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.
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):
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E. Stanley O'Neal
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