Summary
MERRILL Lynch has finally herded chief executive Stan O'Neal out the door after his bets on risky loans wiped Pounds 4bn off the Wall Street investment giant's profits during the third quarter.
O'Neal, who becomes the most senior casualty of the credit crisis, will walk away with Pounds 80m despite presiding over the biggest loss in Merrill's 93-year history.See the full content of this document
Extract
O'neal Pays for Merrill's Pounds 4bn Crash
The pay off represents compensation for loss of office as chairman and chief executive, as...
See the full content of this document
Sponsored links
