NEWSMAKER-Merrill CEO's rise buckled by risky mortgages

Newswire

By Tim McLaughlin

NEW YORK, Oct 29 (Reuters) - The anticipated departure of Merrill Lynch & Co Inc Chief Executive Stan O'Neal would mark a surprising flameout in a career that had been impressive in its ascent.

The first African-American to run a major Wall Street firm, O'Neal appears to have lost his grip on the top job after misjudging subprime mortgage risk and presiding over the biggest quarterly loss in the brokerage's 93-year history.

O'Neal, 56, who ...

Sign in to access
this Article

"NEWSMAKER-Merrill CEO's rise buckled by risky mortgages" is part of the paid WardsAuto Premium content.  You must log in with Premium credentials in order to access this article.  To obtain Premium status, please contact us.

Why Become a Premium Subscriber?

WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format.  Learn more about the benefits of Premium access here.

Navigation-system maker TomTom is offering downloads of celebrity voices (including some of these) to guide you on your route. Who would you like to have tell you where to go?

Data Center

There are a number of ways to find data on WardsAuto:

BROWSE : Explore the breadth of WardsAuto data by geography and data type.
SEARCH: Use keywords and filters to search all data.
Reference: View reference and non-time-series data.
Public Data: A collection of data tables available to non-subscribers.

A subscription is required to see locked content.
We also welcome requests for customized data.

Go to Data Center