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...produced hunting grounds for other firms as well. But either because Merrill was a larger firm or because it didn't have as big a role in sparking the credit crisis as Lehman or Bear, it seems that no firm on Wall Street these days is without a former top executive from Merrill Lynch...
...Citigroup, Eugene McQuade is running the bank's North American retail-banking operations. McQuade was formerly the head of Merrill's banking operations - a considerably smaller job than the one he has at Citi. Investment banks Jefferies and recent upstart Moelis & Co. have also picked up former top Merrill Lynch bankers. (See the top 10 financial collapses...
Ironically, despite their being at a firm that needed a lifeline at the height of the financial crisis, many former Merrill Lynch executives have ended up in what most of us would consider to be lucrative jobs. Last June, top Merrill Lynch investment banker George Young was hired by Lazard to be a vice chairman of its U.S. investment bank. Lazard paid its employees an average of $505,000 in 2009, slightly more than Goldman Sachs. Young, most likely, got considerably more. Thain, for his new job, will be getting an annual salary of $6 million, of which...
...with acceleration and braking, but the NHTSA determines that their concerns are of "ambiguous significance" given the variety of defects described. Based on this sense of inconclusiveness, the administration denies Ziprin's petition for further investigate into the 19 Camry and Lexus models that are potentially involved. (See the top 10 product recalls...
...serious that the White House convened an "Asian carp summit" on Monday to work out a defense plan. "If the carp invade the Great Lakes, it will change them forever," says Jennifer Nalbone, director of invasive species and navigation for the NGO Great Lakes United. (See the world's top 10 invasive species...