Thain’s period is actually quick, even when. Months shortly after Merrill’s marketing so you can BofA signed into , he retired out-of below an affect, upended by the revelations off a million-dollars workplace restoration, in addition to billions paid out inside the eleventh-hours bonuses to Merrill group. At exactly the same time, Merrill’s losings with the fourth quarter out-of 2008 had have rather greater than expected.
Even though Thain’s reputation got a beating, the guy was able to recover. CIT rented him once the President in 2010. Last fall, he inserted Uber’s panel following deviation out-of maker and you will President Travis Kalanick.
Richard “Dick” Fuld
Immediately after nicknamed “the new gorilla off Wall Highway,” former Lehman Brothers President Manhood Fuld got the fresh longest-tenured leader toward Wall surface Roadway in the event that drama strike.