John Thain
John Thain | |
|---|---|
| Born | John Alexander Thain May 26, 1955 Antioch, Illinois, U.S. |
| Education | Massachusetts Institute of Technology (BS) Harvard University (MBA) |
| Occupation(s) | Financial executive, investment banker |
| Political party | Republican |
John Alexander Thain (born May 26, 1955) is an American financial executive and investment banker. He was president and co-COO of Goldman Sachs, and then CEO of the New York Stock Exchange. Thain then became the last chairman and CEO of Merrill Lynch & Co. 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 then was chairman and CEO of the CIT Group. He has been a board member of Uber since 2017.