Shareholders were relieved when Thain engineered Merrill's $50 billion sale to Bank of America just as Lehman Brothers collapsed. Bloomberg reported after the sale that the Merrill
chief could exit with $11 million in stock payouts. But Thain, the former head of the New York Stock Exchange and a Goldman Sachs veteran, didn't grab the parachute: Bank of America
announced Oct. 2 that he'll oversee the company's global banking, securities, and wealth management divisions.NEXT: Richard Fuld, Jr.