...perhaps apocryphal, that had wide currency at Lehman was that, in the midst of the Long-Term crisis, Fuld encountered John Thain, then Goldman's CFO. Goldman was thought to be a motor of the rumor mill. This summer, though, the reliable us-against-them...
...and his rescue of Merrill Lynch [MER Loading... () ], could be the scapegoat when both deals blow up on him. Merrill's John Thain had almost a year to look at the books; Lewis had a matter of hours. Which one struck the smarter deal? The coolest...
...Brothers was forced to file for bankruptcy, beginning a downward spiral that has buffeted markets around the globe. Had John A. Thain, Merrill’s chief executive, not agreed to sell, the firm would almost certainly have been the next target of the...
...U.S. and global financial system is in crisis. It’s in a greater crisis than it has been since 1929. And that’s according to John Thain, CEO of Merrill Lynch, a Republican all his life. So, this about much more than what’s going to happen on the tax...
...A. Thain, who received $15 million when he became chief executive of Merrill Lynch last December, may get as much as $5.22 million more if the firm’s takeover by Bank of America is completed by Dec. 31, Bloomberg News reports. This so-called...
...Relations: Grace Yoon, 212-449-7119 Investor_Relations@ml.com www.ml.com/ - Merrill Lynch (NYSE: MER) today announced John A. Thain, chairman and chief executive officer, is scheduled to speak at the 2008 Merrill Lynch Banking and Financial Services...
...hours later, John A. Thain, the chief executive of Merrill Lynch, climbed a stage in Manhattan and told his employees, most of whom he had barely gotten to know during his brief tenure, that he was selling the troubled firm to the Bank of America Corporation....
...spoke with him recently about how the NYSE Euronext board was able to move so quickly in naming a new CEO in the wake of John Thain's resignation. Here are edited excerpts from their conversation: How was the NYSE Euronext board able to respond so...
Background
John Alexander Thain (born May 26, 1955 in the United States, grew up in Antioch, Illinois) is the current chairman and chief executive officer of Merrill Lynch. Previously, Mr. Thain held management positions at: the New York Stock Exchange (CEO), and Goldman Sachs (President, Chief Operating Officer, Chief Financial Officer). He amassed $300 million in Goldman stock. It was widely believed that Mr. Thain was also a front runner to head Citigroup. Merrill Lynch and Citigroup sought new leaders following the sudden departure of their former CEOs due to disappointing Q3 2007 earnings reports.
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Timeline
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