281:. Chai replaced Jeffrey Edwards, who had held the position of CFO since 2005; Thain stated Edwards would assume another unspecified role within Merrill. Chai's new employer revealed that he would receive a bonus of $ 2.5 million for the 2007 fiscal year, split evenly between cash and stock, for his three weeks of work that year, bringing his total compensation for the year to $ 3.1 million. Merrill justified the bonus by pointing out that Chai would not receive any year-end incentive payment from his previous employer. Chai was slated to receive a salary of $ 600,000 in 2008. However, he and other top-level Merrill executives received no bonus that year, due to the
329:
and head of strategy instead. Chai's new responsibilities at CIT include global infrastructure and operating architecture, leadership of the insurance and consumer finance divisions, as well as business development and strategic planning. A little over a year later, in August 2011, he was named CIT's
338:
businesses. His total compensation package for 2011 was $ 1.7 million, down by 40% from 2010, reflecting a broader downward trend in executive compensation packages at CIT to which the only exceptions were Thain himself and transportation division president
Jeffrey Knittel.
252:, who had held that position since February 2004. Butte later decided to leave the exchange entirely rather than continue at her planned new position as executive vice president of strategy and product development. In 2006, Chai received a salary of
276:
and Chai's former boss at the NYSE, announced that Chai would join
Merrill in the position of chief financial officer starting on 10 December; the move was part of a management shake-up at Merrill, initiated due to their losses in the
313:. He had not yet relocated to Hong Kong at the time he quit. His departure left just one other member of Thain's management team in place at BofA, Tom Montag as head of sales and trading.
709:
399:
Chai has served on the board of directors of the United States-India
Business Council since August 17, 2007. He is also a member of the national board of directors of the
325:
reportedly approached Chai about the CFO position there after they hired Thain as CEO. In June, they announced that Chai would be coming on board, but in the capacity of
248:. In April 2005, when Archipelago formally announced its pending acquisition by the NYSE, it was decided that Chai would take over as CFO of the NYSE in May 2006 from
1070:
916:
352:
330:
president; following the promotion, he would keep his prior responsibilities as CAO and head of strategy, and in addition would take charge of CIT's
430:
309:, who had worked at BofA for 15 years. However, Chai departed from BofA in February, just two weeks after the ouster of Thain, and was replaced by
717:
737:
244:, to meet with NYSE officials, though Putnam felt that the NYSE would be uninterested and hoped instead to pursue an acquisition of rival ECN
1012:
603:
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964:
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1176:
1156:
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750,000 and a bonus of $ 825,000 from the NYSE; combined with other payments, his cash compensation for the year totalled $ 2,168,922.
212:
in 1997 as corporate vice president of worldwide field finance; he later became their senior vice president of business development.
1171:
1161:
278:
1151:
1055:
798:"메릴린치 韓계 CFO 넬슨채 올해 총보수 310만弗 (Merrill Lynch's Korean-descended CFO Nelson Chai total compensation this year $ 3.1 million)"
1131:
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556:
360:
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1181:
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425:[Worked for 22 days and got paid ₩2.9 billion; Merrill Lynch's Korean-descended CFO Mr. Nelson Chai],
298:
821:
769:
532:
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579:
477:
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Merrill Lynch in late 2008, they named Chai to head their Asia business. BofA planned to relocate Chai to
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in June 2000. Chai was a major driving force behind the merger between
Archipelago and the
233:
60:
659:
8:
154:
36:
941:"CIT Names Nelson Chai Chief Administrative Officer, Robert Rowe Chief Credit Officer"
1051:
940:
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367:. He has three children with his wife Jung, a stay-at-home mom. They lived in
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184:. On August 21, 2018, it was announced that Chai has been hired as the
181:
126:
322:
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174:
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245:
225:
580:"Uber Appoints New Head of Finance as It Marches Toward an I.P.O."
221:
105:
632:"Archipelago appoints Nelson Chai as chief financial officer"
604:"Merrill Lynch Names Nelson Chai as Chief Financial Officer"
452:"CIT Hires Ex-Thain Lieutenant Chai As Administrative Chief"
189:
46:
208:
before joining medical diagnostics products manufacturer
140:
1071:"USIBC appoints Nelson Chai to its Board of Directors"
917:"CIT Group Names Ex-Merrill Lynch Head John Thain CEO"
506:"Bank of America Said to Lose Asia Power Banking Team"
822:"Morgan Stanley, Merrill Executives to Forgo Bonuses"
342:
870:"Bank of America Moves Chai; Berkery Said to Depart"
989:"CIT CEO Thain's 2011 pay rose 23 pct to $ 8.2 mln"
240:; he repeatedly pressured his boss Archipelago CEO
157:and financial executive. He formerly served as the
770:"Merrill to pay Chai $ 2.5m for three weeks' work"
16:American investment banker and financial executive
892:Farrell, Greg; Guerrera, Francesco (2009-02-03),
791:
789:
557:"Uber finally hires a CFO as it heads for an IPO"
526:
524:
1113:
868:Keoun, Bradley; Trowbridge, Poppy (2008-12-18),
846:"Bank of America names Merrill CFO to head Asia"
417:
415:
891:
867:
738:"Merrill Lynch names NYSE's Nelson Chai as CFO"
355:parents. He studied as an undergraduate at the
786:
521:
472:
470:
412:
111:
610:, Merrill Lynch, 2007-12-03, archived from
499:
497:
704:
702:
467:
220:Chai was named chief financial officer of
1039:
763:
761:
494:
699:
554:
279:2007 subprime mortgage financial crisis
161:of American financial services company
1114:
894:"BofA Asia head and Thain ally leaves"
843:
819:
657:
577:
423:"22일 일하고 29억 받는다 메릴린치 새 CFO 한국계 넬슨 채씨"
173:region. He is the former president of
795:
767:
758:
530:
555:Korosec, Kirsten (August 21, 2018).
503:
933:
200:Chai served in senior positions at
13:
641:, Archipelago Exchange, 2000-06-12
449:
343:Personal life and other activities
305:for his new position. He replaced
288:
14:
1193:
1177:People from Lake Forest, Illinois
1157:American chief financial officers
1147:Businesspeople from New York City
1137:American people of Korean descent
533:"CIT names Nelson Chai president"
1046:, Blackwell Publishing, p.
1040:Png, Ivan; Lehman, Dale (2007),
820:Harper, Christine (2008-12-08),
578:Conger, Kate (August 21, 2018).
259:
230:electronic communication network
1096:Board of Directors: Nelson Chai
1087:
1063:
1033:
1005:
981:
957:
909:
885:
861:
837:
813:
796:Jeong, Yeong-hyo (2007-12-08),
730:
675:
651:
531:Rusli, Evelyn M. (2011-08-08),
433:from the original on 2016-03-04
1172:New York Stock Exchange people
1162:Harvard Business School alumni
624:
596:
571:
548:
443:
215:
177:and reported directly to then
112:
1:
1013:"Steering Away from Guzzlers"
844:Comlay, Elinor (2008-12-18),
478:"Merrill Hires Finance Chief"
406:
1152:Businesspeople from Illinois
1019:, 2004-05-31, archived from
744:, 2007-12-03, archived from
660:"A Maverick Becomes the Man"
359:, and went on to receive an
327:chief administrative officer
316:
7:
1132:American investment bankers
658:Bailey, Jeff (2005-06-03),
379:. Chai previously drove an
153:(born 1965) is an American
141:
127:
10:
1198:
1142:Bank of America executives
768:Jeffs, Luke (2007-12-11),
504:Chan, Cathy (2009-04-08),
357:University of Pennsylvania
283:2007–2008 financial crisis
33:University of Pennsylvania
389:, but traded it in for a
195:
134:
120:
104:
99:
95:
91:
83:
75:
67:
52:
42:
28:
21:
1167:Merrill (company) people
965:"한인 넬슨 채, CIT 그룹 사장 됐다"
683:"A Change at Big Board"
450:Xu, Jody (2010-06-01),
394:hybrid electric vehicle
365:Harvard Business School
270:chief executive officer
238:New York Stock Exchange
186:chief financial officer
159:chief financial officer
57:New York Stock Exchange
1099:, U.S. Fund for UNICEF
1182:Wharton School alumni
774:Online Financial News
710:"Nelson Chai Profile"
387:sport utility vehicle
169:'s president for the
1043:Managerial Economics
969:Korea Daily New York
401:U.S. Fund for UNICEF
264:On 3 December 2007,
234:Archipelago Exchange
122:Revised Romanization
61:Archipelago Exchange
1077:, India, 2007-08-17
748:on February 7, 2008
720:on December 6, 2007
456:Wall Street Journal
321:In early 2010, the
687:The New York Times
664:The New York Times
583:The New York Times
537:The New York Times
482:The New York Times
151:Nelson Joosuk Chai
37:Harvard University
23:Nelson Joosuk Chai
1057:978-1-4051-6047-6
375:before moving to
347:Chai was born in
332:corporate finance
155:investment banker
148:
147:
136:McCune–Reischauer
1189:
1107:
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716:, archived from
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353:Korean immigrant
144:
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19:
18:
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1023:on June 5, 2004
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898:Financial Times
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541:
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476:
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468:
460:
458:
448:
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421:
420:
413:
409:
345:
319:
295:Bank of America
291:
289:Bank of America
262:
218:
198:
167:Bank of America
165:and briefly as
116:
35:
24:
17:
12:
11:
5:
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1075:Economic Times
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547:
520:
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466:
442:
429:, 2007-12-09,
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336:vendor finance
318:
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217:
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197:
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54:
53:Known for
50:
49:
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40:
39:
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26:
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9:
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2:
1194:
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1138:
1135:
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1130:
1128:
1127:Living people
1125:
1123:
1120:
1119:
1117:
1098:
1097:
1090:
1076:
1072:
1066:
1059:
1053:
1049:
1045:
1044:
1036:
1022:
1018:
1014:
1008:
994:
990:
984:
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966:
960:
946:
942:
936:
922:
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899:
895:
888:
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864:
851:
847:
840:
827:
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816:
803:
799:
792:
790:
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771:
764:
762:
747:
743:
739:
733:
719:
715:
711:
705:
703:
688:
684:
678:
665:
661:
654:
640:
639:Press release
633:
627:
614:on 2008-09-23
613:
609:
608:Press release
605:
599:
584:
581:
574:
558:
551:
538:
534:
527:
525:
511:
507:
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498:
483:
479:
473:
471:
457:
453:
446:
432:
428:
424:
418:
416:
411:
404:
402:
397:
395:
392:
388:
385:
382:
381:Isuzu Trooper
378:
377:New York City
374:
370:
366:
362:
358:
354:
350:
349:New York City
340:
337:
333:
328:
324:
314:
312:
311:Ki-Myung Hong
308:
304:
300:
296:
286:
284:
280:
275:
274:Merrill Lynch
271:
267:
260:Merrill Lynch
257:
255:
251:
247:
243:
242:Gerald Putnam
239:
235:
231:
227:
223:
213:
211:
207:
206:Philip Morris
203:
193:
191:
187:
183:
180:
176:
172:
168:
164:
163:Merrill Lynch
160:
156:
152:
143:
139:
137:
133:
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107:
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98:
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74:
70:
66:
62:
58:
55:
51:
48:
45:
41:
38:
34:
31:
27:
20:
1101:, retrieved
1095:
1089:
1079:, retrieved
1074:
1065:
1042:
1035:
1025:, retrieved
1021:the original
1017:BusinessWeek
1016:
1007:
997:, retrieved
995:, 2012-04-05
992:
983:
973:, retrieved
971:, 2011-08-11
968:
959:
949:, retrieved
947:, 2010-06-01
944:
935:
925:, retrieved
923:, 2010-02-07
920:
911:
901:, retrieved
897:
887:
877:, retrieved
873:
863:
853:, retrieved
849:
839:
829:, retrieved
825:
815:
805:, retrieved
801:
778:, retrieved
773:
750:, retrieved
746:the original
741:
732:
722:, retrieved
718:the original
713:
691:, retrieved
689:, 2006-02-15
686:
677:
667:, retrieved
663:
653:
643:, retrieved
638:
626:
616:, retrieved
612:the original
607:
598:
586:. Retrieved
582:
573:
561:. Retrieved
559:. TechCrunch
550:
540:, retrieved
536:
513:, retrieved
509:
486:, retrieved
484:, 2007-12-04
481:
459:, retrieved
455:
445:
435:, retrieved
426:
398:
391:Toyota Prius
346:
320:
292:
263:
219:
210:Dade Behring
202:AlliedSignal
199:
171:Asia-Pacific
150:
149:
142:Ch'ae Chusŏk
1122:1965 births
802:Chosun Ilbo
776:, Dow Jones
427:Chosun Ilbo
369:Lake Forest
307:Jason Brand
216:Archipelago
128:Chae Juseok
100:Korean name
1116:Categories
1103:2009-12-01
1081:2008-02-20
1027:2007-12-12
999:2012-10-21
975:2011-09-23
951:2010-09-30
927:2010-09-30
903:2009-11-17
879:2009-11-17
855:2009-11-17
831:2009-11-17
807:2009-02-11
780:2007-12-12
752:2007-12-12
724:2007-12-12
693:2007-12-12
669:2007-12-12
645:2007-12-12
618:2007-12-12
542:2011-09-23
515:2009-11-17
488:2007-12-12
461:2010-09-30
437:2012-10-21
407:References
268:, the new
266:John Thain
182:John Thain
874:Bloomberg
826:Bloomberg
588:24 August
563:24 August
510:Bloomberg
396:in 2004.
363:from the
323:CIT Group
317:CIT Group
303:Hong Kong
250:Amy Butte
175:CIT Group
29:Education
945:RTT News
431:archived
373:Illinois
299:acquired
246:Instinet
232:company
226:Illinois
84:Children
43:Employer
993:Reuters
921:RTTNews
850:Reuters
384:compact
297:(BofA)
228:-based
222:Chicago
1054:
742:Forbes
714:Forbes
196:Career
106:Hangul
76:Spouse
63:merger
635:(PDF)
293:When
68:Title
1052:ISBN
590:2018
565:2018
334:and
204:and
190:Uber
79:Jung
47:Uber
361:MBA
351:to
272:at
188:of
179:CEO
113:채주석
71:CFO
1118::
1073:,
1050:,
1048:23
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480:,
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454:,
414:^
403:.
371:,
285:.
254:$
224:,
192:.
592:.
567:.
87:3
59:-
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