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Merrill's Thain Out At Bank Of America

by Jim Zarroli, NPR
January 22, 2009

John Thain is out at Bank of America. Thain was CEO at Merrill Lynch last fall when it came under great pressure from nervous investors. Over 48 hours, he brokered an emergency deal with Bank of America that kept Merrill from being forced into bankruptcy.

Broadcast Dates

  • All Things Considered, January 22, 2009
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