Word: stan
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Dates: during 2000-2009
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...crisis, an embarrassing stretch for Wall Street firms in which billions of dollars in writedowns were announced and thousands of employees were laid off.But students say that the media blitz did not alter their opinions of the major banks during their job hunt.“[Merrill Lynch CEO] Stan O’Neal’s exit doesn’t factor into my decision because it won’t change anything in my investment banking group and even less about my potential analyst experience,” says Jane Fang ’08, who will...
...have our first big-game catch of the 2007 housing slump and credit crunch. On Oct.30, Stan O'Neal resigned his post as CEO of Merrill Lynch after reporting that his firm would suffer a $7.9billion hit to the value of its assets because of bad bets on mortgage-related securities. O'Neal personally took blame for Merrill's forceful push into complex instruments designed to distribute the risk of a surging subprime-mortgage market--the ones now imploding as home prices flatline and defaults spike...
...Neal was not the “kind of active talker that other HBS students were, but he was very thoughtful when he entered into discussions,” Candee added. “Stan was very serious...
...former Merrill Lynch CEO E. Stanley O’Neal, the fall from financial power was fast. And while colleagues have blamed his go-it-alone approach, friends from his days at Harvard Business School remember a different Stan...
...Stan was very serious,” Candee said...