John Alexander Thain (born May 26, 1955) is the current president of global banking, securities, and wealth management at Bank of America. He was also the last chairman and chief executive officer of Merrill Lynch before its acquisition by Bank of America for $50 billion. The Associated Press identified him as the best-paid CEO in 2007, among S&P 500 companies.
Thain will be president of Global Banking, Securities and Wealth Management, a new division of Bank of America that will include its corporate and investment bank and most of its wealth and investment-management business once the merger is completed.
Merrill Lynch announced that Mr. Thain will receive at least $50 million per year in compensation and could achieve as much as $120 million per year, depending on the company's stock price. Based on a formula by the Associated Press, in 2007 Thain was the best-paid CEO among the S&P 500 companies, receiving $83.1 million.
He serves as a governor at the New York-Presbyterian Foundation, Inc.
OPENING OF THE CARMEN AND JOHN THAIN CENTER FOR PRENATAL PEDIATRICS AT NEWYORK-PRESBYTERIAN/ COLUMBIA UNIVERSITY MEDICAL CENTER'S MORGAN STANLEY CHILDREN'S HOSPITAL AND SLOANE HOSPITAL FOR WOMEN WILL CHANGE HOW PRENATAL CARE IS RECEIVED ONE OF THE NATION'S TOP-RANKED MATERNAL-FETAL MEDICINE PROGRAMS FOR HIGH-RISK PREGNANCY AND PRENATAL DIAGNOSIS AND TREATMENT TO BE HOUSED IN NEW CENTER DEDICATED.
Sep 23, 2010; NEW YORK, NY -- The following information was released by NewYork-Presbyterian Hospital: Presbyterian Hospital/Columbia...