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Earnest Stanley O'Neal (born October 7, 1951 [2]) is an American business executive who was chairman and CEO of Merrill Lynch from 2003 through 2007, having served in numerous senior management positions at the company prior to this appointment.
Todd G. Sears (born 1976), American businessman and advocate for LGBTQ+ equality, is the founder and CEO of Out Leadership since 2010. [1] A former investment banker and private banker, he has served as head of diversity strategy at Merrill Lynch from 2007-2008 and head of diversity and inclusion at Credit Suisse from 2008-2010. [1]
In May 2007, Fleming and Ahmass Fakahany were named co-presidents of Merrill Lynch. [18] In June 2008, Fleming became chief operating officer. [19] After the Bank of America merger was completed in January 2009, [20] Fleming resigned from Merrill Lynch to teach at Yale University, [21] becoming a senior research scholar and lecturer in law. [8]
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 ...
Source: Wikimedia Commons. Five years ago, Bank of America acquired Merrill Lynch, the nearly 100-year-old investment banking franchise. But it wasn't until today that Merrill Lynch officially ...
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.
The next year, he moved to Los Angeles to work at Merrill Lynch & Co. as a private wealth adviser. [5] According to Financial Industry Regulatory Authority records, he was terminated in 2010 for "sending correspondence to a client without management approval". Between 2010 and 2016, he was a senior vice president of private banking at Morgan ...
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