Korea Investment Corporation Backs Merrill Lynch’s CEO Thain After Loss

Posted on 12/09/2008

Merrill Lynch & Co. Chief Executive Officer John Thain believes that the Korea Investment Corporation (KIC) still has faith in the company. This is after a stock rout that cut the value of KIC’s stake by US$ 800 million and forced Merrill Lynch’s sale to Bank of America Corporation. Guan Ong, Chief Investment Officer of […]