John Thain

Why Poaching Star Employees Might Not Be The Best Idea

The Huffington Post | Khadeeja Safdar | Posted 04.03.2012

Read More: Hiring-Trends, External Hiring, Job Performance, John Thain, Hiring Source, Salary, Business News, Jobs, Hiring, Pay-Scale, Study, Business News

Companies in search of high-performing workers shouldn't look much further than their own offices, according to new research. Workers hired from o...

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BofA Wants To Foreclose On BofA Building

South Florida Business Journal | Brian Bandell | Posted 07.27.2011

Read More: John Thain, U.S. Century Bank, Ken Lewis, Bank of America, Florida, Foreclosure, Boynton Beach, South Florida, Business News

Bank of America wants to foreclose on a Boynton Beach building where it houses one of its branches. The Charlotte, N.C.-based bank (NYSE: BAC) filed ...

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HSBC Chairman: Capping Executive Pay Would Be 'Irresponsible'

Posted 07.27.2011

Read More: Hsbc, Libya, John Thain, Muammar Gaddafi, Douglas Flint, Economic Crisis, Banking Crisis, Financial Crisis, Executive Compensation, Stuart Gulliver, Business News

LONDON (Sudip Kar-Gupta and Sarah White) - HSBC Holdings Plc executives faced investor anger on Friday over lackluster returns and high executive ...

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An Honest Bank Is Hard to Find

B. Jeffrey Madoff | Posted 05.29.2011

Read More: Merrill Lynch, Cnn, John Thain, Subprime Mortgages, Securities Fraud, Countrywide Financial, Bank of America, New York Times, Housing Crisis, Washington Post, Justice Department, Securities and Exchange Commission, Tarp, Fbi, Business News

I never actually met anyone in person from Bank of America. I was not too big to fail; I was too small to notice.

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Seven Villians Of The Financial Crisis: Where Are They Now?

DailyFinance | BRUCE WATSON | Posted 05.25.2011

Read More: Merrill Lynch, Goldman Sachs, Fabrice Tourre, John Thain, Bear Sterns, Countrywide, Ken Lewis, Lehman Brothers, Merril Lynch Bonuses, Financial Crisis, Henry Paulson, Angelo Mozilo, Jimmy Cayne, Dick Fuld, Business News

In 2008, as the economy seemed to be in free-fall, pundits, politicians and the public cast about in search of the ultimate villain, the Wall Street w...

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Ken Lewis Blasts Investors' Merril Lynch-Bank Of America Merger Lawsuit, Calls It 'Implausible'

AP | DAVID B. CARUSO | Posted 05.25.2011

Read More: Debt, Merrill Lynch, Shareholders, John Thain, Joe Price, Bank of America, Merger, Banks, Bonuses, Wall Street, Andrew Cuomo, Business News

NEW YORK — Lawyers for former Bank of America CEO Ken Lewis said in a court filing that a lawsuit accusing him of misleading investors during th...

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GOP Vilifies Workers Who Serve the Public

Fred Redmond | Posted 05.25.2011

Read More: Scott Brown, Merrill Lynch, U.S. Government?S National Compensation Survey, Public Sector Workers, John Thain, Wall Street, Mitch Daniels, Usw, United Steelworkers, Right Wing, Council on State and Local Government Excellence, Public Sector Conference, National Institute for Retirement Security, Business News

While Republicans are blasting public sector workers, they voted against reforming Wall Street, where compensation and bonuses remain immorally high even after taxpayers footed a bailout.

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Shadow Elite: Wall Street Culture - They Still Don't Get It (Except Their Bonuses)

Linda Keenan | Posted 05.25.2011

Read More: Merrill Lynch, John Thain, Janine Wedel, Wall Street, Financial Reform, Shadow Elite, Financial Crisis, Paul Volcker, Wall Street Bonuses, Wall Street Pay, Business News

The bankers may like to show they prize flexibility, but try telling them they should change bonus culture. On that score, they will not bend. But they needn't worry -- the Champagne will still flow; Washington isn't going after bonuses.

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Casting 'Too Big To Fail': Which Celebs Should Appear In The Movie Of The Financial Crisis? (PHOTOS)

Huffington Post | Ryan McCarthy and Grace Kiser | Posted 05.25.2011

Read More: Lloyd Blankfein, Wallace Shawn, John Thain, Too Big to Fail, Casting Too Big to Fail, John Mack, Robert DeNiro, Dick Fuld, Stephen Colbert, Ken Lewis, Tim Geithner, Erin Callan, Andrew Ross Sorkin, Henry Paulson, Ben Bernanke, Slidepollajax, Business News

It was just a matter of time before Hollywood got its hooks into the financial crisis. HBO recently announced that it had bought the rights to And...

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More Apologies! Now!

Fortune's Stanley Bing | Posted 05.25.2011

Read More: Lloyd Blankfein, Mark Sanford, John Thain, Akio Toyoda, Apologies, The Media, Tiger Woods, Richard Fuld, John Edwards, Cable Installers, Stan O'Neal, Business News

Other guys who haven't apologized enough: John Edwards, Eliot Spitzer, Richard Fuld, Tiberius Caesar, Alan Greenspan, and the guys from the cable company who told me they were going to be there between 8 AM and noon.

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Kenneth Feinberg, Obama's Pay Czar, Blasts Goldman Sachs CEO's $9M Payday (WATCH)

Posted 05.25.2011

Read More: John Thain, Pay Czar, Goldman Sachs Lloyd Blankfein, Kenneth Feinberg, Cit, Video, Business News

Obama's pay czar isn't happy with the $9 million payday that Goldman Sachs is set to give its CEO, Lloyd Blankfein. In an interview with Bloomberg...

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John Thain To Lead CIT

AP | STEPHEN BERNARD | Posted 05.25.2011

Read More: Merrill Lynch, John Thain, Wall Street, Economic Crisis, Bank of America, Cit, Goldman, Wall Street Bailout, Bailout, Financial Crisis, Business News

NEW YORK — John Thain is getting a second chance. CIT Group Inc., the lender that is trying to regain its former stature after almost collapsin...

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John Thain, Ex-Merrill Lynch CEO: Too-Big-To-Fail Banks Could Face Fees

Posted 05.25.2011

Read More: Goldman Sachs, John Thain, Ken Lewis, Financial Crisis Inquiry Commission, Bank of America, Glass-Steagall Act, Rodgin Cohen, John Thain Merrill Lynch, Bloomberg News, Glass-Steagall, Video, Business News

Ex-Merrill Lynch CEO John Thain today suggested that large Wall Street firms, not unlike the one he used to run, should be subject to new fees. Ah...

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Bank of America To Give Up Merrill Lynch Deal Documents: AP Source

AP | VINNEE TONG and STEPHEN BERNARD | Posted 05.25.2011

Read More: Shareholders, John Thain, Sec, Wall Street, Ken Lewis, Lehman Brothers, Ceo, Merill Lynch, Bank of America, Charlotte, Bofa, Bonuses, Executive Pay, Merill, Business News

SAN FRANCISCO — After months of resistance, Bank of America Corp. plans to turn over documents showing legal advice it received on its purchase ...

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How The US Blew The Trillion-Dollar Trade Of The Century

Bloomberg | Mark Fisher | Posted 05.25.2011

Read More: Geithner, John Thain, Hank Paulson, The Logical Trader, Bush, Bill Gross, Paulson, Bailouts, Economic Crisis, Bank of America, Aig, Obama, Bofa, Taxpayers, Barack Obama, Recession, Mark Fisher, Warren Buffet, Merrill Lynch, Wall Street, Bailout, Finance, Lehman Brothers, Fed, Tim Geithner, Bernanke, Treasury, Banks, Ben Bernanke, Business News

When the government was forced to bail out the financial system, our friends in Washington also had the opportunity to make the trade of the century f...

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Who Cares About John Thain's Solutions to Our Banking Crisis?

Damien Hoffman | Posted 05.25.2011

Read More: Merrill Lynch, John Thain, Bailout, Crisis, Business News

Given the success of Oliver and Eliot, it may not be long before John's agents sign him to a great deal with a media outlet which will let him have carte blanche regarding the interior design of his dressing room ...

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John Thain: It's Unfortunate "The American Dream Has Been Demonized"

Posted 05.25.2011

Read More: Merrill Lynch, John Thain, American Dream, John Thain Wharton Speech, Business News

In a recent speech at the University Of Pennsylvania's Wharton School of Business, former Merrill Lynch CEO John Thain -- he, of the $35,000 commode -...

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Bank of America Emails Suggest Merrill Losses Were Known Of Before Shareholder Vote

washingtonpost.com | Tomoeh Murakami Tse | Posted 05.25.2011

Read More: Merrill Lynch, John Thain, Ken Lewis, Merrill Lynch Bank of America, Bank of America, House Oversight and Government Reform Committee, Business News

NEW YORK -- Congressional investigators think that reams of internal documents turned over by Bank of America last Friday show that its executives wer...

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Financial Crisis Financiers: Where Are They Now? (PHOTOS)

Posted 05.25.2011

Read More: Joseph Cassano, John Thain, Kerry Killinger, Franklin Raines, Slidepoll, Aig, Christopher Cox, Fannie Mae, Angelo Mozilo, Where Are They Now, Stan O'Neal, Sandy Weil, Merrill Lynch, Financial Crisis, Henry Paulson, Jimmy Cayne, Business News

UPDATE: AIG's Joseph Cassano is BACK in U.S. soil. Check out info on his "surprisingly modest" home here. Absence makes the heart grow fonder. Well...

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Ex-Merrill Chief: I Should Have Picked Ikea Over $1.2 Office Renovation

bloomberg.com | Posted 05.25.2011

Read More: Merrill Lynch, John Thain, Ikea, Thain Office, Business News

Sept. 18 (Bloomberg) -- John Thain, the former chief executive officer of Merrill Lynch & Co. who was accused of overspending on an office renovation ...

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Thain: I Should Have Furnished My Office At Ikea

Bloomberg | Michael J. Moore and Dakin Campbell | Posted 05.25.2011

Read More: John Thain Office, Merrill Lynch, Ikea, John Thain, John Thain Ikea, Business News

John Thain, the former chief executive officer of Merrill Lynch & Co. who was accused of overspending on an office renovation as the broker teetered, ...

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Lehman Brothers' Warnings Were Ignored, Confidential Memo Shows

bloomberg.com | Bob Ivry, Christine Harper and Mark Pittman | Posted 05.25.2011

Read More: Bloomberg, Henry Paulson, John Thain, Confidential Memo, Lehman Brothers, Tim Geithner, Massive Global Wealth Destruction, Business News

Sept. 8 (Bloomberg) -- The warning was ominous: "Massive global wealth destruction." That's what Lehman Brothers Holdings Inc. executives predicted...

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The Fall of the Flimflam: What Every Executive Can Learn from BofA's Sleight of Hand

Jonathan Littman | Posted 05.25.2011

Read More: Bank of America, I Hate People, John Thain, Jonathan Littman, Kew Lewis, Bofa, Flimflam, Judge Jed S. Rakoff, Business News

Judge Jed S. Rakoff of New York is my idea of a true American hero. This week he had the guts to ridicule the sham $33 million settlement put forth by the SEC and Bank of America execs.

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Hank Paulson Rewrites History Before Congress

David Fiderer | Posted 05.25.2011

Read More: Merrill Lynch, John Thain, Hank Paulson, Lehman Brothers, Ken Lewis, Tim Geithner, Merrill Lynch Bank of America, Bank of America, Federal Reserve, Financial Crisis, Henry Paulson, Timothy Geithner, Barclays, Business News

The fallout of Paulson's two disastrous decisions (to let Lehman fail and reverse his position on foreclosure relief) prompted the former Treasury Secretary to abuse his powers, with some not-so-veiled threats.

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Bernie Madoff, Scapegoat

Michael Moore | Posted 05.25.2011

Instead of putting those responsible for the financial crisis in jail, why did we give them huge sums of our hard-earned tax dollars. Bernard Madoff is nothing more than the scab on the wound.

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