Exit of Merrill exec could signal more changes
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Mac Gardner, a senior brokerage executive at Merrill Lynch & Co Inc , is leaving at the end of the month in what could be a prelude to more management changes within the company.
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Merrill Lynch & Co  warned on Friday that shaky credit markets forced the world's largest brokerage to adjust the value of securities linked to risky subprime mortgages and other products, in a move that could hurt third-quarter profit.
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After a big run, it's time for shareholders to move out of Goldman.
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Ciba Specialty Chemicals Holdings said that its chief financial officer, Michael Jacobi, would leave and that it had named an executive from Dow Chemical as his successor. Mr. Jacobi, who is 53, plans to step down in March to Âpursue a new career path,Â the company said. ÂI have been doing this for 10 years, and I think itÂs time for a change,Â Mr. Jacobi said. Ciba said Mr. Jacobi would be succeeded by Juerg Fedier, 51, a executive of DowÂs European operations.
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As Merrill Lynch & Co Inc's  board deliberates the fate of Chairman and Chief Executive Stan O'Neal, a leading contender for the job on Sunday said he is not aware of being a candidate.
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The president of Harvard Management Co., who came to Boston less than two years ago to take over the world's largest university endowment, will leave the job unexpectedly and return to the investment firm where he formerly worked.
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Changes in CFOs are worth investigating.
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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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Following the departure of PeopleSoft Inc. chief executive officer Craig Conway, the software company may be looking with fresh interest at longtime suitor Oracle Corp.
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Business & money: Â· Absolute tied into risky American firmsÂ·  Rush for the door after co-founder resigns
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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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The removal of the president of California&#39;s largest public pension fund has raised questions about whether pension funds, endowments and other big activist investors can keep wielding clout in corporate governance campaigns.
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Michael T. WedgeÂs resignation sparked speculation on Wall Street that the retailer may be put up for sale.
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Merrill Lynch & Co Inc.  may look to sell its 20 percent stake in Bloomberg LP to raise capital after writing down $8.4 billion of assets last quarter, some investors have said.
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Merrill Lynch & Co.'s  Chief Executive Stan O'Neal broached the idea of merging with Wachovia Corp.  without first getting board approval, angering some members so much that they considered replacements for O'Neal, the New York Times reported on Friday.
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After some key changes, the company may be poised for growth.
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Management changes might make this a good value play.