The father was a boat builder and died in 1819.
John A. Thain, the former chief executive of Merrill Lynch, did a less-than-ideal job parenting Merrill through its 2008 merger with Bank of America.
John Alexander Thain was born on 26 May 1955, in Antioch, Illinois USA. He replaced Before taking over at Merrill Lynch, Thain was CEO of Thain is a member of The MIT Corporation, the Dean's Advisory Council – MIT/Sloan School of Management, INSEAD – U.S. National Advisory Board, the James Madison Council of the Library of Congress and the Thain has an undergraduate degree in Electrical Engineering from Massachusetts Institute of Technology and an John Thain doesn't need the money.
Bachelors – MIT; MBA – Harvard.
The most obscene aspect of Grasso’s salary was not its magnitude, but the obvious conflict of interest that was latent in it.
Our team currently working, we will update Family, Sibling, Spouse and Children's information. In the past, John has also been known as John A Thain.
Included in the redecoration effort was a $35,000 “commode on legs” and a $1,400 trash can. Thain was a long-time Goldman Sachs employee and was Jon Corzine’s (#13) veritable shadow during the crisis negotiations regarding Long Term Capital Management (LTCM) in September 1998.
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(Thain’s MBA is from Harvard.) What type of person in a leadership position would dedicate any of their limited time and energy to such a trivial task when so much important work obviously needed to be done?
Mr. O’Neal, after all, starred in
Coming in the wake of the tech bubble bursting, and given the fact that the quasi-public NYSE only made $28-million in 2002, Grasso’s pay seemed more than a little excessive.
John has 7 jobs listed on their profile.
Thain replaced Richard Grasso as chairman of the NYSE. Looking forward a few months, in April 2008 Merrill would announce a layoff of 10% of its employees. Consistent with these reforms, in August 2003 the NYSE was forced to announce – admit is a better word - Richard Grasso would earn $140-million in 2003 and was owed another $48-million in deferred compensation.
Well before the financial crisis, John Thain was a major player on Wall Street. On November 14, 2007 and just two weeks after Stanley O’Neal’s forced resignation, Merrill Lynch announced that Thain had been hired as its new CEO. He was also the last CEO of Merrill Lynch before its merger with Bank of America. CIT. (Remember the $35,000 “commode on legs?”) But Mr. Thain’s actual parenting skills – to his two sons and two daughters – are apparently top notch. Well before the financial crisis, John Thain was a major player on Wall Street. John has 5 jobs listed on their profile. Zuvor war er bei Goldman Sachs , zuletzt als Präsident und COO . All of his efforts have helped put his net … Summary: Previous to John's current city of Rye, NY, John Thain lived in New York NY. Thain has an undergraduate degree in Electrical Engineering from Massachusetts Institute of Technology and an MBA from Harvard.
The most damning aspect of Thain redecorating his office was not the cost to do so, but the defective mindset that judged it a reasonable action. Focusing on the cost of the redecorating work misses the fundamental aspect of what is most at fault with it.
We know that John's political affiliation is unknown; ethnicity is Caucasian; and religious views are listed as Christian. The mother was born in 1828, and still lives in North Dakota. John Alexander Thain is Chairman at Pine Island Capital Partners LLC.
John Thain Net Worth 2020: Currently serving as the Chief Executive Officer and Chairman of CIT Group, John Thain is an American investment banker and businessman with an estimated net worth of $1 billion as of 2012.
However, before discussing Thain’s initial actions at Merrill, it is first necessary to fully understand what was occurring at Merrill Lynch and throughout Wall Street at the time he was hired. Whatever the ultimate answer to this question, it should be clear that the type of person who would do such a thing is completely ill-suited for a leadership position. In January 2008 Merrill Lynch would announce billions more in losses, and Merrill’s total losses in the financial crisis would ultimately exceed $56-billion. In this case “forced” is a relative term because as part of this forced resignation O’Neal took home $161.5-million in retirement benefits.