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


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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