Wednesday, November 14, 2007

Merrill Names NYSE Chief Thain As New CEO

Reuters is gushing - "Merrill Lynch & Co Inc on Wednesday named NYSE Euronext Chief Executive John Thain as its new CEO, bringing in an outsider with a Goldman Sachs pedigree to repair an image battered by wrong-way bets on subprime mortgages."

Uhh, how about "...bringing an NYSE insider fresh off a win of civil insider trading charges involving the NYSE..."

It's like politics and Hollywood. Isn't there any new talent anywhere, or is Jean Smart the only blond actress over 40?
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