When It Comes to High-Priced Toilets, Merrill Lynch Has Nothing on the City of Seattle

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Thain wanted one of these for his office, but it wouldn't fit.

Former Merrill Lynch CEO John Thain is taking a lot of heat for spending $1.2 million redecorating his office while his company tanked and he laid off workers. Among the highlights of his spree was a $35,000 "commode on legs."

But even if his golden shitter goes unsold and un-sat-upon, Merrill Lynch will have lost less money on the venture than did the city of Seattle on its half-million-dollar johns. Those were sold for use at the South Sound Speedway for a few thousand each.

 
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