Merrill bankers abandon hopes of Fink, rally to Thain with enthusiasm
Bankers at Merrill Lynch this week welcomed the appointment of John Thain, chief executive of the New York Stock Exchange, as the new chairman and chief executive of Merrill Lynch.
It is a remarkable upset that someone who came within a whisker of being the head of Goldman Sachs should now lead Merrill Lynch. Thain was president and chief operating officer of Goldman and had previously been both co-COO and CFO.
But inter-firm rivalry was set aside as Merrill
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