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.

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1 Response to Thain’s Elegant Exit

  1. Elisa says:

    did anyone ntcoie that there is a law on the books about the direct attempt to draw attention from the solemn atmosphere of a monument for personal intentions and that they were told before they went that they would be arrested for breaking it. Oh wait we’re to busy distracting the police with our breaking of simple rules. before you get mad answer me this would you do that at the tomb of the unknown soldier and why not? Be very careful that in your attempt to let freedom through the door anarchy does not slip in the window.

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