Tag:
John Thain
Latest Headlines
Latest Headlines
Corzine steps down, lawyers up
Jon Corzine has stepped down as CEO of MF Global, a firm he leaves mired in bankruptcy court and a victim of the European debt crisis as well as a surfeit of recklessness.
Regulators and prosecutors are circling, and we can only hope they get to the bottom of the mess soon. We suggested recent
The truth about Tim Mayopoulos
Tim Mayopoulos, who was abruptly fired as general counsel under odd circumstances by Bank of America ( BAC Bank of America news), is now gainfully employed by Fannie Mae. So he may not want to say anything that would fuel the controversy already surrounding him. But he may want to clear the
Thain a great fit at CIT?
Breakingviews says this about John Thain's move to CIT: The former Merrill Lynch CEO, whose personal brand was tarnished by the whole Bank of America ( BAC ) deal fiasco, "has checked into rehab--career rehab that is." That's an interesting way of putting it. Whether the arrangement proves t
Can Thain lead CIT?
You might have thought John Thain was tainted after his end-of-term fiasco at Merrill Lynch. He was fired by Ken Lewis after all. But given what's happened to Lewis since then, it may be a bragging point. In any case, there's a lot of clean-up work to be done at CIT. He may be joining at an opport
What a comeback for Brian Moynihan
He was the ultimate loyalist in many ways. He was parachuted in to do something about Bank of America's ( BAC ) investment banking operation. He was then essentially shoved aside in favor of John Thain, who was designated as the guy to run investment banking and trading after the Merrill Lynch d
John Thain comes out swinging
John Thain, the former CEO of Merrill Lynch, was one of many whose reputations were tarnished by the credit crunch. In his case, the fall wasn't exactly epic, but it was steep and personally painful.
When he took over as CEO of Merrill Lynch after a strong stint at the NYSE, he was widely seen
Too-big-to-fail fight brewing in Washington
The SEIU-led anti-big bank rally made a stop in Washington , picketing the offices of Goldman Sachs. Only about 100 protesters showed up with their signs, but that was good enough to get some coverage in Politico . The most memorable prop: a big red homemade vampire squid puppet, replete
Harvard case study to look at ... Harvard
There has been some talk as of late as to whether business schools adequately prepared students to cope with the financial tsunami that still hasn't washed away. Some wonder if B-schools are to blame in some sense, for creating the mentality that would foster the credit bubble. It seems far fetche
What did Thain say about individual bonuses?
There's been a lot of posturing when it comes to New York State AG Andrew Cuomo's attempt to get to the bottom of the Merrill Lynch bonus brou-ha-ha. We may get a bit more clarity from John Thain soon. A New York Supreme Court ruling cleared the way for Thain to directly answer questions, on Tuesd
Why John Thain won't discuss bonuses
New York State Attorney General Andrew Cuomo reportedly deposed ex-Merrill Lynch CEO John Thain at length recently. But now you've got to wonder what they were talking about? Reuters reports that Cuomo, who is on the warpath regarding executive bonuses, has gone to court to compel Thain to dis
