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| Merrill CEO Steps Down, Leaves Firm In Crisis |
| Published: October 31, 2007, 12:00 am |
| Tags: Merrill, Ceo, Steps, Down, Leaves, Firm, Crisis, Larry Fink, Goldman Sachs Group Inc, Ahmass Fakahany, John Thain, Wall Street, U S Securities And Exchange Commission, Alabama, Merrill Lynch Amp Co Inc, Nyse Euronext, Alberto Cribiore, Daniel Tully, E Stanley O Neal, Gre |
| NEW YORK, Oct. 30 -- E. Stanley O'Neal, the embattled chairman and chief executive of Merrill Lynch, stepped down Tuesday as expected, taking with him a $161.5 million retirement package and leaving behind a company facing portentous questions about its future. |
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| The Financial Desk: John Thain Is The Next Ceo Of Merrill Lynch |
| Published: November 14, 2007, 2:53 pm |
| Tags: Which Up, John, Thain |
| O’Neal. Thain has that classic Wall Street pedigree where he’s done a bunch of stuff I literally don’t comprehend: 1. chief executive of NYSE Euronext- New York Stock Exchange European Subsidiary? Not sure.2. He took the exchange public through a reverse takeover of Archipelago and then engineered a merger with |
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| John Thain Is Not A Citi Contender |
| Published: November 14, 2007, 1:52 pm |
| Tags: Which Up, John, Thain |
| ( Found here. ) NYSE Euronext Inc. CEO John Thain is not on the short list of candidates being considered for the Citigroup Inc. CEO spot, an anonymous source told the Financial Times. Instead, he’s reportedly going to be named the CEO of Merrill Lynch & Co., according to The New York Post. [Source] (more…) |
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| The Financial Desk: John Thain Is The Next Ceo Of Merrill Lynch |
| Published: November 14, 2007, 8:32 pm |
| Tags: Which Up, John, Thain |
| O’Neal. Thain has that classic Wall Street pedigree where he’s done a bunch of stuff I literally don’t comprehend: 1. chief executive of NYSE Euronext- New York Stock Exchange European Subsidiary? Not sure.2. He took the exchange public through a reverse takeover of Archipelago and then engineered a merger with |
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| John Thain Is Not A Citi Contender |
| Published: November 14, 2007, 6:21 pm |
| Tags: Which Up, John, Thain |
| ( Found here. ) NYSE Euronext Inc. CEO John Thain is not on the short list of candidates being considered for the Citigroup Inc. CEO spot, an anonymous source told the Financial Times. Instead, he’s reportedly going to be named the CEO of Merrill Lynch & Co., according to The New York Post. [Source] (more…) |
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| John Thain Is Not A Citi Contender |
| Published: November 15, 2007, 3:26 am |
| Tags: Which Up, John, Thain |
| ( Found here. ) NYSE Euronext Inc. CEO John Thain is not on the short list of candidates being considered for the Citigroup Inc. CEO spot, an anonymous source told the Financial Times. Instead, he’s reportedly going to be named the CEO of Merrill Lynch & Co., according to The New York Post. [Source] (more…) |
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| Merrill Lynch Hopes John Thain Will Be the Piper Who Leads Them to Reason |
| Published: November 15, 2007, 11:10 am |
| Tags: White Men With Money, John Thain, Merrill Lynch |
| the board has named NYSE CEO John Thain, whose background includes a dozen years at their archrival Goldman Sachs, the new CEO of Merrill Lynch. "It's shocking [they picked] someone from a Goldman Sachs background," the bank's former CEO Dan Tully told the Journal today. Tully also said Thain didn't seem to be a "folksy" "people person" |
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| Rove, Regan and Rather: Crazy? Or Crazy Like Foxes? |
| Published: November 16, 2007, 12:00 pm |
| Tags: Company Town, Alex Rodriguez, Cbs, Cbs News, Cfda, Chuck Schumer, Dan Rather, Edun, Goldman Sachs, John Thain, Judith Regan, Karl Rove, Merrill Lynch, Newsweek, Scott Boras, Vogue, W Magazine, Wells Fargo, Yankees |
| execs, Gerry Cardinale and John Mallory, managed to corral A-Rod and the Yankees into making a tentative deal, valued around $300 million. But will they get credit in the financial-league tables? And is this all part of Scott Boras's master plan? [Deal Journal/WSJ] • John Thain may be in for more trouble than we thought at Merrill. The |
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| Jon Stewart Suddenly Not Looking Like the Nice Guy |
| Published: December 3, 2007, 12:35 pm |
| Tags: Company Town, Bear Stearns, Choire Sicha, Chuck Prince, Citigroup, Clarence Thomas, Conde Nast, Emily Gould, Gawker, Goldman Sachs, Jay Leno, Jeff Bercovici, John Thain, Jon Stewart, Merrill Lynch, Proenza Schouler, Ralph Lauren, Teen Vogue, Vikram Pandit, Wga Strike |
| man alive. [NYT] • John Thain takes over at Merrill today, and he plans to remold the bank in the image of his old haunts at Goldman Sachs. Maybe Ben Stein wasn't so crazy after all. [FT] • You know those two big Bear Stearns hedge funds that went down early this summer, setting off the entire subprime implosion? Somehow the fund |
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| Cravath's Good Ol' Boys Miss the Good Ol' Days |
| Published: December 17, 2007, 12:18 pm |
| Tags: Company Town, Alycia Lane, Cravath Swaine Amp Amp Moore, David Letterman, John Thain, Merrill Lynch, Philadelphia, Robert Morgenthau, The Sixth Borough, Warren Buffett, Whoopi Goldberg |
| in assets. [NYP] • John Thain is taking the tough-love approach at Merrill Lynch, ordering 40 percent bonus cuts in the fixed-income division that brought the bank to its knees. Some mortgage traders may see their bonuses cut as much as 80 percent — that is, assuming they still have their jobs. [Bloomberg] • Check out the |
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| Merrill Lynch CEO Asks Jeff Kronthal to Bring It |
| Published: December 18, 2007, 9:36 am |
| Tags: White Men With Money, Bring It On, Jeff Kronthal, John Thain, Kirsten Dunst, Merrill Lynch, Stan O Neal |
| new Merrill Lynch CEO John Thain has announced he is hiring back Jeff Kronthal, one of six top trading executives former CEO Stan O'Neal fired back in the summer of 2006, reportedly after they resisted his directive to increase risk-taking by underwriting mortgage-backed securities. O'Neal, of course, was fired himself this past November |
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| Can John Thain's Hotness Save Merrill Lynch? |
| Published: January 17, 2008, 10:20 am |
| Tags: White Men With Money, Finance, John Thain, Merrill Lynch, Subprime Crisis |
| new Merrill Lynch CEO John Thain used the exact same words Citigroup CEO Vikram Pandit used the other day when his firm lost nearly $10 billion. The results are "clearly unacceptable," they said. Yeah. Remember in It's a Wonderful Life when Uncle Billy lost $8,000 and the Bailey Brothers Savings and Loan nearly went under? This is way |
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| John Thain Keeps His Cool, Continues to Be Hot |
| Published: January 18, 2008, 11:32 am |
| Tags: White Men With Money, Finance, John Thain, Merrill Lynch |
| employer, Goldman Sachs. Thain's hired Noel Donahue to run risk management and hopes to hire former Goldman co-head of sales and trading Tom Montag (no relation to Heidi). "The problem is not a zero, but it is for the most part behind us," Thain told the Journal. Can Thain, with his Clark Kent good looks and cool-headed fixer attitude, |
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| John McCain Brings All the Billionaires to the Yard |
| Published: March 7, 2008, 1:45 pm |
| Tags: Early And Often, Billionaires, Campaigns, Elections, Georgette Mosbacher, Henry Kissinger, Henry Kravis, Hillary Clinton, John Mccain, John Thain, Louis Bacon, Marc Rowan, Politics, Ray Dalio, Republicans, Robert Fisher, Warren Buffett, Woody Johnson |
| Getty ImagesJohn McCain is coming to New York next Tuesday for a giant fund-raiser to power his national campaign, reports Elizabeth Benjamin at the Daily News. It sounds like it's going to be a doozy — the host committee includes Henry Kissinger, Alfonse D'Amato, Woody Johnson, Georgette Mosbacher, and Merrill Lynch CEO John Thain. |
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| Kicking Stan O'Neal When He's Down |
| Published: April 14, 2008, 5:30 pm |
| Tags: White Men With Money, John Thain, Merrill Lynch, Stan O Neal |
| profile of his replacement John Thain in their May issue. Thain, whose past offenses include putting the little-old-man house barber at the New York Stock Exchange out on the street and allegedly eating jelly on his bagels, comes off looking like Superman compared to O'Neal's sniveling Lex Luthor. Sure, it's not exactly news that O'Neal, who |
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