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John Thain the ex Merril Lynch CEO who spent 1.2 million dollars of company money to remodel his office[1]. [1] http://www.nytimes.com/2009/01/27/business/27ba

John Thain the ex Merril Lynch CEO who spent 1.2 million dollars of company money to remodel his office[1]. [1] http://www.nytimes.com/2009/01/27/business/27bank.html?mcubz=3 http://www.nytimes.com/2009/01/27/business/27bank.html?mcubz...

oh_sigh 9y ago
I bet it was really tastefully done though.
- 101carl 9y ago
  $35,000 for a ‘Commode on Legs’. I wonder what it looked like?
  - KGIII 9y ago
    Maybe it's salary and an accounting entry meant to indicate they treat their underlings like fecal matter? On a more serious note, the only toilets I know with legs are for injured/disabled people who have issues with mobility, or they are temporary affairs meant to be taken camping. None of those seems likely to cost tens of thousands of dollars, even if they may be considered medical devices. Here is one such example: https://images-na.ssl-images-amazon.com/images/I/712PPTaGQDL._SL1500_.jpg https://images-na.ssl-images-amazon.com/images/I/712PPTaGQDL... I can't actually see that having a price tag over a few hundred dollars. I could see it costing up to a few hundred dollars, if it's medical equipment, but only if it is somehow certified for certai weight ranges, durability standards, and made of special materials meant to difficult for bacteria to live on and easy to clean. They do charge a lot for medical equipment, but not $35,000 for a toilet.
    - homero 9y ago
      When you're rich https://i.pinimg.com/736x/e6/12/c4/e612c486b4497b962faf9f31c1684232--open-arms-pot.jpg https://i.pinimg.com/736x/e6/12/c4/e612c486b4497b962faf9f31c...
      - KGIII 9y ago
        Somebody would have to empty it. Having someone handle my waste would bother me. I suppose some folks would think that is a benefit. "Yay! I am making poors deal with my poop!"
  - the_mitsuhiko 9y ago
    This one went for 17500 GBP: http://www.sothebys.com/en/auctions/ecatalogue/2015/arts-europe-l15301/lot.37.html http://www.sothebys.com/en/auctions/ecatalogue/2015/arts-eur...
  - nielsbot 9y ago
    It looked like John Thain. zing!
  - homero 9y ago
    https://i.pinimg.com/736x/e6/12/c4/e612c486b4497b962faf9f31c1684232--open-arms-pot.jpg https://i.pinimg.com/736x/e6/12/c4/e612c486b4497b962faf9f31c...
  - tyingq 9y ago
    It's a funny, but correct word for a chest of drawers. Sadly, it's not a toilet.
SilasX 9y ago
Well, yeah. When you have high marginal tax rates, people try to relabel consumption as a business expense. Was practically an art form in the 50s before the IRS cracked down on it.
binarycrusader 9y ago
Supposedly "not just for his office, but also included two conference rooms and a reception area". But yeah, unlikely to have been a frugal renovation.

oh_sigh 9y ago

I bet it was really tastefully done though.

101carl 9y ago
$35,000 for a ‘Commode on Legs’. I wonder what it looked like?
- KGIII 9y ago
  Maybe it's salary and an accounting entry meant to indicate they treat their underlings like fecal matter? On a more serious note, the only toilets I know with legs are for injured/disabled people who have issues with mobility, or they are temporary affairs meant to be taken camping. None of those seems likely to cost tens of thousands of dollars, even if they may be considered medical devices. Here is one such example: https://images-na.ssl-images-amazon.com/images/I/712PPTaGQDL._SL1500_.jpg https://images-na.ssl-images-amazon.com/images/I/712PPTaGQDL... I can't actually see that having a price tag over a few hundred dollars. I could see it costing up to a few hundred dollars, if it's medical equipment, but only if it is somehow certified for certai weight ranges, durability standards, and made of special materials meant to difficult for bacteria to live on and easy to clean. They do charge a lot for medical equipment, but not $35,000 for a toilet.
  - homero 9y ago
    When you're rich https://i.pinimg.com/736x/e6/12/c4/e612c486b4497b962faf9f31c1684232--open-arms-pot.jpg https://i.pinimg.com/736x/e6/12/c4/e612c486b4497b962faf9f31c...
    - KGIII 9y ago
      Somebody would have to empty it. Having someone handle my waste would bother me. I suppose some folks would think that is a benefit. "Yay! I am making poors deal with my poop!"
- the_mitsuhiko 9y ago
  This one went for 17500 GBP: http://www.sothebys.com/en/auctions/ecatalogue/2015/arts-europe-l15301/lot.37.html http://www.sothebys.com/en/auctions/ecatalogue/2015/arts-eur...
- nielsbot 9y ago
  It looked like John Thain. zing!
- homero 9y ago
  https://i.pinimg.com/736x/e6/12/c4/e612c486b4497b962faf9f31c1684232--open-arms-pot.jpg https://i.pinimg.com/736x/e6/12/c4/e612c486b4497b962faf9f31c...
- tyingq 9y ago
  It's a funny, but correct word for a chest of drawers. Sadly, it's not a toilet.

SilasX 9y ago

Well, yeah. When you have high marginal tax rates, people try to relabel consumption as a business expense. Was practically an art form in the 50s before the IRS cracked down on it.

binarycrusader 9y ago

Supposedly "not just for his office, but also included two conference rooms and a reception area". But yeah, unlikely to have been a frugal renovation.