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Article: E. Stanley O'Neal rises at Merrill Lynch.(African American named number two executive at securities firm)(Brief Article)
- Article from:
- Black Enterprise
- Article date:
- October 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Black executive one step away from the top
Citing E. Stanley O'Neal's "keen strategic vision" and "great ability to inspire and lead people," the board of directors at Merrill Lynch & Co. Inc. has elected O'Neal president and COO of the corporation. In his new position, O'Neal, 49, becomes the No. 2 man at Merrill Lynch, and will work with Chairman and CEO David H. Komansky, 62, plotting strategy and directing the worldwide operations of the company's three primary businesses: corporate and institutional, private client, and investment management. Previously, O'Neal was president of the corporation's U.S. brokerage unit. Merrill Lynch, a 150-year-old monolith, ...