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Prior to his tenure as chairman and CEO, Merrill Lynch had thrived as a stand-alone company since 1914. In 2002, O'Neal was named the “Most Powerful Black Executive in America” by Fortune magazine. O'Neal was a member of the board of directors of General Motors from 2001 through 2006. He also served on the board of Alcoa.
The company was founded on January 6, 1914, when Charles E. Merrill opened Charles E. Merrill & Co. for business at 7 Wall Street in New York City. [11] A few months later, Merrill's friend, Edmund C. Lynch, joined him, and in 1915 the name was officially changed to Merrill, Lynch & Co. [12] At that time, the firm's name included a comma between Merrill and Lynch, which was dropped in 1938. [13]
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]
In 1968, Komansky joined Merrill Lynch as a broker. He became a regional director in 1981 and an executive vice president in 1990. Komansky served as a director and chief executive officer of Merrill Lynch from December 1996 to December 2002, and as a director, president and chief operating officer of the firm from January 1995 to December 1996.
Schooley, who was rated as a top broker in Enid, Oklahoma, [3] discovered systemic wrongdoing at Merrill Lynch that ranged from brokers to management to the board of directors and included: License-related exam cheat sheets; Country club list theft; Embezzlement; Falsification of records; Failure of management to deliver millions in assets; Bond rating fraud; Tour de France scheme; Client ...
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 ...
He was president and co-COO of Goldman Sachs, and then CEO of the New York Stock Exchange. 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 ...
In January 2006, he was appointed vice chairman of Merrill Lynch and as a senior advisor to its CEO Stanley O'Neal. [16] [14] He was responsible for advising senior management in the company's business development efforts with governments and financial institutions. [14] He retired from Bank of America, which acquired Merrill Lynch, at the end ...