Over the years, Greenspan also held many roles in the public and private sectors. His previous presidential appointments include the President's Foreign Intelligence Advisory Board, the Commission on Financial Structure and Regulation, the Commission on an All-Volunteer Armed Force, and the Task Force on Economic Growth. In addition, he served as a corporate director for a number of firms, including Aluminum Company of America (Alcoa); Automatic Data Processing, Inc.; Capital Cities/ABC, Inc.; General Foods, Inc.; . Morgan & Co., Inc.; Morgan Guaranty Trust Company of New York; Mobil Corporation; and The Pittston Company.
By Matthew Wisner Published June 30, 2017 Economic Indicators FOXBusiness
How did the shareholders in Citigroup and Merrill Lynch make out? Citigroup is currently trading (despite a 1-for-10 stock split attempting to dress up its price) at 10 percent of where it was trading on this date a decade ago. Merrill Lynch succumbed into the arms of Bank of America during the Wall Street crash of 2008, taking Bank of America shareholders on what the Wall Street Journal rightly called the “ $50 Billion Deal from Hell .” The Journal notes further that the CEO of Merrill, John Thain, had “furnished his office with an $87,000 rug, arranged $25 million goodbye packages for his own hires, and handed out billions of dollars in last-minute bonuses to his staff before the acquisition closed.”