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In the United States, a 401(k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401(k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer .
Sallie L. Krawcheck (born November 28, 1964) [1] is the former head of Bank of America's Global Wealth and Investment Management division and is currently the CEO and co-founder of Ellevest, a digital financial advisor for women launched in 2016.
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.
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.
On September 14, 2008, Bank of America announced its intention to purchase Merrill Lynch & Co., Inc. in an all-stock deal worth approximately $50 billion. Merrill Lynch was at the time within days of collapse, and the acquisition effectively saved Merrill from bankruptcy. [57]
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