People all across the country today now know who John Thain is. And they know that John Thain wants his money.
Here is John Thain, the ex-Goldman Sachs who eventually moved to the New York Stock Exchange and then to Merrill Lynch to restructure the brokerage firm to move to bigger and better things. Instead, he sold the damn firm!
Here is John Thain, who when he took over as the CEO of Merrill Lynch at the end of 2007, he received a $15 million signing bonus. At the time, shares of Merrill Lynch were priced at $50.
Today, Merrill Lynch is trading at $13 share, and is being taken over by Bank of America.
So now, here is that very same John Thain that now wants a $10 million bonus for himself and others at the firm for all of his hard work.
Clearly, John Thain wants to be a billionaire. Because, if he didn't, he wouldn't want these 10 and 15 billion dollar payments if he didn't aspire to bigger and better things. Just like he assured the brokers at Merrill Lynch.
