Next CEO to inherit a bruised Merrill
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NEW YORK - No matter who is running Merrill Lynch &amp; Co., it's going to need a regimen of restraint and recuperation after getting badly bruised by the global credit market shakeout.
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Merrill Lynchâs directors may be weighing E. Stanley OâNealâs future, but one thing is already guaranteed: at least a $159 million payday if he steps down.
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Dominique Strauss-Kahn, who will be appointed to head the I.M.F. on Friday, will inherit an organization struggling to find a purpose in a vastly changed financial world.
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NEW YORK Marsh &amp; McLennan has a good chance of surviving despite the departure Monday of Jeffrey Greenberg, its chief executive, as long as its outside directors understand that removing Greenberg is not the last but the first change they will have to make
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Profit at Merrill Lynch & Co. Inc.   could take a big hit if the U.S. brokerage heavyweight  cuts the value on nearly $1 billion in subprime lender assets  it bought just eight months ago.
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Merrill Lynch & Co Inc's  board  is considering BlackRock Inc  Chief Executive Larry Fink  and NYSE Euronext  CEO John Thain as possible  replacements for embattled Merrill Chairman Stan O'Neal,  according to people familiar with the situation.
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The CEO's resignation likely means more trouble ahead.
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Merrill Lynch & Co Inc  board members are considering whether to replace Chief Executive Stan O'Neal after he oversaw record losses and discussed a merger with a rival U.S. bank without their knowledge, according to people familiar with the situation.
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How should Harvard spend its money? This is a pretty obvious question that won't be asked enough in the months ahead, now that the world's largest university endowment is looking for another investment chief to succeed the outgoing Mohamed El-Erian.
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Merrill Lynch & Co  said on Monday co-President Ahmass Fakahany will leave the company as the brokerage builds a new management team following a credit implosion that triggered $12 billion in net losses in the second half of 2007.
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Merrill Lynch is expected to report today that it will add about $2.5 billion more to the $5 billion in write-downs it has already announced, a person briefed on the situation said.
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SEAN HARRIGAN has a talent for making powerful enemies. Warren Buffet, the legendary investor, Michael Eisner, Disneyâs boss, Sanford Weill, the Citigroup chairman, and Richard Grasso, the former New York
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Mac Gardner, a senior brokerage executive at Merrill Lynch & Co Inc , is leaving the company, Merrill said on Friday.
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Directors of the brokerage firm have begun to consider whether to replace the embattled E. Stanley OâNeal, and with whom.
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Whoever is named chief executive will run essentially two companies: a thriving wealth management operation and a beaten-down bond business that could see $10 billion in losses.
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Merrill Lynchâs board of has begun to contact top Wall Street executives about replacing the embattled E. Stanley OâNeal.
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How should investors read the huge losses that Merrill may be taking?