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Dec 30, 2022 · Thain’s estimated net worth is around $100 million. He had more success taking lender CIT out of bankruptcy, and on the path to recovery. Richard Fuld—Lehman Brothers
Oct 21, 2015 · September 2008 As the last chairman and chief executive of “Mother Merrill,” Mr. Thain struck an agreement to sell Merrill Lynch to Bank of America for $50 billion in stock. The surprise deal...
John Alexander Thain (born May 26, 1955) is an American financial executive and investment banker. He was president and co-COO of Goldman Sachs, and then CEO of the New York Stock Exchange. Thain then became the last chairman and CEO of Merrill Lynch & Co. before its merger with Bank of America.
Sep 17, 2013 · Just as Lehman was about to go under, Thain helped negotiate the sale of Merrill to Bank of America ( BAC) for a premium to its stock price. Still, Thain didn't win many friends at Bank of...
With $45 billion in writedowns since ceo Stanley O'Neal's departure and 4,000 layoffs, the man known as Mr. Fix-It cobbled together an 11th hour deal to avoid Lehman's fate.
Sep 15, 2013 · John Thain Thain convinced Bank of America to buy Merrill Lynch, the investment bank and brokerage he was CEO of, during the weekend that Lehman Brothers was failing. But he resigned from Bank of America in January 2009 after Merrill announced that it lost $15 billion in the fourth quarter and had paid out big bonuses ahead of its sale.
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Jun 1, 2024 · John Alexander Thain is Independent Director of the Company since September 2017. Mr. Mr. Thain is the founding partner of Pine Island Capital Partners LLC, a private investment firm, and has served as Chairman since October 2017.
