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27 Jan 2009, 6:43 am
In this morning's NYT, one of my favorite writers there, Clyde Haberman, goes to town on John Thain, the Merrill Lynch CEO who's been recently deposed. [read post]
26 Jan 2009, 12:00 pm
We wrote earlier today about John Thain's remodeling of his office. [read post]
26 Jan 2009, 9:00 am
By now, everyone is aware of John Thain's dismissal from B of A last week, at least in part, according to the press, because of "poor communications" about Merrill's unexpectedly large losses in December. [read post]
25 Jan 2009, 6:22 am
(Note that this opinion was offered, or this speculation widely floated, before John Thain's abrupt eviction from his exquisite office [remodeled at a cost of $1-million+, it was conveniently revealed, on the occasion of his professional dismissal and embarrassment].) [read post]
23 Jan 2009, 8:01 am
Yesterday, pretty much everyone was a-flutter over the the story that Merrill’s John Thain had spent $1.2 million on redecorating his office when he joined Merrill in December 2007. [read post]
23 Jan 2009, 5:59 am
But in less than 15 minutes on Thursday, the charmed career of John A. [read post]
23 Jan 2009, 3:01 am
Thain reported that Merrill suffered significant losses in November, which Thain described as one of the worse months in Wall Street history. [read post]
22 Jan 2009, 1:31 pm
Fallout A: Former Merrill CEO John Thain resigned today from BofA. [read post]
22 Jan 2009, 10:21 am
Even as news broke that John Thain was on his way out at Bank of America, there were reports that Mr. [read post]
22 Jan 2009, 8:06 am
As more controversy swirls around Bank of America's acquisition of Merrill Lynch, CNBC reported Thursday morning that Kenneth Lewis, Bank of America's chief executive, planned to meet with John Thain, Merrill's former chief executive, that morning to discuss his future at the combined firm. [read post]
22 Jan 2009, 1:32 am
The S.D.N.Y. action also names Merrill’s CEO John Thain as a defendant as well. [read post]
16 Jan 2009, 1:04 pm
Merrill Lynch Chairman and CEO John Thain, left, and Bank of America Chairman and CEO Ken Lewis, Sept. 15, 2008. [read post]
8 Jan 2009, 9:30 am
The claimant gets to decide who is forced to spend money to defend themselves, and once a defendant decides to name a respondent in a case, he is financially committed to defend himself through the discovery process and a hearing regardless of the merit of his legal defenses.Just wait - next up, a claimant's lawyer will name John Thain in the next Merrill suit, along with every other control person at Merrill. [read post]
10 Dec 2008, 5:15 pm
With all of this in mind, it was quite interesting to read about the dispute between the soon to be extinct (at least as an independent entity) Merrill Lynch and its CEO, John Thain. [read post]
9 Dec 2008, 5:07 pm
Even John Thain of Merrill Lynch only folded in his request for a $10 million bonus under outside pressure. [read post]
8 Dec 2008, 10:11 pm
Under pressure from inside and outside Merrill Lynch, John Thain, Merrill’s CEO, has decided to “voluntarily” forgo a bonus for 2008, according to the Wall Street Journal. [read post]