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John Thain

A Big Test for Janet Yellen: Stop the OneWest-CIT Merger

Peter Dreier | Posted 06.19.2016 | Politics
Peter Dreier

A coalition of California community groups and a local legal aid agency have come up with a novel way to hold a major LA area bank accountable for the devastation it has caused Southern California communities as a result of its risky and predatory practices.

Money Can't Buy Votes

Leo W. Gerard | Posted 04.26.2014 | Politics
Leo W. Gerard

Right-wing billionaires threw a hissy fit in recent weeks. The 99 percent are persecuting them, the wealthy ones whined. That whole Occupy Wall Street thing hurt their feelings, conservative 1 percenters pouted.

How Connective Leaders Succeed and Lead Satisfying Lives

Kare Anderson | Posted 03.08.2014 | Good News
Kare Anderson

Story: In the popular TV show, Undercover Boss, employees believe they are training a job applicant that may be hired, yet they are actually teaching ...

Poisonous Million Dollar Pay Packages

Leo W. Gerard | Posted 01.23.2014 | Business
Leo W. Gerard

American CEOs and boards of directors should take note. The income inequality they've fostered with outsized CEO pay packages and paltry wages for workers is creating an American royal class served by serfs.

Will R-I-C-O Spell 'Relief' for BofA Mortgage Borrowers?

Joel Sucher | Posted 12.16.2012 | Business
Joel Sucher

Down the line, many hope that what Occupy has failed to accomplish, hard-nosed prosecutors might be able to provide: a measure of justice for the millions of aggrieved homeowners either forced out in foreclosure.

Romney Considers Giving Infamous Wall Street CEO Major Appointment

The Huffington Post | Bonnie Kavoussi | Posted 10.02.2012 | Business

Mitt Romney is considering appointing a man who oversaw the implosion of a major Wall Street firm and got himself a $35,000 toilet while doing it as T...

John Thain's Attempted Comeback

Charles Gasparino | Posted 11.28.2012 | Business
Charles Gasparino

Finally we have something to cheer Dodd Frank about. Yes, this Rube Goldberg regulation barely makes a dent in preventing Too Big To Fail banks from wreaking havoc on us again, but it's apparently saving the banking system from the likes of John Thain.

Why Poaching Star Employees Might Not Be The Best Idea

The Huffington Post | Khadeeja Safdar | Posted 04.03.2012 | Business

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

BofA Wants To Foreclose On BofA Building

South Florida Business Journal | Brian Bandell | Posted 07.27.2011 | Business

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 ...

HSBC Chairman: Capping Executive Pay Would Be 'Irresponsible'

Posted 07.27.2011 | Business

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

An Honest Bank Is Hard to Find

B. Jeffrey Madoff | Posted 05.29.2011 | Business
B. Jeffrey Madoff

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

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

DailyFinance | BRUCE WATSON | Posted 05.25.2011 | Business

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...

GOP Vilifies Workers Who Serve the Public

Fred Redmond | Posted 05.25.2011 | Business
Fred Redmond

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.

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

Linda Keenan | Posted 05.25.2011 | Business
Linda Keenan

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.

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 | Business

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...

More Apologies! Now!

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

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.

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

Posted 05.25.2011 | Business

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...

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

Posted 05.25.2011 | Business

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...

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

Posted 05.25.2011 | Business

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 -...

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

Bloomberg | Mark Fisher | Posted 05.25.2011 | Business

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...

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

Damien Hoffman | Posted 05.25.2011 | Business
Damien Hoffman

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 ...

Bank of America Emails Suggest Merrill Losses Were Known Of Before Shareholder Vote | Tomoeh Murakami Tse | Posted 05.25.2011 | Business

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

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

Posted 05.25.2011 | Business

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...

Thain: I Should Have Furnished My Office At Ikea

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

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

Ex-Merrill Chief: I Should Have Picked Ikea Over $1.2 Office Renovation | Posted 05.25.2011 | Business

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