A sad day for capitalism. Greed and envy has poisoned this country, including Piggs. Mr. Thain has accomplished so much in his career. And the common people decry him for some nice rugs in his office? Work harder people so you can get your own corner office.
It is people like him that built the bridges of money that allowed money to flow from stupid people to smart people like Thain and his smart friends. And he was brilliant enough to award bonuses to MER people before that commies at BOFA took over and stopped payments.
The people at MER work 70-80 hours a week to take money from stupid people and the jealous people of America wanted to deny them bonuses, which are used to pay millions in taxes for you lazy people. What incentive would they have to work??
Anybody would be proud to have just one one of these items on their resume.
Thain was a brilliant whiz kid who received his MIT degree at 22 and his Harvard MBA at 24. Mind you, they dont let stupid people anywhere on the MIT campus, unlike HBS who takes in C students.
He is a member of The MIT Corporation, the Dean’s Advisory Council – MIT/Sloan School of Management, INSEAD – U.S. National Advisory Board, the James Madison Council of the Library of Congress and the Federal Reserve Bank of New York’s International Capital Markets Advisory Committee. He is also a member of the French-American Foundation, and The Trilateral Commission, as well as a governor of the New York-Presbyterian Foundation, Inc., a trustee of New York-Presbyterian Hospital and a General Trustee of Howard University.
A former top executive at Goldman Sachs, Thain is considered to be an expert on technology systems and an astute manager of operations. When John A. Thain, was an executive at Goldman Sachs, he was successful enough in the firm to amass $300 million in stock.
Since taking over the N.Y.S.E. in January 2004, Thain has transformed the the world’s largest stock market. He inherited an institution still reeling from the scandal and ill will over the ouster of Richard Grasso as its chief executive. Thain led the exchange through its evolution from a clubby, not-for-profit organization to a publicly traded corporation. He engineered deals with Archipelago and with Euronext, which have made the New York exchange a more electronic, global platform for trading stocks and other products.
