Dismantling a Wall Street Club

Article Abstract:

Merrill Lynch CEO E. Stanley O'Neal offers a sharp management style to his predecessor David Komansky. As the first African American to head a major Wall Street firm and a director of the New York Stock Exchange, he has every right to flourish under the banner of memberships in the most exclusive financial clubs in the country, but O'Neal prefers to concentrate on what is good for his entire community. Former Merrill executive Winthrop H. Smith Jr., son of one of the firm's founders, is not sure O'Neal is the right man for the job and is a public critic of O'Neal's cost-cutting strategies. Smith prefers the club mentality that emphasizes growth through aggressive expansion activity.

Management dynamics, Security and Commodity Services, Management, Appointments, resignations and dismissals, Biography, Company business management, Komansky, David H., Merrill Lynch & Company Inc., Grasso, Richard, O' Neal, E. Stanley

---

15 Specialists From Big Board Are Indicted

Article Abstract:

The Securities and Exchange Commission has charged 15 former New York Stock Exchange traders with illegal trading and 5 other traders with securities fraud.

Legal issues & crime, Securities Dealers, Investment Banking and Securities Dealing, Security brokers and dealers, Legal/Government Regulation, Company legal issue, Cases, Investigations, Securities fraud, New York Stock Exchange Inc., United States. Securities and Exchange Commission, Professional misconduct

---

Similar abstracts:

• Abstracts: Fighting the Idea That All the Internet Is Free. Keeping Moviegoers Away From the Dark Side. Digital (Fill in the Blank) Is on the Horizon
• Abstracts: Torstar profit up; ad linage declines. Onex posts loss in second quarter. Thirst for water takes fizz out of Cott profit
• Abstracts: Grasso Giving Up $48 Million in Benefits. New Accounts Of Meetings At Big Board On Chief's Pay
• Abstracts: Market Chief Holds Firm in Storm Over Pay. It's Time to Hear What Bill Donaldson Wants the Big Board to Do. N.Y.S.E. Chief Is Planning To Split Board
• Abstracts: B.C. firm rewriting recipe for making pasta. Mining prospects looking up. Forestry company shutters B.C. mills

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.