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Thain Ousted in Clash at Bank of America.

Authors :
Fitpatrick, Dan
Craig, Susanne
Mollenkamp, Carrick
Sidel, Robin
Source :
Wall Street Journal - Eastern Edition. 1/23/2009, Vol. 253 Issue 18, pA1-A2. 2p. 1 Color Photograph, 3 Black and White Photographs, 1 Graph.
Publication Year :
2009

Abstract

The article reports that John Thain has resigned from Bank of America (BOA) Corp. Thain was previously chief executive of Merrill Lynch & Co., which BOA purchased in late 2008. Tension existed between Thain and BOA chief executive Ken Lewis over several issues including unexpectedly large losses at Merrill for the fourth quarter of 2008.

Subjects

Subjects :
*EXECUTIVES

Details

Language :
English
ISSN :
00999660
Volume :
253
Issue :
18
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
36188517