John Thain
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John Thain (born May 26, 1955 in Antioch, Illinois) is the current CEO of the New York Stock Exchange. Previously, Thain was both president and Chief Operating Officer of Goldman Sachs, starting in July, 2003. Before that, he was co-COO for four years and spent following five years as CFO. He was successful enough in the firm to amass $300 million in stock.
John Thain's memberships include: MIT Corporation, Dean's Advisory Council – MIT/Sloan School of Management, INSEAD – U.S. National Advisory Board, James Madison Council of the Library of Congress and Federal Reserve Bank of New York's International Capital Markets Advisory Committee. Other memberships include: French-American Foundation, Board of Trustees of the National Urban League and Trilateral Commission, as well as a governor of the New York-Presbyterian Foundation, Inc.
John Thain's Pay Scale: Interim Chairman, John Reed, told the Wall Street Journal that John Thain will be paid "a plain vanilla number" - about $4 million a year, including bonuses, with no "strange retirement" programs like former CEO Dick Grasso was paid.
Thain earned a bachelor's degree in Electrical Engineering from MIT in 1977 and an MBA from Harvard Business School in 1979. While at MIT he joined The Delta Upsilon Fraternity.
Thain currently resides in Rye, New York.
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