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In January 2009, Wigley resigned [12] as Chair of Merrill Lynch Europe, Middle East and Africa following the completion of its takeover by Bank of America. [13] Since 2004, Wigley had chaired Merrill Lynch's EMEA Region Executive Committee with responsibility for a business with $6bn of revenue, $3bn of pretax income and 8,000 employees in 23 ...
Thain then became the last chairman and CEO of Merrill Lynch & Co. before its merger with Bank of America. He was designated to become president of global banking, securities, and wealth management at the newly combined company, but resigned on January 22, 2009.
Former securities analyst at Merrill Lynch during dot-com bubble charged with civil securities fraud Henry McKelvey Blodget (born 1966) is an American businessman, investor and journalist. He is notable for his former career as an equity research analyst who was senior Internet analyst for CIBC Oppenheimer and the head of the global Internet ...
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Later that day, Merrill Lynch was sold to Bank of America for 0.8595 share of Bank of America common stock for each Merrill Lynch common share, or about $50 billion or $29 per share. [ 50 ] [ 51 ] This price represented a 70.1% premium over the September 12 closing price or a 38% premium over Merrill's book value of $21 a share, [ 52 ] but also ...
CIT Group, a lender to small and medium-sized businesses, is giving John Thain a chance at career redemption. CIT took on scads of subprime mortgage debt during the 2000s, then filed for ...
At McKinsey he worked on the Merrill Lynch account for ten years, and helped develop Merrill's online internet strategy. [12] In 1999, he joined Merrill Lynch in the newly created role of chief marketing officer. [15] He also joined the 19-member executive management committee. [15] Within two years, he was in charge of Merrill's brokerage ...
[full citation needed] Amazon allgedly deleted negative reviews of Scientology-related items, despite the reviews' compliance with comments guidelines. [362] [363] In November 2012, it was reported that Amazon.co.uk deleted "a wave of reviews by authors of their fellow writers' books in what is believed to be a response to [a] 'sock puppet ...