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Two days before the earnings announcement, he flew out to Arizona to meet with Merrill's branch managers, who were having their annual conclave. Bob McCann, who as head of Global Wealth Management was boss of the brokers, recalls that Thain arrived in the afternoon, came to an evening cocktail party, and stayed for two and a half hours all the while, McCann points out, wearing a name tag. The next morning, Thain appeared in shirtsleeves (and name tag), spoke for 20 minutes, and took questions for 25 more. Then he stayed to listen to other speakers before flying back to New York on Wednesday night. The office bush telegraph worked overtime.

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early on is that this is a people business. is a guy who respects people," Smith says. Around the firm, Thain has been making Puma Fenty Rihanna Shoes nice at every opportunity.

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scattered across the region after the attacks. "He led the firm through some tricky times during those years, in a very thoughtful way," says Rosemary Berkery, Merrill's general counsel, who occupied the same post under O'Neal. But there was a flip side to the O'Neal persona, and press accounts of his tenure, even while singing his praises, told of personal slights and cruelties, such as a top executive who learned of his firing from a press release.

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"People want to know that the person at .

"He was a mean person, a disrespectful person, and he drove out thousands of years of experience, which was ultimately what caused the subprime problem at Merrill," says Smith, who left during O'Neal's ascendancy in 2002 and is one of his leading critics. Thain no doubt intentionally has made the comparisons easier with his nice guy offensive. "What he recognized Puma Velvet Creepers Grey

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meltdown. Still, he and other Merrill executives resist the temptation to publicly blame Thain's predecessor, whose spirit hovers over the World Financial Center whether they like it or not. who adroitly managed Merrill in the tough post September 11 environment. Merrill's headquarters stood on West Street across from the twin towers, and the company's divisions were Puma Fenty Fierce

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