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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.
In November 2007, Merrill Lynch announced it would write-down $8.4 billion in losses associated with the subprime mortgage crisis, and would remove E. Stanley O'Neal as its chief executive. [23] O'Neal had earlier approached Wachovia about a merger without prior Board approval, but the talks ended after O'Neal's dismissal. [23]
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In November 2007, Merrill Lynch announced it would write-down $8.4 billion (~$11.9 billion in 2023) in losses associated with the subprime mortgage crisis, and terminated E. Stanley O'Neal as its chief executive. [36] O'Neal had earlier approached Wachovia for a merger, without prior Board approval, but the talks ended after O'Neal's dismissal ...
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 ...
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]
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