Businessman

John Thain Net Worth

John Thain Net Worth is
$1 Billion



John Thain Biography

$1 Billion: John Alexander Thain (born May 26, 1955) can be an American businessman, expenditure banker, and currently chairman and CEO of the CIT Group.Thain was the last chairman and ceo of Merrill Lynch before its merger with Lender of America. He was specified to be president of global banking, securities, and wealth administration at the recently combined firm, but resigned on January 22, 2009. Ken Lewis, CEO of Lender of America, reportedly forced Thain to stage down after many controversies, like the losses at Merrill Lynch which became far bigger than previously estimated, and the award of large executive bonus deals.Thain was created in Antioch, Illinois. His dad, Alan, was a health care provider on the town’s redbrick Primary Street who provides since handed his practice to Thain’s two brothers, Dennis and Robert, both general practitioners. He gained a bachelor’s degree in electric engineering from MIT in 1977 and an MBA from Harvard Business College in 1979. While going to MIT, Thain became a member of the Delta Upsilon fraternity. He’s active in social function and offered as gala co-seat for a Publicolor event in New york that honored Rick Segal, Publicolor’s former board seat. Thain and his wife have got two daughters and two sons.Thain’s real estate of 25 acres (100,000 m2) in NY state spans 3 townships, Rye, Harrison, and Rye Brook. Thain includes a home on North Captiva Island in the west Florida. John Thain Net Value: John Thain can be an American investment banker, business executive and currently chairman and CEO of the CIT Group who includes a net worthy of of $100 million dollars. John Thain was created on, may 26, 1955 in Antioch, Illinois. He gained a bachelor’s degree in electric engineering from MIT in 1977, where he was an associate of Delta Upsilon fraternity; and an MBA from Harvard Business College in 1979. Thain was the last chairman and ceo of Merrill Lynch before its merger with Lender of America. Thain organized the sale of Merrill to Lender of America at $29 per share, a 70 percent superior over the marketplace price. The offer valued the brokerage at $50 billion. He was designated to be president of global banking, securities, and wealth administration at the recently combined firm, but resigned on January 22, 2009 in the wake of many controversies, specifically the large executive bonuses paid at the elevation of the banking crisis. Before Merrill Lynch, he was the CEO of the brand new York STOCK MARKET from January 2004 to December 2007. He also proved helpful at Goldman Sachs, as mind of its home loan securities division from 1985 to 1990, and president and co-chief working officer from 1999 to 2004. On the night time of February 7, 2010, CIT Group announced that it had been hiring Thain to displace interim CEO Peter Tobin instantly. Currently serving simply because the principle Executive Officer and Chairman of CIT Group, John Thain can be an American investment banker and businessman with around net worth of $1 billion


Known for movies



Quick Facts

Full NameJohn Thain
Net Worth$1 billion
Date Of BirthMay 26, 1955
ProfessionBusinessperson
EducationHarvard Business School, Massachusetts Institute of Technology, Harvard University
NationalityAmerican
SpouseCarmen Thain
ChildrenAlex Thain, Victoria Thain, Nicole Thain


Interesting Facts

#Fact
1Former Merrill Lynch Chairman and CEO.
2CIT Group Chairman and CEO.


Filmography

Self

TitleYearStatusCharacter
Frontline2009TV Series documentaryHimself - CEO, Merrill Lynch
Source
IMDB

Celebrity Net Worth

Leave a Reply

Your email address will not be published. Required fields are marked *

Close