{"id":294528,"date":"2010-02-08T11:59:34","date_gmt":"2010-02-08T16:59:34","guid":{"rendered":"tag:consumerist.com,2010:\/\/1.10001509"},"modified":"2010-02-08T11:55:06","modified_gmt":"2010-02-08T16:55:06","slug":"ex-merrill-lynch-boss-john-thain-is-a-ceo-again","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/294528","title":{"rendered":"Ex-Merrill Lynch Boss John Thain Is A CEO Again"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/consumerist.com\/assets_c\/2010\/02\/2-8-2010%2011-42-25%20AM-thumb-250x209-36765.jpg\">         <\/p>\n<p>After successfully<a href=\"http:\/\/consumerist.com\/2009\/09\/ex-merrill-lynch-ceo-whoops-i-should-have-gone-to-ikea.html\"> redecorating his office<\/a>, merging <a href=\"http:\/\/consumerist.com\/2009\/02\/merrill-lynch-ceo-nothing-happened-in-the-world-or-the-economy-that-would-justify-suspending-bonuses.html\">Merrill Lynch with Bank of America<\/a>, and then getting fired &#8212; John Thain is once again a CEO. This time he&#8217;ll be heading up a recently-bankrupt commercial and consumer finance company, CIT.<\/p>\n<blockquote><p>This is a very interesting company to me,&#8221; Mr. Thain added. &#8220;CIT&#8217;s primary business is lending to small and midsize companies, and if the U.S. economy is going to continue to improve, this is where we need to focus.&#8221;<\/p>\n<p>He will be paid a $500,000 salary and receive restricted shares that, if available for sale today, would have a value of $5.5 million. <\/p><\/blockquote>\n<p> Meanwhile, the <a href=\"http:\/\/consumerist.com\/2010\/02\/oh-snap-ny-ag-sues-ex-bank-of-america-ceo-for-fraud.html\">NY AG is suing Thain&#8217;s merger buddy, Ken Lewis, for fraud. <\/a><\/p>\n<p>We wonder if Mr. Thain really will <a href=\"http:\/\/consumerist.com\/2009\/09\/ex-merrill-lynch-ceo-whoops-i-should-have-gone-to-ikea.html\">go to IKEA this time.<\/a><\/p>\n<p><a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748704197104575051620000509234.html?mod=rss_Today%27s_Most_Popular\">Merrill&#8217;s Ex-Chief Is Back, Atop CIT <\/a> [WSJ]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After successfully redecorating his office, merging Merrill Lynch with Bank of America, and then getting fired &#8212; John Thain is once again a CEO. This time he&#8217;ll be heading up a recently-bankrupt commercial and consumer finance company, CIT. This is a very interesting company to me,&#8221; Mr. Thain added. &#8220;CIT&#8217;s primary business is lending to [&hellip;]<\/p>\n","protected":false},"author":4513,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-294528","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/294528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4513"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=294528"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/294528\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=294528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=294528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=294528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}