Sunday, October 28, 2007

Zelig

Priceless comment from the NYT, saying goodbye to E. Stanley O'Neal as he hurtles toward the door at Merrill (link):

He ... has the ability to be at the center of major financial disruptions without taking on significant blame. He was a senior banker in the junk bond division when the firm had a $470 million write-down; he was a co-head of Merrill’s institutional business in 1997, a few months before the Asian financial crisis hurt the markets. He was chief financial officer in 1998 when the firm had a quarterly loss because of bond trading and exposure to the troubled hedge fund Long Term Capital Management.

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