERS LOBBYING SHOULD BE MURDERED.. ITS A CRIME EQU TO GENOCIDE..

now he doesnt care... he basically stole the money from tax payers close to 500 million for himself and having a nice life in bermuda or something

[jkfreetobeme]

like Maureen Dowd asked..'' Did the office have a desk and a phone''? period ?

[Morr6565]

His justification is silly. The economic climate was not that different a year ago. Maybe he is talking about the political climate where we are now hopefully going to hold A-Holes like him accountable.

[eggnoggerino]

what an asshole

[justingarak]

WTF, someone should ask what is wrong with Maria's fucking face!

[DPOS09]

If he spend one Mill renewing his office, than how much he spend on hookers and other things?

[willyD200]

He hasn't a clue ! This guy lives in another world.....EAT THE RICH !

[Richardgwm]

Warren Buffett would never spend that kind of money redecorating his office, and he is the richest man in America.

[foseagull]

These live on a different planet arseholes make me sick. "Yea my fault i'll just skip to the ATM and withdaw a million bucks" ! Makes you wonder how much he has stashed doesn't it ?

[CarryANation]

Screw his apology, get the money back!

[ajefri]

The idiot didn't anticipate the followup question! It's clear from his facial expression that he thought by saying "making it right" he would put an end to the discussion. But couldn't a supposedly witty guy like him come up with a better answer?!

[EmeterioBetances]

Why can't corporations pay for their own bullshit greedy mistakes? Instead the tax payers ask for money for a better quality of life. And government never has money for middle class and poor people. But when shit hits the fan they find a trillion dollars in the piggy bank. Well this little piggy is going to fuck with them bricks. And the wolves are blowing the house down. Bye Bye Piggy's!

[Fuckyouassholecunts]

THE FACE NEVER LIES. HE IS LYING

[annarboriter]

everybody can have an opinion about a million dollars for an office redo, but it's harder for a talkinghead to get people thinking about their share of the debt accrued under the Bush regime.

[LolaGranola1960]

First of all, these companies were already bleeding money a year ago!

Plus - how insulting is it that NOW he's going to pay it back, "Oh, here let me write you a check."

Sadly, most of us are trying to figure out how to pay the freakin' heating bill this month! Self-indulgent jerks.

[myrdale]

What sort of bullshit is this? The office is more than worth $1M I am sure. Why the hell is this news worthy? Why the hell is this dick appologizing? "Look at ME I spent to much money and now I am sorry and want to pay it back, Aren't I awsome!!" BULLSHIT.

[bbnemesis123]

Thain was just searching for words to get out of the question. Thain is going to pay back for decorating just like Merril is going to pay back the bail-out. Typical lying dirtbag.

[wethebest4]

First of all it was over a year ago. Second, the money would have had little or no impact at all on the health of a firm. I doubt this is very uncommon practice for company executives. I love how everyone focuses in on John Thain, was it not Stan O'Neal that ruined Merrill Lynch? If anything, Thain should be thanked for salvaging the mess that he inherited.

[mikebee02]

I don't see what the fuss is.

[patsagainstrats]

Before you liberals start getting too bent out of shape, the work probably went to some faggot interior decorator.

[KiwiTwist03]

Wow, this is just unnecessarily ignorant.

[patsagainstrats]

Venting my contempt for liberals in never unnecessary.

[KiwiTwist03]

Whatever floats your boat. But being a bigot IS always unnesessary and ingorant.

[lamouchemorte]

This man should be shot, repeatedly.

[radudeATL]

I just threw up a lil in my mouth.

[benjahbreaker]

rich vs. everyone else

a small % of the people

feeding on those benieth

[wethebest4]

Actually its Liberals who feed of income of those above through taxes. You may have made a typo.

[garyowen4ever]

thain looks like a frankenstein monster just like paulson, geithner, hormats,greenspan, fuld, all freaks of subhuman nature.

[parisrai]

He was just doing his part to keep the economy moving. Paying for a decorator, contractor, furniture , and workers with private sector money. On the other hand, the Obama's hired the same decorator to redo the white house with taxpayer money!

[FugitiveCon]

You write, "the Obama's hired the same decorator to redo the white house with taxpayer money!"

EXACTLY. So just how bad is the economy of this country if we can afford decorator's for our president?

Obama says about healthcare that everyone should have the same healthcare as theri elected officials. Does this not include decorator's as well?

Doesn't this fall under the, "everybody deserves a _____ mentality?"

[sullivansean]

obama's are paying the same guy 300k- idiot

[ciberwarrior]

No company will touch him now with a 10 ft pole, but he can always join GOP, just like disgraced CEO Carly Fiorina.

[MooseOfReason]

Very different economic outlook?

I think if he asked Peter Schiff, he'd understand what the outlook was for financial industries more than two years ago.

[esock1]

Looks like he spent $1 million on botox too!!

[esock1]

What does an $86,000 rug even look like? What does a $1 million office look like? These people actually think they have talent that no one else has...and it's the crooked board of directors that make them think that. Let's see, the board of directors hires the CEO and the CEO agrees to the money that board members get paid. That's the briliant system in place for these publicly held companies. John Thaine, and all his board of directors belong in prison with Dennis Koslowski and the Enron guys.

[mvertigo16]

this guy could win the douche bag olympics.

[filmbooks]

It should be noted that former chairman O'neil is 26 inches tall and the ceilings were only 40 inches high.

[georgebushisawesome]

ROTFLMFAO

[agianticturd]

I think he probabaly decorated the area with live playboy bunnies!

[Flat5guitar]

Why does our society enable people like Thain to earn so many millions? Why is his compensation hundreds of times greater than that of a teacher? A fireman? A police officer? Or even a medical doctor? What is his contribution ? Did he develop a cure for cancer? Educate children? Save people from a burning building? He's supposed to be Wall Street's best and brightest. We have to increase taxes on the rich. We have a national financial emergency. Time for these obscenely wealthy focks to pony up!

[kozumik]

A person with any sense of taste and decorum doesn't spend 1.2 million to renovate an office, least of all when the company is tanking as it was even a year ago. What Thain did wasn't a redecoration so much as a grotesque public display of his deficient character. He could have just crapped in the lobby and saved everyone a lot of trouble.

Want to impress people? Put the money towards a good cause. Try not to act like a hillbilly given such wealth and oppurtunity. Really. How shameful.

[thereallurker]

Total scumbag. Whole families in America are lucky if they make a million during a lifetime. Typical Republican Scum.

[Namari12]

"I should'v e just paid for it myself from the beginning." The real question is, what kind of salary is this guy *making* that he can just shrug the whole thing off and say he'll reimburse the company 1.2 million dollars for a remodelling job like it's no big deal? These execs get paid too much...

[Flat5guitar]

Exactly. WAY WAY too much.

When Thain was President, COO, and CFO at Goldman Sachs, he received about $300 million in Goldman stock.

Our nation's system of financial compensation has been raped and pillaged.

I pray Obama can set things right!

[garyowen4ever]

maria B. gives all the wall street scum wet deep creamy french headers,,,,how come charllie gasparino and dylan ratigan the best attack dogs in biz tv are kept on a short leash or in a cage. CNBC YOUR WALL STREET SCUMBAG LOVIN HDQRTS.

[zidmt]

Redecorate a few offices for $1.2 million? WTF did he get? Solid gold doors?

[CliveSinclairZX]

wow.

[achampag]

spoiled rich fucka

[lordmonfort]

What a scumbag....thing is these people are filthy rich that they cant even comprehend why people are at an uproar over $1.2 million spent on an office....thye say that each american now owes $4000 as part of the bailout. Imagine the 300 people that just paid that money to refurnish this guy's office.

[minteko]

1.2MILLION ....erm yup, my bad!

In the real world, man robs banks, 20 years inside.. wtf???

[mrbadguysan]

Welcome to America!

[thehistorysage]

2 words: Lynch Mob.

[bender183]

sob.

[prideventures]

He has that much money that he can say......my bad? I'll just give them their measly 1.2 million......besides it was in a different environment.........nobody was watching what we did back then............they don't understand, like the rap people say money ain't a thing..............LMAO

[theracemixer]

OMG

[terrence0258]

I hope all of these CEO's stop pretending like they care about the economic climate and just say what they really feel. "I'm rich beeyaattcchh!"