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Why did former Merrill Lynch CEO John Thain spend $1.2 million renovating his office when he took from Stan O'Neal at the firm? It was because O'Neal's office was "very different," and it would have been "very difficult" to use it in the "form that is was in." We're not sure what that means either. A clip from Thain's awkward chat with CNBC's Maria Bartiromo earlier today appears after the jump.

Thain: O'Neal's Office Was "Very Different" [Clusterstock]
Thain Speaks Out in Defense of Himself [Dealbook]