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NYSE CEO walks to Merrill Lynch

November 14, 2007

His experience, which includes an executive position at Goldman Sachs, will come in handy, many analysts said. Thain now has to put the pieces back together after bad bets prompted Merrill Lynch to announce the biggest quarterly loss in its history.SPEAKER: John Coffee, director of corporate governance, Columbia UniversityConway G. Gittens reports from New York.