Got to feel sorry for Stanley O’Neil

Chief Executive of Merrill Lynch…

http://news.bbc.co.uk/1/hi/business/7064948.stm

Can’t get much worse than that really. It’s almost like the shareholders are saying ‘yes we think you’re rubbish and we’re putting our money where our mouth is’. Harsh times. Still I suppose someone has to take the bullet and I’m sure a huge payoff will be in the offing so maybe not too much sorrow for him.

This entry was posted on Saturday, October 27th, 2007 at 5:03 pm and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to Got to feel sorry for Stanley O’Neil

  1. M.Wilson says:
    October 31, 2007 at 4:34 pm

    Feel Sorry for O’Neil. surely you jest. $160MM payoff to go out the door smiling. That’s just flipping silly, but hey BOD’s are like that. They know what goes around comes around.

    Reply

Leave a comment