Home>Topics>Business>Ceos>John Thain

John Thain

Latest John Thain News

  1. 'Crash of the Titans' sketches Wall Street behind the scenes

    Sun, 19 Dec 2010

    million. For those who made it to the CEO's office, supersize salaries and bonuses awaited. In addition to his salary, John Thain bagged a $15 million signing bonus and a $1.2 million office do-over just to come to work as Merrill Lynch's CEO. His

  2. Cuomo Demands Bonus Info from Bailed-Out Banks

    Mon, 11 Jan 2010

    investigation into executive compensation, including last year's subpoenas of AIG chief Edward Liddy and former Merrill Lynch CEO John Thain about the multi-million-dollar sums paid to employees while those companies were in serious financial trouble. This year's

  3. Wall Street bankers are still raking in billions in bonuses

    Sun, 9 Aug 2009

    purchase, Merrill lost $15.3 billion — bringing its losses for all of 2008 to a record $27 billion. Yet, Merrill CEO John Thain pushed through $3.6 billion in bonuses to Merrill employees days before the merger with BofA closed on Jan. 1, 2009

  4. Judge sets hearing on BofA-SEC settlement

    Thu, 6 Aug 2009

    Sept. 13-14, 2008, the same weekend that Lehman Brothers collapsed. Bank of America CEO Ken Lewis and Merrill Lynch CEO John Thain announced the deal Sept. 15. The acquisition came as Lehman's collapse caused panic in the financial markets and investment

  5. Bank of America fined $33 million

    Tue, 4 Aug 2009

    first came to light in January, leading to the ouster of CEO John Thain . On Feb. 10, New York Attorney General Andrew Cuomo revealed it knew of the bonuses. In a statement, the bank said, " John Thain decided to pay year-end incentives in December as opposed

  6. BofA pays $33M SEC fine for misleading investors

    Mon, 3 Aug 2009

    Sept. 13-14, 2008, the same weekend that Lehman Brothers collapsed. Bank of America CEO Ken Lewis and Merrill Lynch CEO John Thain announced the deal Sept. 15. The acquisition came as Lehman's collapse caused panic in the financial markets and investment

News

  1. In Japan, more CEOs share the pain of tough times

    Sun, 5 Apr 2009

    While Merrill Lynch's John Thain was splurging on a $1.2 million office makeover and Lehman Bros.' Richard Fuld was drawing a $22 million bonus, the president

  2. Bailed-Out Citi Plans $10M CEO Office

    Thu, 19 Mar 2009

    three times as high. Merrill Lynch CEO Spends on Redecoration Earlier this year CNBC reported that then Merrill Lynch CEO John Thain spent more than $1 million to redecorate his office. The redecoration, which took place in early 2007, became a symbol

  3. A "Let Them Eat Cake" Moment?

    Mon, 16 Mar 2009

    Spotted power-lunching at the uber-exclusive Four Seasons Grill Room: John Thain - the ex-Merrill CEO who quit after the public learned he had funneled billions in bonus money to the employees of his sinking

  4. A "Let Them Eat Cake" Moment

    Mon, 16 Mar 2009

    Spotted power-lunching at the uber-exclusive Four Seasons Grill Room: John Thain - the ex-Merrill CEO who quit after the public learned he had funneled billions in bonus money to the employees of his sinking

  5. Battle Over Bonuses: Govt. Says Bank of America Threatens to Sue Employee Willing to Talk

    Fri, 6 Mar 2009

    America that urged that the information remain confidential and that the confidentiality extend beyond former Merrill CEO John Thain 's testimony to include statements from other executives, at least four of whom have already testified. Fresh testimony

  6. Cuomo Says BofA Interfering with Bonus Investigation

    Fri, 6 Mar 2009

    any laws were violated in the way bonuses were paid on an accelerated schedule by a team that included former Merrill CEO John Thain and Bank of America officials. Thain had to be served two subpoenas before he answered any questions on the bonuses. During

  7. Judge Rules Bank of America Must Reveal Bonus Information

    Fri, 6 Mar 2009

    any laws were violated in the way bonuses were paid on an accelerated schedule by a team that included former Merrill CEO John Thain and Bank of America officials. Thain had to be served two subpoenas before he answered any questions on the bonuses. During

More »

Videos

  1. Alcoa Kicks Off Earnings Season

    Tue, 12 Jan 2010

    Haven't heard much and that's because we don't have a lot of details about the structure of how this tax is going to work. John Thain the former CEO of Merrill Lynch told Bloomberg television. Yesterday. That that attacks wasn't necessarily the right way

    John Thain found at 3:15

    details about the structure of how this tax is going to work. John Thain the former CEO of Merrill Lynch told Bloomberg television. Yesterday. That that attacks wasn't necessarily the right way to address banks and
  2. Market Sneak Peak

    Mon, 8 Feb 2010

    supporting CIT's business that's what had been keeping it afloat in the past. But still this is a kind of business as John Thain says that the US economy needs to recovering a CIT is a lender I think 3000 small and medium size businesses and this is where

    John Thain found at 5:37

    in the past. But still this is a kind of business as John Thain says that the US economy needs to recovering a CIT is a lender -- -- I think 3000 small and medium size
  3. More Layoffs, But Market Rebounds

    Mon, 8 Dec 2008

    these giant salaries paid to men. Who basically are running companies that are doing very well and a case in point is the is John Thain who who is all of a sudden asking for rather large buyout. A company that didn't do very well. Well John is now the CEO

    John Thain found at 1:43

    are doing very well and a case in point is the is John Thain who who is all of a sudden asking for -- rather large buyout. A company that didn't do very well. Well John
  4. Top Dog, Top Dollar

    Sat, 13 Dec 2008

    How about all the little people little people anything that people first. But by late that afternoon the change of course John Thain told the board He would not ask for a bonus after all. Which begs the question why the change since the outreach so what

    John Thain found at 0:50

    people -- first. But by late that afternoon the change of course John Thain told the board He would not ask for a bonus after all. Which begs the question why the change -- since the
  5. Collapsing Bank Doles Out Billions

    Tue, 27 Jan 2009

    CEO bill O four billion in bonuses anyway. That's precisely the question New York's attorney general is now asking of John Thain the outgoing CEO. Reportedly paid out the money just before his feeling financial giant was bought out my Bank of America

    John Thain found at 0:41

    That's precisely the question New York's attorney general is now asking of John Thain the outgoing CEO. Reportedly paid out the money just before his feeling financial giant was bought out my Bank of America. They
  6. Obama's Stimulus Plan; Al-Arabiya Interview

    Tue, 27 Jan 2009

    CEO bill O four billion in bonuses anyway. That's precisely the question New York's attorney general is now asking of John Thain . The outgoing CEO reportedly paid out the money just before feeling financial giant was bought out by Bank of America. They

    John Thain found at 5:12

    That's precisely the question New York's attorney general is now asking of John Thain . The outgoing CEO reportedly paid out the money just before -- feeling financial giant was bought out by Bank of America. They
  7. The Party's Over in Davos

    Wed, 28 Jan 2009

    the US taxpayer. Gone is Dick Fuld had of the Lehman Brothers Jimmy Cayne of Bear Stearns also out and after two days ago John Thain from Merrill Lynch. Other executives who still have their jobs public image embarrassments chose to stay home. In fact the

    John Thain found at 0:53

    Jimmy Cayne of Bear Stearns also out and after two days ago John Thain from Merrill Lynch. Other executives who still have their jobs -- public image embarrassments -- -- -- chose to stay home. In
More »

Photos

  1. Merrill CEO, John Thain, Faces Fight for $10 Million Bonus

    Related Connections

    ABC News on FaceBook

    follow us

    Social Tools Facebook Twitter Twitter RSS Mobile