Former Merrill Lynch CEO John Thain says shareholders came first in his decision to sell to Bank...

|By:, SA News Editor

Former Merrill Lynch CEO John Thain says shareholders came first in his decision to sell to Bank of America (BAC) - he would have benefited personally more from discussions to sell a partial stake to Goldman Sachs (GS). Thain, fired after the deal closed, is now thinking about moving to private equity.