Advertisement
YOU ARE HERE: LAT HomeCollectionsJohn A Thain
IN THE NEWS

John A Thain

FEATURED ARTICLES
BUSINESS
December 19, 2003 | Walter Hamilton, Times Staff Writer
The New York Stock Exchange picked John A. Thain, the president of investment banking powerhouse Goldman Sachs Group Inc., as its chief executive Thursday, entrusting an industry insider with the job of rehabilitating the exchange's fractured image. Thain will assume the CEO post Jan. 15, taking the helm at what may be the most pivotal time in the history of the 211-year-old exchange. Unlike Richard Grasso, who resigned after the disclosure of his $187.
ARTICLES BY DATE
BUSINESS
December 19, 2003 | Walter Hamilton, Times Staff Writer
The New York Stock Exchange picked John A. Thain, the president of investment banking powerhouse Goldman Sachs Group Inc., as its chief executive Thursday, entrusting an industry insider with the job of rehabilitating the exchange's fractured image. Thain will assume the CEO post Jan. 15, taking the helm at what may be the most pivotal time in the history of the 211-year-old exchange. Unlike Richard Grasso, who resigned after the disclosure of his $187.
Advertisement
BUSINESS
February 24, 2004 | From Bloomberg News
New York Stock Exchange Chief Executive John A. Thain said Monday that the Big Board expected former Chairman Richard Grasso to return a "very substantial" part of his multimillion-dollar pay package. Thain also said in an interview that he was trying to restore investor confidence in the NYSE by removing some limits on electronic trading and listening to listed companies that have complained about flaws in the trading of their stocks.
BUSINESS
July 22, 2004 | From Reuters
The New York Stock Exchange expects to file a plan with regulators to expand its electronic trading platform, Direct+, within a few weeks, NYSE Chief Executive John A. Thain told Congress on Wednesday. The NYSE has been under pressure to flesh out a brief proposal it submitted in February to the Securities and Exchange Commission, which is considering ways to update America's aging national stock market system.
BUSINESS
March 12, 2004 | From Reuters
The New York Stock Exchange on Thursday said it would for the first time allow ordinary stock investors to nominate directors, in a bid to improve how the exchange is governed. The NYSE said nominated candidates must be independent from NYSE members, member firms, listed companies and exchange management, and must have the experience to gain a basic understanding of the exchange's functions and goals.
BUSINESS
January 31, 2004 | From Bloomberg News
New York Stock Exchange Chief Executive John A. Thain plans to remove limits on trades made electronically to appease institutional investors and attract more business to the world's biggest equity market, people familiar with the plans said Friday. Thain, the former Goldman Sachs Group Inc. president who moved to the exchange two weeks ago, has proposed letting orders bypass floor brokers and be automatically executed at the best size and price available at any time.
BUSINESS
April 22, 2004 | From Bloomberg News
New York Stock Exchange Chief Executive John A. Thain on Wednesday outlined a plan to quell critics of floor-based trading and preserve the NYSE's dominance by meshing electronic and open outcry systems. "We intend to run a hybrid," Thain testified at a New York hearing on proposed regulatory changes hosted by Securities and Exchange Commission Chairman William H. Donaldson. "We still want to keep the benefits of the auction market."
BUSINESS
December 23, 2003 | Thomas S. Mulligan
The newly revamped New York Stock Exchange board of directors will deliberate next month on whether to sue ousted former Chairman Richard Grasso, NYSE interim Chairman John Reed said. Reed, in an interview with the New York Times published Sunday, said the board would review an internal investigative report to help determine whether Grasso or other former directors violated their duties as board members during the process that led to the approval of employment contracts that resulted in a $139.
BUSINESS
December 19, 2003 | E. Scott Reckard, Times Staff Writer
For a Wall Street technocrat with a reputation for keeping a low profile, John A. Thain has a renegade streak. The Goldman Sachs Group Inc. president, named chief executive of the New York Stock Exchange on Thursday, startled colleagues last month by suggesting that some NYSE trades should be handled electronically rather than by human traders working for specialist firms. The specialist firms, the exchange's iconic floor traders, include Goldman's own Spear, Leeds & Kellogg.
NATIONAL
March 1, 2007 | Dan Morain, Times Staff Writer
Sen. John McCain (R-Ariz.) unveiled a presidential campaign finance committee Wednesday dominated by Californians and New Yorkers, including some of the biggest donors to Gov. Arnold Schwarzenegger and President Bush. McCain's 13 national finance committee co-chairmen include five Californians: Orange County billionaire Donald Bren; investor George Argyros; Univision Chairman A. Jerrold Perenchio; Cisco Systems Chief Executive John Chambers; and San Francisco venture capitalist J. Gary Shansby.
BUSINESS
October 3, 2008 | From Bloomberg News
John A. Thain, who engineered the sale of Merrill Lynch & Co. to Bank of America Corp., was picked to oversee corporate and investment banking and wealth management at the combined firm, marking him as a potential successor to Chief Executive Kenneth D. Lewis. Thain, 53, will lead units that contributed 35% of Charlotte, N.C.-based Bank of America's $37.3 billion in revenue for the first half of 2008. Merrill Lynch, where Thain had been chief executive since December, generated $18.
Los Angeles Times Articles
|