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In 1996 Lynch founded Autonomy, a search software company, with David Tabizel and Richard Gaunt. [9] With Lynch as chief executive officer (CEO), Autonomy became one of the UK's top 100 public companies, and a leading company in Silicon Fen. [12] [4] Lynch was described in the press as the British equivalent of the American businessman Bill Gates.
Michael John Paul Marks (born 28 December 1941) is a British businessman, best known as executive chairman of Merrill Lynch Europe (1995 – 2003) [1] and before that CEO and then chairman of City of London stockbroker Smith New Court (1985 to 1995) until its acquisition by Merrill Lynch in 1995.
A U.S. Securities and Exchange Commission and U.S. Attorney probe into trading in the shares of ImClone Systems resulted in a widely publicized criminal case, which resulted in prison terms for businesswoman and television personality Martha Stewart, ImClone CEO Samuel D. Waksal, and Stewart's broker at Merrill Lynch, Peter Bacanovic.
[8] [9] Merrill Lynch and Citigroup sought new leaders following the sudden departure of their former CEOs after the disappointing performance in the third quarter of 2007 due to the subprime mortgage crisis. [10] [11] Nelson Chai, the CFO of the New York Stock Exchange under Thain, followed his mentor to Merrill Lynch and assumed the same role ...
Bank of America Private Bank (formerly U.S. Trust) was founded in 1853 as the United States Trust Company of New York. [1] It operated independently until 2000, when it was acquired by Charles Schwab, and Co. [2] and subsequently sold to, and became a subsidiary of, Bank of America in 2007. [3]
Donald Regan was born in Cambridge, Massachusetts, the son of Kathleen (née Ahearn) and William Francis Regan.He was of Irish Catholic origins. Regan earned his Bachelor of Arts in English from Harvard College in 1940 and attended Harvard Law School before dropping out to join the Marine Corps at the outset of World War II.
Merrill Lynch was at the time within days of collapse, and the acquisition effectively saved Merrill from bankruptcy. [57] Around the same time Bank of America was reportedly also in talks to purchase Lehman Brothers , however a lack of government guarantees caused the bank to abandon talks with Lehman. [ 58 ]
In those roles, Fleming oversaw the merger of Merrill Lynch Investment Management and BlackRock in 2006. [17] In May 2007, Fleming and Ahmass Fakahany were named co-presidents of Merrill Lynch. [18] In June 2008, Fleming became chief operating officer. [19]