Executive Shifts, Write-Downs Continue
Just weeks after the departure of former Merrill Lynch CEO Stan O'Neal, news reports have circulated that Mac Gardner, head of global wealth management for...
James Gorman Moves Up, as Zoe Cruz Bows Out
As of December 1, wealth-management head James Gorman, 49, and Morgan Stanley International chief Walid Chammah, 53, are co-presidents. They replace "retiring" co-president Zoe Cruz...
Thain Tapped as Merrill's New CEO
Merrill Lynch is now led by John A. Thain, 52, the former chief executive officer, director and member of the management committeee of NYSE Euronext...
Subprime Mortgage Crisis 2, Financial-Service CEOs 0
Merrill Lynch says it hired former NYSE Euronext CEO John Thain on November 14 to replace the brokerage firm's ex-CEO and chairman, Stan O'Neal, who...
Thain Is New CEO of Merrill Lynch
Merrill Lynch says it hired former NYSE Euronext CEO John Thain to replace the brokerage firm's ex-CEO and chairman, Stan O'Neal, who "retired" on October 30, six days after the firm announced a write
O'NEAL RESIGNS AS CEO; WHAT'S NEXT FOR MERRILL?
Merrill Lynch Chairman and CEO Stan O'Neal's retired on October 30, six days after the firm announced a write-down of some $8 billion due to its mortgage-related holdings; that amount represents about
Merrill Nears 16,000 FAs; AUM Tops $1.6 Trillion
Merrill Lynch has reported its second-best results ever, says Richard X. Bove of Punk, Ziegel & Company in Lutz, Fla. The company continues to aggressively...
Still Getting It Done
They may not be making it 'the old fashioned way' with commissions on stock transactions, but in spite of reports of representatives fleeing wirehouses to...