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Business briefs: O'Neal retires
Staff reports, The Examiner Oct 31, 2007 6:00 AM (783 days ago)SAN FRANCISCO Stan O'Neal, the departing Merrill Lynch CEO, will walk away with $161.5 million in stock, options and benefits after announcing his retirement Tuesday. O’Neal, 56, was under pressure to leave after the investment bank reported a $2.24 billion quarterly loss — Merrill’s largest since being founded 93 years ago — and a $7.9 million writedown of revalued assets backed by shaky mortages.
http://www.examiner.com/a-1019992~Business_briefs___O_Neal_r etires.html The above excerpt and link will be sent by email. |
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