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John A. Thain

John A. ThainAKA 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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