Bailed-Out Citi Plans $10M CEO Office

Thain's purchases went well beyond what an average office space would cost and were reported to have included an $87,000 area rug for Thain's conference room and another area rug for $44,000; a $25,000 mahogany pedestal table; a $68,000 19th-century credenza for Thain's office; a $15,000 sofa; four pairs of curtains for $28,000; a pair of guest chairs for $87,000; a George IV Desk for $18,000; six wall sconces for $2,700; six chairs in his private dining room for $37,000; a mirror in his private dining room for $5,000; a chandelier in the private dining room for $13,000; fabric for a Roman shade for $11,000; a custom coffee table for $16,000; something called a "commode on legs" for $35,000; Regency chairs for $24,000; 40 yards of fabric for wall panels for $5,000 and a parchment waste can for $1,400.

According to Bloomberg, plans for Citi's renovations on file with the city specify the installation of at least one Sub-Zero Inc. refrigerator and icemaker, "premium grade" millwork and a Madico Inc. "Safety Shield 800" blast-proof window film. The project includes 17 private offices, each with space for administrative assistants, two conference rooms and open areas with "soft seating."

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