John Thain Merrill Lynch Bio Wiki Age Height Wife House and Net Worth

John Thain is a well-known American financial executive and investment banker. He was president and co-COO of Goldman Sachs and also CEO of the New York Stock Exchange. He was the last chairman and CEO of Merrill Lynch & Co. before its merger with Bank of America. In addition, he serves as a board member of Uber, appointed by former Uber CEO Travis Kalanick in September 2017, and is a Member of the Supervisory Board of Deutsche Bank AG.

He was born in Antioch, Illinois, in theUnited Stateson May 26, 1955. Thain is68 years oldand celebrates his birthday every year on May 26.

He is a man of average stature. Thain stands at a height of5 ft 8 in( approx. 1.73m ).

He was born in Antioch, Illinois, in the United States to his devoted parents. Thain holds American nationality. His parents areAlanwho was a doctor. His father handed his practice on to Thain’s two brothers,DennisandRobert, both of who are general practitioners.

He is married to his wifeCarmen Thain. The couple are parents of two daughters and two sons includingNicole Thain, Alex Thain,and VictoriaThain. He has property of 25 acres (10 ha) in New York State and spans three townships, Rye, Harrison, and Rye Brook.

Upon graduating with his high school diploma, he enrolled at the Massachusetts Institute of Technology (MIT) where he joined the Delta Upsilon fraternity. He graduated with his bachelor’s degree in electrical engineering in 1977 and a master’s degree from Harvard Business School in 1979.

He was the last chairman and CEO of Merrill Lynch & Co. before its merger with Bank of America. The CFO of the New York Stock Exchange Nelson Chai under Thain, followed his mentor to Merrill Lynch and assumed the same role as CFO. When he joined Merrill Lynch, Thain received a $15 million signing bonus. Moreover, on January 22, 2009, it was revealed that Thain spent $1.22 million of corporate funds in early 2008 to renovate two conference rooms. In addition, he resigned on January 22, 2009.

He has property 25 acres (10 ha) in New York State and spans three townships, Rye, Harrison, and Rye Brook. He also has a house on North Captiva Island in southwest Florida. In 2018, his apartment at 740 Park Avenue was listed for sale for $39.5 Million.

Thain spent $1.22 million of corporate funds in early 2008 to renovate two conference rooms. He spent $131,000 on rugs, $68,000 on antique credenza, $87,000 for guest chairs, $35,115 for a gold-plated commode on legs, and also $1,100 for a wastebasket.

President Obama referred to Thain on January 23, 2009, saying, “The reports that we’ve seen over the last couple of days about companies that have received taxpayer assistance than going out and renovating bathrooms or offices or in other ways not managing those dollars appropriately.”

Thain served as president and co-COO of Goldman Sachs from 1999 to 2004. He joined Goldman Sachs as head of its mortgage securities division from 1985 to 1990. Upon leaving Goldman Sachs, Thain served as CEO of the New York Stock Exchange from January 2004 to December 2007.

Currently, he serves as a board member of Uber, appointed by former Uber CEO Travis Kalanick on September 29, 2017. Uber is an American transportation conglomerate that provides taxi services where individuals can hail a taxi (Uber) in an app on their phones.

Thain served as the CEO of the New York Stock Exchange from January 2004 to December 2007. The interim chairman John Reed said that he would be paid “a plain vanilla number”, about $4 million a year including bonuses in December 2003. Currently, he works as a Member of the Board of Directors at Uber Technologies and as a Member of the Supervisory Board of Deutsche Bank AG.

Other people working at Nyse include:

Sharon Bowen– Chair of the Board of Directors.

Stacey Cunningham– Board Member

Lynn Martin– 68th President

Peter Tuchman –Stock Trader

Thain is a 68-year-old American financial executive and investment banker who has served as CEO of several companies. From his success, he has earned a net worth of$100 Million.

Currently, he works as a Member of the Board of Directors at Uber Technologies and as a Member of the Supervisory Board of Deutsche Bank AG. Before, he was president and co-COO of Goldman Sachs and also CEO of the New York Stock Exchange.

He was appointed as CEO from December 1, 2007, to January 1, 2009. Thain replaced Stan O’Neal and before, he was CEO of NYSE Euronext from June 2006 to December 2007.

Thain is 68 years old born in Antioch, Illinois, in the United States on May 26, 1955.