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NYSE CEO walks to Merrill Lynch

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John Thain, who led NYSE Euronext for four-years, is leaving his job to take over the top spot at Merrill Lynch. His experience, which includes an executive position at Goldman Sachs, will come in handy, many analysts said. Thain now has to put the pieces back together after bad bets prompted Merrill Lynch to announce the biggest quarterly loss in its history.

Channel: News & Politics
Uploaded: December 31, 1969 at 6:59 pm
Author: ReutersVideo

Length: 01:58
Rating: 3.75
Views: 8426

Tags: Euronext  financial  John  Lynch  Merrill  news  NYSE  Reuters  Thain  

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goomannc (December 31, 1969 at 6:59 pm)
Thain is on the Trilateral Commission too. Definitely a ranking member of the Illuminati.
dalaurya (December 31, 1969 at 6:59 pm)
This is good evidence to show that Merrill Lynch was in trouble last year...
strongerthanviagra (December 31, 1969 at 6:59 pm)
The best way to save Merill Lynch is to short sell one or two units of Merill Lynch, and then buy back the company after crisis....
condadopr (December 31, 1969 at 6:59 pm)
The Wall Street Journal stated that John Thain will be paid "a plain vanilla number" - about $4 million a year, including bonuses, with no "strange retirement" programs.What the heck, CEO don't suffer...
TreeMan7777 (December 31, 1969 at 6:59 pm)
Go SHORT MER. They are now considering selling the 20% stake in Bloomberg, possibly the Blackrock stake (need Blackrock approval on that). Not good. Still firing people (another 5000 in addition to the 4000 in March and still can't pay bonuses for 2009 . Thanks again Stan and team. Great job.
mogilny89p (December 31, 1969 at 6:59 pm)
95 to 31 in one year good job assholes, Happy fourth! Good bye. Good riddance.
TreeMan7777 (December 31, 1969 at 6:59 pm)
Thanks Stan you asshole. Now let's get the party rolling. Ahmass Fahkahanny get ur fat lasy risk ass out and that stupid conceited Diane Schueneman constipated bitch. You F'd this place up good and it's going to take YEARS to get it back to where it was.

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