John Thain Back in Business, Decorators Cheer

February 8, 2010

The contented CEO in his well-appointed office.  A model for Mr. Thain?

The announcement that John Thain is taking over as CEO of CIT means one thing for certain: he has an office that will need decorating.  In the past, the former CEO of Merrill Lynch has been something of a one-man stimulus package for interior decorators and antique dealers.  Since the  forced sale of that once-fabled institution and Mr. Thain’s resulting hibernation, the $35,000 commode-on-legs business has been a little sluggish.  Now it will really have legs.

Failure is never long ostracized on Wall Street.  It just gets to have its office remodeled.

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