Most of us are not John Thain....

When it comes to buying office furniture most of us are not like Merrill Lynch CEO John Thain who in 2008 spent 1.2 million dollars to have his office re-furbished. One of the many pricey items was a $87,000 area rug. When his purchases came to light he claimed he was going to reimburse Merrill Lynch but one really wonders had this not come to light would he have? If he was using his own money the first time would he have spent so much? Those are the questions that have no answers, but for those of us who's house may not be worth as much as his area rug? We wonder...