NEW YORK (Reuters) - CIT Group Inc <CIT.N> has hired former Merrill Lynch CEO John Thain as its new chief executive, the commercial lender said late on Sunday, wagering that the well-traveled executive can guide its post-bankruptcy turnaround. Thain, 54, immediately replaces interim CEO Peter Tobin, who will remain a director. Former CIT chief Jeff Peek, another past Merrill executive, retired on January 15. CIT said Thain was hired partly for the expertise he gained restructuring the New...Read Full Story
It's official: Former Merrill Lynch CEO, John Thain, the man once credited with "revolutionizing" the New York Stock Exchange and Goldman Sachs, is the new most-hated man on Wall Street. Across the board this week, coverage of his $1.2 million office redecoration and his subsequent forced resignation was infused with disgust. In review, briefly: "Mr. Thain's behind-scenes-lobbying for his own bonus turned into a public embarrassment. Most Wall Street chief executives, under fire for big...Read Full Story
Six of the 10 best-paid CEOs in 2007 in The Associated Press survey of Standard & Poor's 500 companies made less money last year. Two left their posts altogether. One saw their compensation rise. Here's a rundown of how they fared. CEOs are listed with the companies they headed in 2007. ___ 1. Larry Ellison, Oracle Corp. _ 2008 (fiscal year) pay: $84.6 million. _ Status: Still CEO. The software magnate's fiscal 2008 pay included $71 million in stock and options, a $10.7 million cash...Read Full Story
CIT Group Inc. on Friday named a new chief financial officer and corporate controller, completing the leadership team John Thain has put in place since taking the helm of the business lender in February. Scott T. Parker, 43, becomes executive vice president, chief financial officer. He was previously chief operating officer and chief financial officer of an affiliate of private equity firm Cerberus Capital Management LP. Carol Hayles, 49, becomes controller. She was previously deputy...Read Full Story
CIT Group has chosen former Merrill Lynch CEO John Thain to lead the company as chairman and CEO as the commercial lender continues to restructure its business following a brief stay in bankruptcy protection last year. CIT Group Inc., one of the nation's largest lenders to small and mid-sized businesses, says Thain will take the helm immediately. He replaces acting interim CEO Peter J. Tobin, who will remain on CIT's board. Thain served as chairman and CEO of Merrill Lynch until its sale to...Read Full Story
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Protective Life Corporation (“Protective”) (NYSE:PL) will participate in the Bank of America Merrill Lynch upcoming Insurance Conference in New York City on Thursday, February 16, 2012. John D. Johns, Protective’s Chairman, President and Chief Executive Officer, will discuss the Company’s results and strategic direction beginning at 12:35 p.m. Eastern time that day. A live webcast of the presentation will be...
U.S. Prudential , the No.2 U.S. life insurer, has hired Bank of America Merrill Lynch , to advise on its possible bid for ING's Asian insurance operations, a South Korean media report said on Monday.
Prudential Financial Inc , the No.2 U.S. life insurer, has hired Bank of America Merrill Lynch to advise on its possible bid for ING Groep NV’s Asian insurance operations, South Korean media reported, in what is potentially Asia’s second-biggest insurance …
PHILADELPHIA, Feb. 8, 2012 /PRNewswire/ -- Dennis Glass, president and chief executive officer, of Lincoln Financial Group, will present at Bank of America Merrill Lynch's Insurance Conference on Wednesday, February 15, 2012 at approximately 9 ...
Aflac Incorporated to Present at the Bank of America Merrill Lynch 2012 ...Sacramento Bee9, 2012 -- /PRNewswire/ -- Aflac Incorporated (NYSE: AFL) announced today that it will make a presentation at the Bank of America Merrill Lynch 2012 Insurance Conference. Aflac Incorporated Chairman and Chief Executive Officer Daniel P. Amos will ...Prudential Financial, Inc. to Participate in the Bank of America Merrill Lynch ...MarketWatch (press release...
ITASCA, Ill., Feb. 9, 2012 /PRNewswire/ -- J. Patrick Gallagher, Jr., Chairman, President and CEO of Arthur J. Gallagher & Co. (NYSE: AJG - News), will speak at the annual Bank of America Merrill Lynch Insurance Conference in New York on ...
John Beirne Jr. and three other Merrill Lynch financial advisers operating as the Beirne Wealth Management Group in Milford, Conn., opened up shop as an RIA firm last Monday. Three support staff members also are joining the team, which manages ...
John Alexander Thain (born May 26, 1955) is the current chairman and chief executive officer of Merrill Lynch. The Associated Press identified him as the best-paid CEO in 2007 ...
Alberto Cribiore, Merrill Lynch's interim non-executive chairman and chairman of the company's search committee, commented, "John Thain is the right person to become the new ...
NEW YORK, Sept 15 (Reuters) - John Thain, head of Merrill Lynch & Co Inc (MER.N: Quote , Profile , Research , Stock Buzz ) for less than a year, could collect a payout worth at least $9.7 million