To their astonishment, they were each handed a one-page document that said they agreed to sell shares to the government, then the then U.S. Treasury Secretary, Hank Paulson, said that they must sign it before they left. Of the 9 bosses at Treasury that day, only 2 remain in position.
The 9 bosses present at that meeting 4 years ago were:
Lloyd Blankfein, Chairman and CEO, Goldman Sachs
Jamie Dimon, Chairman and CEO, JPMorgan Chase
Robert Kelly, Chairman and CEO, Bank of New York Mellon (resigned 2011)
Richard Kovacevich, Chairman, Wells Fargo (retired 2010)
Ken Lewis, Chairman and CEO, Bank of America (retired end of 2009)
Ronald Logue, Chairman and CEO, State Street (retired 2010)
John Mack, Chairman and CEO, Morgan Stanley (left Morgan Stanley at the end of 2011)
Vikram Pandit, CEO, Citigroup (resigned October, 2012)
John Thain, CEO, Merrill Lynch (lost his job in 2009)
image: © US Treasury Department
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