John Thain Net Worth is$300 Million
VN:F [1.9.22_1171]
deserves the money?
Rating: 1.0/5 (4 votes cast)
VN:F [1.9.22_1171]
Would you date ?
Rating: 1.0/5 (2 votes cast)
Profession: Businessperson, Chief Executive Officer
Date of Birth: May 26, 1955
Nicknames: John A Thain, John Alexander Thain
Country: United States of America
John Thain is a businessman and investment banker with a net worth of over $1 billion. John Thain has earned his net worth as CEO of the New York Stock Exchange, his positions at Goldman Sachs, Merrill Lynch and his current positions as CEO and Chairman for the CIT Group. He was born in Antioch, Illinois, U.S.
John Alexander Thain (born May 26, 1955) is an American businessman, investment banker, and currently chairman and CEO of the TIT Group.
Thain was the last chairman and chief executive officer of Merrill Lynch before its merger with Bank of America. He was designated to become president of global banking, securities, and wealth management at the newly combined company, but resigned on January 22, 2009. Ken Lewis, CEO of Bank of America, reportedly forced Thain to step down after several controversies, such as the losses at Merrill Lynch which proved to be far larger than previously estimated, and the award of huge executive bonuses.
Thain has been nicknamed "Superman", due to his facial resemblance to the character's alter-ego Clark Kent.
Before he came to Merrill, Thain had been the CEO of the New York Stock Exchange from January 2004 to December 2007. He also worked at Goldman Sachs, as head of the mortgage from 1985 to 1990, and president and co-chief operating officer from 1999 to 2004.
Thain reportedly was one of the runners-up to head Citigroup. Merrill Lynch and Citigroup sought new leaders following the sudden departure of their former CEOs after the disappointing performance in the third quarter of 2007 due to the subprime mortgage crisis.
Thain arranged the sale of Merrill to Bank of America at $29 per share, a 70 percent premium over the market price. The deal valued the brokerage at $50 billion. Thain was expected to be president of global banking, securities and wealth management, a new division at Bank of America, to oversee its corporate and investment bank and most of wealth management business.
In December 2003, interim chairman John Reed at the New York Stock Exchange told The Wall Street Journal that Thain would be paid "a plain vanilla number", about $4 million a year including bonus, with no "strange retirement" program like the one former NYSE CEO Dick Grasso was given.
Upon joining Merrill Lynch, Thain received a $15 milli

John Thain Net Worth, 1.0 out of 5 based on 4 ratings

John Thain Latest News

CIT's Thain Tackles Banking's Tough Questions in OneWest Deal

John Thain had a clear answer for every question analysts posed about CIT's deal for OneWest. His takes on SIFI regulations, the mortgage business and retail banking challenge the conventional wisdom of many bankers. To continue, please log in, register or ...
Posted: July 23, 2014, 12:20 pm

John Thain’s CIT just bought itself some intense regulatory scrutiny

Bring on the regulatory scrutiny. That’s the message that CIT Group’s CEO, John Thain, has sent to the US government. CIT Group just bought itself much closer oversight by US regulators as a result of its planned $3.4-billion merger with the parent ...
Posted: July 22, 2014, 7:43 am

Goldman chums return John Thain to semi-importance

The author is a Reuters Breakingviews columnist. The opinions expressed are his own. John Thain is returning to significance with a little help from some former Goldman Sachs colleagues. Thain has been doing penance running lending minnow CIT for the past ...
Posted: July 22, 2014, 3:12 pm
Related Topics:
Businessmen, Businessmen Income, Businessmen Net Worth, How Much Is John A Thain Income, How Much Is John A Thain Net Worth, How Much Is John A Thain Salary, How Much Is John Alexander Thain Income, How Much Is John Alexander Thain Net Worth, How Much Is John Alexander Thain Salary, How Much Is John Thain Income, How Much Is John Thain Net Worth, How Much Is John Thain Salary, How Much Is Richest Businessmen Income, How Much Is Richest Businessmen Net Worth, How Much Is Richest Businessmen Salary, How Much Is Richest Wall Street Income, How Much Is Richest Wall Street Net Worth, How Much Is Richest Wall Street Salary, How Much John A Thain Worth, How Much John Alexander Thain Worth, How Much John Thain Worth, How Much Richest Businessmen Worth, How Much Richest Wall Street Worth, John A Thain, John A Thain Age, John A Thain Background, John A Thain Bio, John A Thain Country, John A Thain Date Of Birth, John A Thain Ethnicity, John A Thain Height, John A Thain History, John A Thain Home Town, John A Thain Images, John A Thain Income, John A Thain Net Worth, John A Thain News, John A Thain Partner, John A Thain Place Of Birth, John A Thain Profession, John A Thain Salary, John A Thain Story, John A Thain Talent, John A Thain Videos, John A Thain Weight, John Alexander Thain, John Alexander Thain Age, John Alexander Thain Background, John Alexander Thain Bio, John Alexander Thain Country, John Alexander Thain Date Of Birth, John Alexander Thain Ethnicity, John Alexander Thain Height, John Alexander Thain History, John Alexander Thain Home Town, John Alexander Thain Images, John Alexander Thain Income, John Alexander Thain Net Worth, John Alexander Thain News, John Alexander Thain Partner, John Alexander Thain Place Of Birth, John Alexander Thain Profession, John Alexander Thain Salary, John Alexander Thain Story, John Alexander Thain Talent, John Alexander Thain Videos, John Alexander Thain Weight, John Thain, John Thain 740 Park Avenue, John Thain Age, John Thain Apartment, John Thain Background, John Thain Bathroom, John Thain Bio, John Thain Biography, John Thain Catholic, John Thain Children, John Thain Cit, John Thain Cit Group, John Thain Commode, John Thain Compensation, John Thain Country, John Thain Date Of Birth, John Thain Daughter, John Thain Ethnicity, John Thain Frontline Breaking The Bank, John Thain Golden Toilet, John Thain Height, John Thain History, John Thain Home Town, John Thain House, John Thain Images, John Thain Income, John Thain Jewish, John Thain Money, John Thain Net Worth, John Thain Net Worth Forbes, John Thain News, John Thain North Captiva, John Thain Office, John Thain Office Renovation, John Thain Partner, John Thain Place Of Birth, John Thain Profession, John Thain Salary, John Thain Story, John Thain Talent, John Thain Teeth, John Thain Toilet, John Thain Too Big To Fail, John Thain Videos, John Thain Weight, John Thain Wife, Jon Thain Frontline Breaking The Bank, Richest Businessmen Age, Richest Businessmen Background, Richest Businessmen Bio, Richest Businessmen Country, Richest Businessmen Date Of Birth, Richest Businessmen Ethnicity, Richest Businessmen Height, Richest Businessmen History, Richest Businessmen Home Town, Richest Businessmen Images, Richest Businessmen Income, Richest Businessmen Net Worth, Richest Businessmen News, Richest Businessmen Partner, Richest Businessmen Place Of Birth, Richest Businessmen Profession, Richest Businessmen Salary, Richest Businessmen Story, Richest Businessmen Talent, Richest Businessmen Videos, Richest Businessmen Weight, Richest Wall Street, Richest Wall Street Age, Richest Wall Street Background, Richest Wall Street Bio, Richest Wall Street Country, Richest Wall Street Date Of Birth, Richest Wall Street Ethnicity, Richest Wall Street Height, Richest Wall Street History, Richest Wall Street Home Town, Richest Wall Street Images, Richest Wall Street Income, Richest Wall Street Net Worth, Richest Wall Street News, Richest Wall Street Partner, Richest Wall Street Place Of Birth, Richest Wall Street Profession, Richest Wall Street Salary, Richest Wall Street Story, Richest Wall Street Talent, Richest Wall Street Videos, Richest Wall Street Weight, Wall Street, Wall Street Income, Wall Street Net Worth, Who Is John A Thain, Who Is John Alexander Thain, Who Is John Thain, Who Is Richest Businessmen, Who Is Richest Wall Street,