Wednesday, April 7, 2010 as of 11:14 AM ET
Earnest Stanley O'Neal (born October 7, 1951) is an American business executive. He is the former President, Chief Executive Officer and Chairman of the Board of Merrill Lynch & Co.
Read More at Wikipedia ›In stepping down before year end, Bank of America CEO Ken Lewis's eight-year tenure ends in controversy amidst federal investigations into the bank's takeover of Merrill Lynch & Co.
He also leaves behind a $2.3 tn balance sheet racked with problems.But although Lewis also leaves behind a strong legacy as an empire builder, engaging in merger after merger to increase the bank's massive deposit base (with more than $1 out of every $10 of the country's deposits), he also leaves behind a legacy as a banker who could play hardball, to do what he thought was right for the bank he built and loved.Because government documents and depositions reveal that it was Lewis who could crack heads to get what he wanted, it was Lewis who tried to bully the government last fall, in the end getting $20 bn in taxpayer money to buy Merrill Lynch for $17 bn, (with the rest shoring up the bank's tattered bottom line).Lewis and his team opted not to tell shareholders voting on the Merrill deal in early December...First of a series on the Crackdown on Wall StreetWith the economy in a national nervous breakdown, with global losses mounting into the trillions of dollars, a top W...
February 02, 2009 12:03 PM Crackdown on Wall Street: The Perp Walks Are Comingby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »...
February 2, 2009 12:03 PM UTC by Elizabeth MacDonaldCrackdown on Wall Street: The Perp Walks Are ComingFirst of a series on the Crackdown on Wall StreetWith the econ...
As rotten mortgages continue to cripple the balance sheets of large companies, beleaguered executives face yet another looming risk to their stock prices.Massive wri...
January 27, 2009 11:06 AM Dumbest Bubble Dealsby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »As rotten mortgages continue to ...
January 27, 2009 11:06 AM Dumbest Bubble Dealsby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »As rotten mortgages continue to ...
Nasty fights are breaking out behind the scenes at Merrill Lynch and its new parent company, Bank of America (BAC). Defections are picking up speed, as top guns have...
January 13, 2009 11:04 AM UTC by Elizabeth MacDonaldNasty Battles Behind the Scenes at Merrill LynchNasty fights are breaking out behind the scenes at Merrill Lynch ...
January 13, 2009 11:04 AM Nasty Battles Behind the Scenes at Merrill Lynchby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »Nast...
As FOX Business first reported Friday, Citigroup (C) is poised to report much deeper losses for its coming fourth quarter on January 22nd than both the company and a...
January 12, 2009 08:54 AM UTC by Elizabeth MacDonaldCiti Still Needs More CapitalAs FOX Business first reported Friday, Citigroup (C) is poised to report much deeper...
January 12, 2009 8:54 AM Citi Still Needs More Capitalby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »As FOX Business first re...
October 01, 2009 9:05 AM It Was Ken Lewis Who Tried to Bully Uncle Samby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »In stepp...
October 1, 2009 09:05 AM UTC by Elizabeth MacDonaldIt Was Ken Lewis Who Tried to Bully Uncle SamIn stepping down before year end, Bank of America CEO Ken Lewis’s eig...
New York State Attorney General Andrew Cuomo wants former Merrill Lynch chief executive John Thain to tell him the names of who exactly got the $3.6 bn in bonuses at...
Third in the Crackdown on Wall Street seriesWhat exactly went on behind the scenes in Wall Street's subprime bond factory?A behind the scenes, inside look at three a...
February 06, 2009 10:06 AM Inside Wall Street's Subprime Bond Factoryby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »Third in ...
February 6, 2009 10:06 AM UTC by Elizabeth MacDonaldInside Wall Street's Subprime Bond FactoryThird in the Crackdown on Wall Street seriesWhat exactly went on behind...
White Collar Crack Down
