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October 7, 2008 11:05:28 PM CDT

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Stories related to: Stan O'Neal

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5 Stories

  • January 2008

    • Another Head Rolls at Merrill Lynch

      Bloomberg  |  Jan 28, 08 3:55 PM CST

      Another Head Rolls at Merrill Lynch

      (Newser) - Merrill Lynch co-president Ahmass Fakahany will step down after subprime mortgages led to a $9.8 billion fourth-quarter loss, the firm said today. Fakahany is at least the third exec from Stan O'Neal's team to leave since John Thain took over as CEO, reports Bloomberg. Thain replaced O'Neal in October following almost-as-horrifying third-quarter losses. More »

      Tags

      subprime mortgages  • subprime crisis  • Merrill Lynch  • John Thain  • Stan O'Neal

  • November 2007
  • October 2007

    • It's Official: O'Neal Out

      Wall Street Journal  |  Oct 30, 07 10:42 AM CDT

      It's Official: O'Neal Out

      (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 were not disclosed, but it's expected to total close to $200 million, the Journal reports. More »

      Tags

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

    • O'Neal Exit Package Is All That's Left

      Wall Street Journal  |  Oct 30, 07 4:37 AM CDT

      O'Neal Exit Package Is All That's Left

      (Newser) - CEO Stan O’Neal has leaped from the flames of Merrill Lynch after its $8.4 billion write-down last week, but nobody yet knows the size of his golden parachute, writes the Wall Street Journal . Teams of lawyers are negotiating an exit package that may exceed $160 million, reflecting 21 years of service, including five as CEO, say spokesmen. More »

      Tags

      subprime mortgages  • Merrill Lynch  • Stan O'Neal

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