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It's Official: O'Neal Out

CEO ousted after subprime writedowns, backdoor merger talks

By Kevin Spak, Newser Staff

Posted Oct 30, 2007 10:42 AM CDT

(Newser) – Merrill Lynch CEO Stan O’Neal is retiring effective immediately, the company announced today, shocking no one. Merrill characterized the ouster as a mutual decision, but massive subprime losses and takeover indiscretions clearly marked O’Neal for the chopping block. Terms of the exit package... Read full story »

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It's Official: O'Neal Out

CEO ousted after subprime writedowns, backdoor merger talks

subprime mortgages • CEO • Merrill Lynch • Stan O'Neal

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More Newser Stories

Another Head Rolls at Merrill Lynch

Co-president will step down in wake of huge subprime losses

Why the CEO Talent Pool Is So Small

As Citi, Merrill searches show, Wall Street is now a tough place to grow managers

Same Missteps Felled 2 Wall Street Stars

Prince, O'Neal gambled they could ride out subprime storm

O'Neal Exit Package Is All That's Left

Lawyers crafting golden parachute for Merrill CEO after $8.4B losses

Axed Merrill Boss Tapped to Head CIT

Spendthrift John Thain gets hands on new troubled company

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