Stanley O'Neal

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E. Stanley O'Neal (born October 7, 1951 in Roanoke , Alabama) was Chief Executive Officer of Merrill Lynch from 2002 to 2007 .

Life

Stanley O'Neal is the son of a small cotton farmer and a cleaning lady. He grew up in Wedowee , a village in Alabama , until he was twelve . There he also went to school, a school that his grandfather had built as a slave. His family, he had three younger siblings, then moved to Atlanta . His father got a job there at General Motors , which gave O'Neal the opportunity to work at GM. There he was briefly foreman and was able to graduate from the General Motors Institute (now Kettering University) with a bachelor's degree in 1974 . At the end of the 1970s he received a grant from General Motors to attend Harvard University , which he left in 1978 with a Master of Business Administration . After graduating, he worked in General Motors' finance department before joining Merrill Lynch in 1986. There he was responsible for the capital market and managing director for investment banking and head of the financial services group. In 1998 he became Merrill Lynch's Chief Financial Officer . He became Chief Executive Officer in December 2002 and Chairman of the Company in April of the following year .

In late October 2007, Stan O'Neal had to resign - one reason was not given, but it is believed that this is directly related to the largest quarterly losses in Merrill Lynch's history. His retirement package of stocks, options, and pension obligations was over $ 160 million and his 2007 earnings were approximately $ 46 million.

Web links

Footnotes

  1. ↑ http://www.businessweek.com/magazine/content/01_46/b3757075.htm
  2. ↑ ZDFheute, head of Merrill Lynch must go , October 30, 2007 ( Memento of the original from November 2, 2007 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.zdf.de
  3. ↑ Harvard Business School Bulletin - Profile ( Memento of the original from May 18, 2006 in the Internet Archive ) Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , other sources say he is 11 or 13 years old @1@ 2Template: Webachiv / IABot / www.alumni.hbs.edu
  4. ↑ a b http://findarticles.com/p/articles/mi_m1355/is_9_100/ai_77356438
  5. ↑ NPR.org, Embattled Merrill Lynch CEO O'Neal Steps Down October 30, 2007
  6. ↑ www.bloomberg.com O'Neal Ouster Makes Mess of Maternal Merrill Lynch (Update5) , Oct. 29, 2007
  7. ↑ n-tv.de, Merrill draws consequences - CEO has to go , October 30, 2007
  8. ^ Christiane Oppermann: America as a superpower - Die Zocker von der Wall Street, Spiegel special Geschichte 4/2008
  9. ↑ 101 Dumbest Moments in Business
personal data
SURNAME O'Neal, Stanley
ALTERNATIVE NAMES O'Neal, Stan; O'Neal, E. Stanley
BRIEF DESCRIPTION American Manager, Chief Executive Officer of Merrill Lynch (2002–2007)
DATE OF BIRTH October 7, 1951
PLACE OF BIRTH Roanoke, Alabama