Download or read book Catching Lightning in a Bottle written by Winthrop H. Smith, Jr and published by John Wiley & Sons. This book was released on 2014-08-20 with total page 613 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fascinating story behind the company that revolutionized the financial world Catching Lightning in a Bottle traces the complete history of Merrill Lynch and the company's substantial impact on the world of finance, from the birth of the once-mighty company to its inauspicious end. Throughout its ninety-four year history, Merrill Lynch revolutionized finance by bringing Wall Street to Main Street, operating under a series of guidelines known as the Principles. These values allowed the company to gain the trust of small investors by putting the clients' interests first, driving a business trajectory that expanded capital markets and fueled the growth of the American post-war economy. Written by the son of Merrill Lynch co-founder Winthrop H. Smith, this book describes the creation and evolution of the company from Charlie Merrill's one-man shop in 1914 to its acquisition by Bank of America in 2008. Author Winthrop H. Smith Jr. spent twenty-eight years at the company his father co-founded, bringing a unique perspective to bear in telling the story of the company that democratized the stock market and eventually fell from its lofty perch. Learn why the industry initially scoffed at Charles Merrill's "radical" investment ideas Discover the origin of the Principles, and how they drove operations for nearly a century Find out why the author left a successful Wall Street career, and why it was such a smart move Examine the culture and values that built Merrill Lynch into one of the world's most successful and respected companies Revolutionary vision is rare, and enduring success is even more so. When a single organization demonstrates both of those characteristics, it is felt throughout the world. Discover the fascinating story behind Merrill Lynch and the men who built it from an insider's perspective in Catching Lightning in a Bottle.
Download or read book Crash of the Titans written by Greg Farrell and published by Currency. This book was released on 2011-09-13 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: The intimate, fly-on-the wall tale of the decline and fall of an America icon With one notable exception, the firms that make up what we know as Wall Street have always been part of an inbred, insular culture that most people only vaguely understand. The exception was Merrill Lynch, a firm that revolutionized the stock market by bringing Wall Street to Main Street, setting up offices in far-flung cities and towns long ignored by the giants of finance. With its “thundering herd” of financial advisers, perhaps no other business, whether in financial services or elsewhere, so epitomized the American spirit. Merrill Lynch was not only “bullish on America,” it was a big reason why so many average Americans were able to grow wealthy by investing in the stock market. Merrill Lynch was an icon. Its sudden decline, collapse, and sale to Bank of America was a shock. How did it happen? Why did it happen? And what does this story of greed, hubris, and incompetence tell us about the culture of Wall Street that continues to this day even though it came close to destroying the American economy? A culture in which the CEO of a firm losing $28 billion pushes hard to be paid a $25 million bonus. A culture in which two Merrill Lynch executives are guaranteed bonuses of $30 million and $40 million for four months’ work, even while the firm is struggling to reduce its losses by firing thousands of employees. Based on unparalleled sources at both Merrill Lynch and Bank of America, Greg Farrell’s Crash of the Titans is a Shakespearean saga of three flawed masters of the universe. E. Stanley O’Neal, whose inspiring rise from the segregated South to the corner office of Merrill Lynch—where he engineered a successful turnaround—was undone by his belief that a smooth-talking salesman could handle one of the most difficult jobs on Wall Street. Because he enjoyed O’Neal’s support, this executive was allowed to build up an astonishing $30 billion position in CDOs on the firm’s balance sheet, at a time when all other Wall Street firms were desperately trying to exit the business. After O’Neal comes John Thain, the cerebral, MIT-educated technocrat whose rescue of the New York Stock Exchange earned him the nickname “Super Thain.” He was hired to save Merrill Lynch in late 2007, but his belief that the markets would rebound led him to underestimate the depth of Merrill’s problems. Finally, we meet Bank of America CEO Ken Lewis, a street fighter raised barely above the poverty line in rural Georgia, whose “my way or the highway” management style suffers fools more easily than potential rivals, and who made a $50 billion commitment over a September weekend to buy a business he really didn’t understand, thus jeopardizing his own institution. The merger itself turns out to be a bizarre combination of cultures that blend like oil and water, where slick Wall Street bankers suddenly find themselves reporting to a cast of characters straight out of the Beverly Hillbillies. BofA’s inbred culture, which perceived New York banks its enemies, was based on loyalty and a good-ol’-boy network in which competence played second fiddle to blind obedience. Crash of the Titans is a financial thriller that puts you in the theater as the historic events of the financial crisis unfold and people responsible for billion of dollars of other people’s money gamble recklessly to enhance their power and their paychecks or to save their own skins. Its wealth of never-before-revealed information and focus on two icons of corporate America make it the book that puts together all the pieces of the Wall Street disaster.
Download or read book Merrill Lynch written by WetFeet.com (Firm) and published by WETFEET, INC.. This book was released on 2009 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Merrill Lynch Co written by WetFeet.com (Firm) and published by Wetfeet. This book was released on 2006 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thanks to the firm'ss strong position on Wall Street, Merrill Lynch is a coveted employer. Readers of this WetFeet Insider Guide will learn how Merrill has responded to recent market conditions; how the firm differs from the white shoe crowd; what employees love most and like least about working there; where the firm is headed; about the recruiting process; and insiders's interview tips.
Download or read book Company Profiles Merrill Lynch Co Inc written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Riding the Bull written by Paul Stiles and published by Crown Business. This book was released on 1998 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the tradition of "Liar's Poker" comes a darkly comic tale of an amoral, profit-mad Wall Street. An outsider on the inside of financial giant Merrill Lynch, Paul Stiles witnessed financial history in the making, including the Orange County debacle. "Riding the Bull" is the story of what happens when an idealist grapples with the dark side of today's high-stakes financial marketplace.
Download or read book Merrill Lynch Co written by and published by . This book was released on 2006 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Wall Street to Main Street written by Edwin J. Perkins and published by Cambridge University Press. This book was released on 1999-04-28 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: A 1999 biography of Charles Merrill, the founder of the world's largest brokerage and investment firm.
Download or read book Grow Rich Slowly written by Don Underwood and published by Viking Adult. This book was released on 1993 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the first time, the world's largest financial institution (more than 400 offices in the U.S., with over 1.8 million retirement accounts) has put its name on a book. Grow Rich Slowly is the first book to distill the expertise of these retirement financing authorities and tailor it to the specific needs of real readers.
Download or read book Merrill Lynch written by and published by . This book was released on 2005 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Merrill Lynch Co Inc written by Dorothy C. Kelly and published by . This book was released on 2000 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Wealth written by Merrill Lynch and published by John Wiley & Sons. This book was released on 2010-01-08 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Wealth, Merrill Lynch and Capgemini present a readable guide on what drives the success of HNWIs, as well as the trends, growth, increased complexity and competitiveness of the global wealth management market, all based on over a decade of research. Full of wealth-building strategies for HNWIs everywhere, as well as for those who aspire to join their ranks and those who advise them, Wealth is a complete guide to successful holistic wealth management. Comprehensive coverage includes: What you should aspire to achieve with your wealth management goals. New ways in which HNWIs should be thinking about planning for the future. How to get to the next level of wealth. Trends, similarities and differences in various regions around the world. Innovative approaches to asset allocation and alternative investments. The increasing role of philanthropy, the growing importance of inter-generational wealth transfer, and other emerging issues for HNWIs. In-depth interviews with prominent high-net-worth and ultra-high-net-worth individuals as well as advisors. Provocative thinking on where the future of the wealth management industry is going.
Download or read book Company Profiles Bank of America Merrill Lynch written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Merrill Lynch Co Inc a Proxy for the Changing Financial Services Marketplace written by Samuel G. Liss and published by . This book was released on 1984 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Merrill Lynch and Company Incorporated Annual Report written by and published by . This book was released on 1973 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Merrill Lynch Co Inc written by Merrill Lynch & Co. (1973- ) and published by . This book was released on 199? with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis of Merrill Lynch Co Inc an International Securities Firm written by Jir-Chiang Ding and published by . This book was released on 1993 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:
