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Article: Fleet investment-marketing chief quits Move comes amid bank's probe of broker commissions
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- May 9, 1996
- Author:
CopyrightCopyright 1996 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Fleet Financial Group Inc.'s top investment-marketing executive
has resigned abruptly amid an internal investigation of the unit's
payment of institutional brokerage commissions.
Michael Rothmeier resigned Monday as managing director of the
company's Fleet Investment Services unit. He was escorted off the
Fleet executive floor at the bank's Federal Street headquarters later
in the day, according to an observer.
Clarke Blizzard, an institutional marketing executive who worked
for Rothmeier, resigned a day later, the company said.
A Fleet spokesman confirmed the resignations but would not discuss
the matter further. Rothmeier, reached at his Wellesley home, also
declined to comment. Blizzard ...