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Jan 27, 2009 · By ABC News. January 27, 2009, 10:58 AM. 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.
- Bank of America
February 2, 2009— -- Despite a near collapse that required...
- New York's Cuomo to AIG
New York's Attorney General Andrew Cuomo sent a letter to...
- Bank of America
Jan 27, 2009 · But Merrill's former chief, John Thain, denies any wrongdoing. Here's NPR's Jim Zarroli. JIM ZARROLI: As head of the troubled financial giant Merrill Lynch, John Thain helped broker the...
Feb 2, 2009 · 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 $10 million bonus....
- Michael Shnayerson
Jan 24, 2009 · Even before the revelations of the undisclosed massive losses, the early payment of billions of dollars in bonuses, and the delicious $87,000 rug, John Thain's days at Bank of America working for ...
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Thain was born in Antioch, Illinois. His father, Alan, was a doctor who has since handed his practice on to Thain's two brothers, Dennis and Robert, both general practitioners. He earned a bachelor's degree in electrical engineering from MIT in 1977 and an MBA from Harvard Business School in 1979. While attending MIT, Thain joined the Delta Upsilon...
Thain worked at Goldman Sachs, as head of its mortgage securities division from 1985 to 1990,and president and co-chief operating officer from 1999 to 2004. After leaving Goldman Sachs, Thain was CEO of the New York Stock Exchange from January 2004 to December 2007. In December 2003, interim chairman John Reed at the New York Stock Exchange told Th...
Thain is a member of the following organizations: 1. MIT Sloan School of Management– North American Executive Board 2. The New York Botanical Garden – Board of Managers, Investment Committee. Thain and his wife, Carmen, are both active members of the NYBG Board. Their philanthropy includes helping the Garden restore and preserve its 50-acre old-gro...
He is active in social work and was gala co-chair for a Publicolorevent in New York City that honored Rick Segal, Publicolor's former board chair. Thain and his wife have two daughters and two sons. Thain's property of 25 acres (10 ha) in New York State spans three townships, Rye, Harrison, and Rye Brook. Thain has a house on North Captiva Island i...
Aug 24, 2009 · John Thain is out at Bank of America. The last straw for the former Merrill Lynch chief executive officer was the news that a number of top executives at the once mighty brokerage got paid hefty ...
But hold hard, now Merrill CEO John Thain is weighing in on the great banker bonus debate. According to Thain – you can watch the FT video below – inflated, individualised bonuses and ...
