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In this Wharton Leadership Lecture, former Merrill Lynch CEO John Thain offers his opinions as to what caused the crisis, what can be done to prevent it from...
- 29 min
- 31K
- Wharton School
Oct 21, 2015 · John A. Thain, who will retire as chief executive of the CIT Group in March, has had plenty of ups and downs in his career on Wall Street. After guiding CIT’s transformation into more of a...
Upon joining Merrill Lynch, Thain received a $15 million signing bonus. The firm announced that Thain would receive at least $50 million a year and could be paid as much as $120 million a year, based on the company's stock price.
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...
Jan 27, 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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Jan 27, 2009 · The pre-text for his departure was Thain's decision to pay $4 billion in bonuses to employees in late December, just days before the sale of the company. Yesterday, Thain appeared on CNBC...
