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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 May 2007, Fleming and Ahmass Fakahany were named co-presidents of Merrill Lynch. [17] In June 2008, Fleming became chief operating officer. [18] After the Bank of America merger was completed in January 2009, [19] Fleming resigned from Merrill Lynch to teach at Yale University, [20] becoming a senior research scholar and lecturer in law. [21]
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 ...
CEO 1979 Co-founded the company 2017-11-13 Microsoft: Satya Nadella: CEO [68] 2014 Was executive vice president of Microsoft's Cloud and Enterprise group 2017-11-13 Morgan Stanley: James P. Gorman: Chairman and CEO [69] 2010 Formerly with Merrill Lynch: 2017-11-13 NBCUniversal: Jeff Shell: CEO [70] 2020 Previously was Chairman of NBCUniversal ...
After numerous reports that he was a leading candidate, former Merrill Lynch CEO John Thain clinches the top job at struggling lender CIT. CIT ran into trouble a year ago as its investment in ...
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.
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Karen Lynch, a superstar CEO championing the biggest of big ideas, is out. As chief of corner drugstore and health insurance colossus CVS, Lynch headed the largest Fortune 500 enterprise, measured ...