merril-lynch

How an $87,000 Rug Could Take Down Merrill's Boss

Owen Thomas · 01/22/09 12:11PM

They called him "Superthain." John Thain, Merrill Lynch's Clark Kent-lookalike CEO, had the public image of a straight-shooting, clean-living superhero CEO. Billions of dollars in losses haven't stained that, but an $87,000 rug could.