As Merrill digs out, No. 2 O'Neal moves fast to reshape it
Article Abstract:
Merrill Lynch & Co.'s chief executive, David Komansky, stood mute while president and COO E. Stanley O'Neal took charge following the Sept. 11 attacks at the World Trade Center. This leads some to believe that 62-year-old Mr. Komansky might retire sooner than his projected 2004 retirement date. Mr. O'Neal is making lots of cost-cutting changes that include attracting wealthy investors rather than small, and demoting or firing some executives.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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Merrill Lynch's net plunges over 50% following attacks
Article Abstract:
Merrill Lynch and Co. posted a drop of over 50% in its net income for the 2001 third-quarter due to the World Trade Center attacks in September 2001. The company posted $422 million in net income for the period.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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Merrill Lynch profit falls 21% on weak U.S. stock market
Article Abstract:
Merrill Lynch and Co. posted a decline of 21% in its profits for the 2001 first-quarter. The company posted $874 million (987.4 million euros) in net income for the period.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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