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Dec 30, 2022 · John Thain—Merrill Lynch (Photo: Adobe Stock) John Thain took over as CEO of Merrill Lynch and quickly became well known for spending $1.2 million to renovate his office during the downturn.
Jan 27, 2009 · February 25, 2009 -- John Thain, former CEO of Merrill Lynch , finally revealed the names of the executives who received multi-million dollar bonuses on the eve of his failing firm's merger with Bank of America, ABC News has learned.
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Oct 21, 2015 · Here is a brief timeline of the Wall Street career of Mr. Thain, a former high school wrestler from Illinois: 1979 A graduate of M.I.T., Mr. Thain joined Goldman Sachs in 1979 after getting his M ...
Feb 2, 2009 · By Michael Shnayerson. February 2, 2009. On December 8, The Wall Street Journal reported that John Thain, the 53-year-old chairman and C.E.O. of Merrill Lynch, had let it be known he wanted a...
- Michael Shnayerson
Thain accelerated approximately $4 billion in bonus payments to employees at Merrill just prior to the close of the deal with Bank of America. Bank of America was aware of the payment, as allowing the payment to go through was reportedly one of the conditions under the merger agreement.
Jan 27, 2009 · January 27, 20094:00 PM ET. Heard on All Things Considered. By. Jim Zarroli. Listen. Playlist. John Thain may have resigned from his job at Bank of America, but he isn't going quietly. Thain,...
Jan 23, 2009 · John Thain resigned under pressure from Bank of America on Thursday after reports he rushed out billions of dollars in bonuses to Merrill Lynch employees in his final days as CEO there, while...
