Victims & Victors
The fallout from the subprime meltdown has affected homeowners, bankers, and investors, and now has settled on some of the top corner offices of Wall...
Thain to Chair Merrill Lynch
John Thain, CEO and director of the exchanges since 2006, and NYSE since 2004, was named the new chairman and CEO of Merrill Lynch, according to a November 14 announcement. He will succeed Stan O'Neal, Merrill's former chairman and CEO, who retired October 30 under the cloud of the firm's...
Citigroup's Chairman Retires
Citigroup Chairman and CEO Charles Prince has "elected to retire," according to a November 4 announcement, with no permanent successor in place. Prince is the latest Wall Street chairman to fall victim to the subprime and credit woes that have embroiled the markets in the second half of 2007, and...
O'Neal Steps Down
Effective immediately, Stan O'Neal, chairman and CEO of Merrill Lynch & Co., Inc. has decided to retire from the company. The board of directors has elected Alberto Cribiore, managing partner and founder of Brera Capital--a global private equity firm, as interim non-executive chairman, according to a company statement.