No Thain, No Gain

Fisher, Daniel
April 2008
Forbes Asia;4/7/2008, Vol. 4 Issue 6, p28
The article analyzes the capability of John Thain to address the problems of Merrill Lynch. Thain was able to save the New York Stock Exchange (NYSE) during a front-running scandal and the ouster of its chief executive. Merrill Lynch is facing similar troubles but was in far worse shape and even posted an $8 billion after-tax loss in 2007. The actions taken by Thain to save Merrill Lynch are highlighted.


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