New. York. Social. Diary -Wallflowers
by Alexandra Lebenthal
• Area Rug, $87,784 • Mahogany Pedestal Table, $25,713 • 19th Century Credenza, $68,179 • Pendant Light Furniture, $19,751 • 4 Pairs of Curtains, $28,091 • Pair of Guest Chairs, $87,784 • George IV Chair, $18,468 • 6 Wall Sconces, $2,741 • Parchment Waste Can, $1,405 • Roman Shade Fabric, $10,967 • Roman Shades, $7,315 • Coffee Table, $5,852 • Commode on Legs, $35,115 • Decorator Services, $800,000
The $1.2 million spent on decorating the Merrill Lynch office of John Thain has gripped everyone as yet another symbol of Wall Street’s disconnect from the values of everyone else. His termination from new owner, Bank of America, was clearly tied more to multibillion dollar losses at Merrill in the 4th quarter, seemingly ill-timed bonuses to Merrill employees prior to the closing of the deal with the Bank as well as a hefty dose of corporate political maneuvering.
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