Age, Biography and Wiki
| Who is it? | Businessperson |
| Birth Day | May 26, 1955 |
| Birth Place | United States |
| John Thain age | 68 YEARS OLD |
| Birth Sign | Gemini |
| Net Worth: | $100 Million |
| Gender: | Male |
Net worth: $100 Million (2024)
John Thain, the renowned businessperson in the United States, is estimated to have a net worth of $100 million by the year 2024. With a remarkable career in finance and business, Thain has been recognized for his contributions and leadership in various successful companies. Throughout his impressive journey, he has amassed a significant fortune, which speaks volumes about his expertise and achievements in the corporate world. As his net worth continues to grow, John Thain remains a prominent figure in the business realm, demonstrating his unwavering dedication and entrepreneurial spirit.
He earned a bachelor's degree in electrical engineering from MIT in 1977, where he was a member of Delta Upsilon fraternity; and an MBA from Harvard Business School in 1979. Thain was the last chairman and chief executive officer of Merrill Lynch before its merger with Bank of America. 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.
He was designated to become president of global banking, securities, and wealth management at the newly combined company, but resigned on January 22, 2009 in the wake of several controversies, specifically the huge executive bonuses paid out at the height of the banking crisis. Before Merrill Lynch, he was the CEO of the New York Stock Exchange from January 2004 to December 2007.
He also worked at Goldman Sachs, as head of its mortgage securities division from 1985 to 1990, and president and co-chief operating officer from 1999 to 2004. On the evening of February 7, 2010, CIT Group announced that it was hiring Thain to replace interim CEO Peter Tobin immediately.
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