UPDATE 1-Goldman president Thornton to retire

Newswire

(Adds analyst comments, details, stock activity) NEW YORK, March 24 (Reuters) - John Thornton, co-chief operating officer and president of Goldman Sachs Group Inc. , will retire on July 1 to become a professor at a university in China, the Wall Street firm said on Monday. Thornton's exit puts John Thain, co-COO and president, as the clear right hand man to Chief Executive Henry "Hank" Paulson, 56. Thornton is 49 and Thain is 47. But market watchers do not anticipate a changing of the ...

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