New York (CNN Business) Uber is being pressured to strengthen its board of directors before its blockbuster IPO by dumping former Merrill Lynch CEO John Thain. John Alexander Thain (born May 26, 1955) is an American businessman, investment banker, and former chair and CEO of the CIT Group.

John Thain doesn't need the money. Thain was the last chairman and chief executive officer of Merrill Lynch before its merger with Bank of America. The Grimmest Story You'll Hear Today about Wall Street Compensation, by Elliot Spritzer, September 27, 2012, They were here to take the measure of John Thain, CEO of the New York Stock Exchange, and Jean-François Theodore, head of Euronext, an agglomeration of European exchanges with which Thain … After serving in top executive roles at places like Goldman Sachs, the New York Stock Exchange and Merrill Lynch, John A. Thain is now ready to make another big move.He and his wife, Carmen M. Thain, are selling their duplex penthouse at the venerable 740 Park Avenue co-op building, at East 71st Street, which they had been using as a pied-à-terre for the last several years.The asking price is $39.5 million, according to the listing broker, John Burger of Brown Harris Stevens, with monthly maintenance of $19,215.“We love the apartment — it is wonderful and also irreplaceable — but we find that we’re just not spending any time there lately,” said Mr. Thain, who described himself as retired after stepping down in 2016 as chief executive and chairman of the CIT Group, the finance company he ran after leaving Merrill Lynch.He now serves on the board of directors of Uber in San Francisco, and is expected to join the He and Ms. Thain say they are looking to spend more time in California, where most of their children and grandchildren are living.

John Thain, President of Global Marketing, is a consultant responsible for brand building and brand extensions. Or at least, he Now the promise of another monthly paycheck has lured Thain out of retirement.

Achleitner is undoubtedly hoping that Thain will provide a bulwark against Cryan. John Thain is giving us a tour of what is soon to become America’s most infamous office, with its $87,000 rug, $68,000 sideboard, $28,000 curtains – all part of a $1.2m redecoration scheme. “It’s a beautiful space, and it has amazing views.”John A. Thain, a former executive at Goldman Sachs, the New York Stock Exchange and Merrill Lynch, is selling his duplex penthouse at 740 Park Avenue.A private elevator landing opens to a stately windowed gallery 27 feet long, with a grand staircase and entry to a 15-by-14-foot west-facing terrace.The large eat-in kitchen was renovated with custom marble flooring and a spacious pantry and laundry area.The living room flows into the dining room, which has a butler’s pantry with two dishwashers.The 16-by-19-foot library has a fireplace and French doors that open to a small south-facing terrace.The master bedroom, which opens to a wraparound terrace, has walk-in closets, a fireplace, and an en-suite marble bath with heated floors and a separate soaking tub. “The light here is just fantastic.”On the home’s main level, a private elevator landing opens to a stately windowed gallery 27 feet long, with a grand elliptical staircase and entry to a 15-by-14-foot west-facing terrace. (Analysts at Credit Suisse think trading revenues in investment banks could rise 5% year-on-year in the first quarter. After a 15-minute conversation between the two men, Thain agreed to resign. Thain has a house on North Captiva Island in south west Florida. They suck up capital and aren't very profitable. Thain was expected to be president of global banking, securities and wealth management, a new division at Bank of America, to oversee its corporate and investment bank and most of wealth management business.Upon joining Merrill Lynch, Thain received a $15 million signing bonus. - Either that, or the prospect of an exciting new, "challenge. Analysts at Jefferies think they could be up in the "high single digits." The master bath features heated floors and a separate soaking tub. Thain, who's Thain is an interesting person to throw into this mix. The 16-by-19-foot library, lined with sumptuous wood paneling by On the second floor is another spacious gallery, along with a sizable master bedroom with walk-in closets and a fireplace, and a guest bedroom currently being used as a study. A third set of stairs from this floor connects to the teak roof deck, with trellis walls and various plantings like climbing hydrangea.Mr. "Deutsche Bank is certainly the latter. Speculation mounted that some of Sheila Bair, chair of the Federal Deposit Insurance Corporation reported that during a meeting with the Treasury secretary at the depth of the financial panic, Thain asked the secretary if the TARP program would impact his compensation.On January 16, 2009, Bank of America announced that Merrill suffered an unexpected loss of $15 billion for the fourth quarter of 2008. Throughout the home — filled with an eclectic mix of antiques, traditional furnishings and striking artwork — are ornate plaster and wood moldings, Parquet de Versailles hardwood floors, functioning wood-burning fireplaces, French doors and oversize windows. By bringing in a man like Thain he may merely have hastened the day he himself gets stabbed in the back.John Thain said he regretted taking the job at Merrill Lynch and having to sell Merrill to Bank of America. It is shameful.

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