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Article: The goddess who believed her own myth.
- Article from:
- Daily Mail (London)
- Article date:
- December 7, 2001
- Author:
CopyrightCOPYRIGHT 2001 Solo Syndication Limited. 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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Byline: ALEX BRUMMER
THE humbling of Carol Galley and the mighty American stockbrokers Merrill Lynch in the High Court represents a huge setback for the select band of City experts who invest our pensions and savings.
It is feared that, by settling with Unilever, Merrill Lynch may have opened itself and other asset managers to lawsuits and claims for compensation.
Among those studying the outcome of the case with a view to action are J Sainsbury and Surrey County Council.
Two decades ago, fund managers were regarded as the second-class citizens in the Square Mile - less well-paid than their glamorous counterparts, the dealmakers and ...