Revisiting its monumental writedown 10 years ago kate stalter former contributor opinions expressed by forbes contributors are their own. A new book by financial times journalist greg farrell crash of the titans. The rise and fall of merrill lynch, and the lessons. Greed, hubris, the fall of merrill lynch, and the nearcollapse of. The exception was merrill lynch, a firm that revolutionized the stock market by. Corporate scandals merrill lynch accused of helping cook. Greed, hubris, the fall of merrill lynch and the nearcollapse of bank of america, greg farrell reveals it all in never before reported. Greed, hubris, the fall of merrill lynch, and the nearcollapse of bank of america hashes out the details. How merrill lynch faltered and fell the new york times. The rise and fall of a numbers guy stan oneal spent his early childhood delivering newspapers, and picking cotton and corn on the.
Merrill lynch assisted enron in cooking its books by pretending to purchase an existing enron asset when it was really engaged in a loan, levin said, adding that merrill did this partly in order. Merrill lynch was the worlds largest brokerage but in september. Merrill lynch is a great global franchise, and i look forward. The book itself is a worthy history of merrill lynchs last 18 months as independent company and its rocky merger with bank of america. The collapse of merill lynch now told in crash of the titans. Merrill lynchs legacy goes beyond its near collapse. The blundering herd for nearly a century of solid profitability, merrill lynch was the company that brought wall street to main street, turning tens of millions of americans into investors.
In his meticulously researched new book, crash of the titans. A highly informative and engaging book which takes an investigative approach to uncover the events that lead to the fall of the once mighty investment bank merrill lynch. The intimate, flyonthe wall tale of the decline and fall of a. Stanley oneal helped sow the seeds of merrills fall by failing. One view of merrill lynchs fall the new york times. Greed, hubris, the fall of merrill lynch, and the nearcollapse of bank of america greg farrell isbn. Greed, hubris, the fall of merrill lynch, and the nearcollapse of bank of america, paperback by farrell, greg, isbn 0307717879, isbn 9780307717870, brand new, free shipping in the us the financial times reporter who revealed key controversies pertaining to the merger of merrill lynch and bank of america presents a dual portrait of john thain and ken lewis that. Merrill lynch couldnt escape the housing crash as record waves of. The final days of merrill lynch last september, as wall street turned to rubble and panic threatened to come unleashed, ken lewis, the ceo of bank of america, agreed to swallow one of the country. The untold story of merrill lynchs final days deal journal wsj. Inspire a love of reading with prime book box for kids. Greed, hubris, the fall of merrill lynch, and the near collapse of bank of america. He makes no attempt at hiding his feelings when explaining why.
It shows the management to be selfcentered, myopic and completely incompetent. The untold story of merrill lynchs final days deal. Download books crash of the titans greed hubris the fall of merrill lynch and the near collapse of bank of america. Smiths nearly 28year career ended at merrill lynch in the fall of 2001.
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