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NYSE Board Meeting Rumor: Thain To Merrill?

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Rumors are rampant that the New York Stock Exchange will begin an unscheduled board meeting in about ten minutes. The eleven o'clock meeting is widely believed to have been called so that NYSE chief executive John Thain can announce he is leaving the exchange.
CNBC has reported that speculation on the floor of the exchange has Thain leaving to go to either Merrill Lynch or Citigroup, both of which recently ousted their chief executives. Our sources are leaning heavily toward Merrill. And over at the Financial Times, they are just now reporting that Thain isn't even a contender for the top spot at Citi.
There's also a minority view that the board is meeting to discuss a new acquisition, perhaps of the NYMEX.

Thain absent from Citi’s shortlist
[Financial Times]