5 years after Lehman: Where are key players now?

A look back at bank execs and regulators that dominated the headlines during the 2008 financial crisis and what they've been up to since.

John Thain

post lehman brothers

2008: CEO, Merrill Lynch

Thain joined Merrill Lynch as CEO and chairman in 2008, after serving as the NYSE's CEO for the three previous years. Just as Lehman was about to go under, Thain helped negotiate the sale of Merrill to Bank of America (BAC, Fortune 500) for a premium to its stock price.

Still, Thain didn't win many friends at Bank of America. After earning nearly $18 million in 2007, he pushed unsuccessfully for a $10 million bonus in 2008. A widely criticized $1.2 million renovation of his office when he joined Bank of America didn't help. Thain was pushed out of the bank in early 2009.

Now: CEO and chairman, CIT Group (CIT, Fortune 500)

Thain has redeemed himself as the head of CIT. He joined the midsize lender in early 2010 shortly after it emerged from bankruptcy protection and has been credited with turning it around. The Fed gave the bank the go-ahead to consider buying back stock earlier this year.

  @maureenmfarrell - Last updated September 17 2013 02:37 PM ET
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5 years after the financial crisis
ANN16 opener

Five years after the collapse of Lehman Brothers triggered the worst economic catastrophe since the Great Depression, life seems mostly back to normal -- which is one reason some fear it could all happen again.

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