He negotiated Merrill's rush sale to Bank of America in September 2008. He now is CEO of lender CIT Group in New York. Thain was slammed by former Federal Deposit Insurance Corp. Chairwoman Sheila Bair, who wrote that his primary concern during the government's bank bailout talks in October 2008 was about restrictions on executive compensation.
Richard Drew / Associated Press
Copyright © 2018, Los Angeles Times