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Before he accepted the CEO position at Merrill Lynch, Thain reportedly was one of the runners-up to head Citigroup. [8] [9] Merrill Lynch and Citigroup sought new leaders following the sudden departure of their former CEOs after the disappointing performance in the third quarter of 2007 due to the subprime mortgage crisis.
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 ...
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]
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]
Robertson Stephens comes under new management with CEO Raj Bhattacharyya, CIO Stuart Katz, CFO David Westbrook, COO Vikram Chugh and CCO Michael Curley. [13] In 2019, Robertson Stephens Wealth Management added offices in Sun Valley, Idaho and Holmdel, New Jersey by business acquisitions. As of December 2021, the firm has 62 employees and over ...
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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 ...
[2] [1] He briefly served as executive vice president and head of strategy at Merrill Lynch from September to December 2008. [2] He earned US$29.6 million during those three months, [4] including a US$25 million golden parachute. [1] [5] He was subpoenaed by Attorney General Andrew Cuomo for his compensation. [1]