November 14, 2007

Merrill names NYSE chief Thain as new CEO (Reuters)

NYSE Euronext Chief Executive John Thain poses for a portrait at the Reuters Exchanges and Trading Summit in New York, May 8, 2007. Merrill Lynch is expected to announce that Thain as its next chief executive, The New York Post reported on its Web site on Wednesday. (Eric Thayer/Reuters)Reuters – Merrill Lynch & Co Inc on
Wednesday named NYSE Euronext Chief Executive John
Thain as its new CEO, a move that acknowledges it needed an
outsider with a Goldman Sachs pedigree to repair an image
battered by wrong-way bets on subprime mortgages.

Filed under Real Estate Blog, Real Estate Business by Yahoo! News: Business - Real Estate

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