Business

John A. Thain - new part of Merrill Lynch and Co.
by Jana Kokavcova

John Tained received the top job in one of the well-known firms Merrill lynch and Co. But who is this man? Let's talk about this rich and in some society famous man. John Thain was born on 26 of May in Antioch in state Illinois. Previously he was Chief Operating Officer of Goldman Sachs, CEO of the New York Stock Exchange. Thain earned a bachelor degree in Electrical Engineering from MIT in 1977 and an MBA from Harvard Business School in 1979. John Thain is now current CEO of Merryll Lynch and Co. It will be a big step for this firm. About this great position were told with names like Willumstad, Paulson, Kovachevich,… So John A. Thain was not the only one candidate. But he agrees and now this 52-year old man is the first CEO in Merrill's 93-year history that has nothing to do with the world's largest brokerage. But yesterday he promised to join 64,200 employee securities firm. "Merrill is an opportunity to ``restore a sense of pride'' and ``morale'' that made it the most famous icon on Wall Street."said John A. Thain. Everyone wait what will happen in Merrill Lynch and Co. these days and what will Thain change. If he will does such big sensation in this firm too. It is possible, because a lot of his former co-workers are his admirers now.

related story: http://www.boston.com/business/globe/articles/2007/11/15/nyses_john_thain_to_lead_ailing_merrill_lynch/

by Jana Kokavcova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

posted by Blog TechSource @ 2:04 PM