Results tagged “John Thain” from Dealbreaker

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Bank Of America Board To Lock Themselves In A Room Sunday Night And Not Come Out 'Til They Come Up With Someone Willing To Take Over For Ken Lewis, Maybe

Charlie Gasparino reports that the Bank of America board "really, really" wants to finally pick someone to take the job of boozing it up at happy hour and then returning to the office and saying "How 'bout we do Merrill...

John Thain Says He Never Threw A Chair, Is Willing To Take Bank Of America CEO Job

We've been saying for a while that John Thain is the ideal candidate to take over Bank of America, as a) he's unemployed and b) he could use his power to equip every men's room with the line of urinal...

John Thain Didn't Want To Be Compared To Erin Callan

Or so alleges country reporter Charlie Gasparino, in his new book (out tomorrow!), When Mooks Fail. According to CG, given that "both of these broads" had "a great pair of legs and an ass just begging for a pinch," the...

How Should Ken Lewis Help Clear John Thain's Name?

The Post makes two bold claims this morning. The first is that John Thain feels vindicated by Ken Lewis's resignation (which we buy, and would probably say is an understatement) but simultaneously "harbors no ill-will toward Lewis" (really? because that...

Strap On The Singlets, My Friends!

Cause it's John Thain's 53rd birthday and he's going to have a round on the mat with each and every one of you! No, just kidding! Only Ken Lewis! And on that dead serious note: we can think of no...

Forced Nakedness And Sexual Humiliation Is Next

This is not the environment in which to mess with Cuomo. Particularly if you are John Thain. Seriously. Says Dealbook: Merrill Lynch's former chief executive, John A. Thain, was questioned by the New York State Attorney General Office last week....

Blue Horseshoe Loves John Thain

Footnoted is carrying a rather interesting post that notes the SECs continued interest in John Thain and his employment arrangements even before he was revealed as an affluent and enthusiastic connoisseur of expensive interior decor advice. But it turns out...

Bank Executives Freed Of These Earthly Bounds!

From Flying magazine's eIssue: On Tuesday night, with no fanfare whatsoever, Congress left out a provision of the Troubled Assets Relief Program (TARP) that would have prohibited TARP beneficiaries from using bizjets. No word on exactly why the provision was...

The Powerful, Powerless

For "Capitalism Meets Populism" drama you can hardly beat the extraordinary shareholder meeting. And when it is an "end of an era" meeting, sounding the funeral bells of a venerable company with near triple digit age counters, the extremes on...

Cuomo And Thain To Duel?

[click to view] As you know, UBS, Citi, Morgan Stanley et al all chose over the last several weeks to pay back billions in auction rate securities to avoid going to court with Attorney General Andrew Cuomo. No agreement...

John Thain To Meet With Korea Sovereign Fund Chief

Dow Jones reports that Merrill Lynch CEO John Thain will be sitting down with South Korea's sovereign wealth fund and key government officials during the first week of September. Supposedly the hang out is "just a courtesy call" to see...

Thinking About Seeking Employment At Merrill? Think Again!

Changes afoot at Merrill Lynch today. Not profitability or anything crazy like that but perhaps a step in that direction? The firm has instituted a global hiring freeze to last at least through next year. The ban on personnel includes...

How Can We Get Back To Here?

CNBC: Greg Flemming Is "Wall Street's Cinderella"

Merrill's Comeback Man [CNBC]...

Merrill Lynch Boss Man Top Paid CEO On Wall Street

Last year, Merrill Lynch's John Thain was the highest paid chief executive at a public company in the North East corridor stretching from Washington DC to Boston, according to the Associated Press. Thain took over as CEO and chairman of...

Becoming Goldman Sachs

Round of applause for John Thain and the enormous restraint he demonstrated in the five months since taking over Merrill Lynch. He could’ve changed the letterhead, shaved his head and asked people to call him LB from Day One, but...

Swiss Alps Fail To Cheer Bulge Bracket Leaders, Save For The Ones Dropping Acid

Three months ago, at the World Economic Forum in Davos, Switzerland, I commented to one of the best-known men in American finance that he seemed pretty glum. He agreed, and said that was true for virtually every financial executive there....

The Undergraduate's Guide To Q&A On Merril Lynch's Q1'08 Call

I was curious how high level the Q&A section of the Merrill Lynch call might be and what the "rest of the world" thought of the chaos on The Street. So I enlisted help. I pestered a good friend of...