BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

Thains Elegant Exit

Market Movers

by Felix Salmon
Main
Lehman: The Media Meltdown   Extra Credit, Sunday Edition

Recent Blog Posts

Links

Sep 14 2008 10:39pm EDT

Thain's Elegant Exit

The difference between Dick Fuld and John Thain is that Thain knows when to let go:

It could not be determined if Mr. Thain will play a role in the new company, but two people briefed on the negotiations said they did not expect him to stay.

Fuld was always very proud of the fact that if you pricked him, he would bleed green -- but that turned out to be his, and his firm's, undoing. Thain has kept Merrill alive by keeping his ego in check and being willing to go quietly. Don't expect him to remain unemployed for long: someone that sensible is hugely valuable in the overheated world of Wall Street egos.

. □

blog comments powered by Disqus
Real Business, Real Results
Out of the 'Family'

Did anyone at Microsoft ever watch the (gasp!) offensively funny show Family Guy?

Cruz Missile Lands

Ex-Morgan Stanley exec Zoe Cruz is now heading her own hedge fund. Are Wall Street's leaders done?

Scandal Chic

Martha, Bernie and Skilling know that what you wear for court can go a long way in public perception.

spotlight on

Health Care

Bad to the Bone No More

Companies such as General Mills say they're stepping up efforts to change employees' bad behavior and promote healthier lifestyles. Read More