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: SECLaw.com

Merrill Names NYSE Chief Thain As New CEO

By Mark H. Astarita, Esq.

Reuters is gushing - "Merrill Lynch & Co Inc on Wednesday named NYSE Euronext Chief Executive John Thain as its new CEO, bringing in an outsider with a Goldman Sachs pedigree to repair an image battered by wrong-way bets on subprime mortgages."Uhh, how about "...bringing an NYSE insider fresh off a win of civil insider trading charges involving the NYSE..."It's like politics and Hollywood. Isn't there any new talent anywhere, or is Jean Smart the only blond actress over 40?

Full post as published by SECLaw.com on November 14, 2007 (boomark / email).

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