Getting your player ready...
NEW YORK — Merrill Lynch & Co. said Wednesday that it has tapped New York Stock Exchange head John Thain to lead the world’s largest brokerage through the unfolding credit-market turmoil that threatens Wall Street’s biggest investment houses. His appointment comes two weeks after the ouster of Stan O’Neal as Merrill reported a $2.24 billion loss during the third quarter, the largest in its 93-year history. Thain, 52, is credited with remaking the NYSE into the world’s first truly global exchange. He started out on the bond desk at Goldman Sachs Group Inc.
