John A. Thain AKA John Alexander Thain Born: 26-May-1955 Birthplace: Antioch, IL
Gender: Male Race or Ethnicity: White Sexual orientation: Straight Occupation: Business Party Affiliation: Republican Nationality: United States Executive summary: CEO of CIT Group As CEO of Merrill Lynch, he oversaw the company's demise and arranged its sale to Bank of America in 2008. OK'd large bonuses for Merrill Lynch execs despite the company's fatal losses, and took $83,785,021 in personal pay and bonuses in 2007. Also drew derision for spending $1.22M to redecorate his office suite while the company floundered.
Hired as CEO and Chairman of CIT Group in February 2010, shortly after the lender emerged from Chapter 11 bankruptcy, at an announced pay of $6M per year in cash and stock. Wife: Carmen (four children)
University: BS Electrical Engineering, Massachusetts Institute of Technology (1977) University: MBA, Harvard Business School (1979) Administrator: Trustee, Howard University Administrator: Trustee, MIT Corporation
CIT Group CEO (2010-)
Merrill Lynch CEO (2007-09)
New York Stock Exchange CEO (2004-07)
Goldman Sachs President and COO (1999-2003)
Goldman Sachs Co-CEO Europe (1995-97)
Goldman Sachs CFO and GM Technology and Finance (1994-99)
Goldman Sachs (1979-94)
Member of the Board of BlackRock (2008-)
Member of the Board of CIT Group (2010-)
Member of the Board of Goldman Sachs (1998-2003)
Member of the Board of Merrill Lynch (2007-09)
Member of the Board of New York Stock Exchange (2005-)
Federal Reserve Bank of New York International Capital Markets Advisory Committee
Americans for a Republican Majority Bush-Cheney '04 Defend America PAC Democratic Senatorial Campaign Committee Ensign for Senate Financial Stability Forum Advisory Council
The Freedom Project French-American Foundation Friends of Senator D'Amato 1998 Committee John McCain 2008 Leadership PAC 2006 McCain 2000 McCain for Senate '98 National Republican Congressional Committee National Republican Senatorial Committee New York Presbyterian Hospital Board of Governors Partnership for New York City Board of Directors Romney Victory Inc. Straight Talk America Trilateral Commission Urban League Volunteer PAC Delta Upsilon Fraternity
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