© 2024 All Rights reserved WUSF
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
LIVE BLOG: Updates on Hurricane Milton

Speculation Over Fate of Merrill Lynch CEO Swirls

Merrill Lynch CEO Stan O'Neal is being forced out. The only thing up for negotiation is the terms of his departure. The firm logged a $2.3 billion loss in the third quarter and an $8.4 billion write off largely due to the subprime credit debacle. He also made overtures on the potential sale of the business without alerting the board.

Sam Hayes, professor in Investment Banking at the Harvard Business School, speaks with Renee Montagne.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

You Count on Us, We Count on You: Donate to WUSF to support free, accessible journalism for yourself and the community.