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Not only is John Thain out of a job, he's $1.2 million poorer, too. The former Merrill Lynch CEO has agreed to reimburse the company for the extensive renovations to his office suite, which included the purchase of a $87,000 area rug and $35,000 toilet. In his own defense, though, he'd like to point out that the renovations didn't only involve his own office: two conference rooms and a reception area were spiffied up, too. [Dealbook]