t all of which resulted from its expedition into subprime mortgages and the metastasizing securities and derivatives based on them. Thain knows that his first job is not to appease angry shareholders an almost impossible task, at least for now Puma Rihanna Fenty Velvet
Thain, belying a reputation for being stiff and robotic, turns on the charm with dry humor and a relaxed demeanor. A rambling question a complaint, really comes in from a broker in the Minneapolis office. Thain hands the call off to a subordinate, drawing laughter without embarrassing anyone. of General Atlantic, a private equity firm. Merrill's brokers (16,740 according to its most recent quarterly report) are the heart and soul of the 94 year old firm. Until Puma Rihanna Creepers Red the latest mess, they were responsible for pretty much all that was bad or good about the company, at least in the public eye. The cuts were not sadistic they were amply justified by a stuttering market and resulting investor jitters but they seemed that way.
Since then, the brokers have been producing, mad as they are. During the last three months of 2007, they pulled in an impressive $30 billion in new assets, from retail clients alone, in a tough market. They despised O'Neal, and the feeling was mutual. Now they watch closely as Thain takes a question from the crowd. One man, smiling sardonically, asks if Thain plans to revisit the acquisitions undertaken by O'Neal. But nobody cares about that, and he knows it. What's on everyone's mind is.
quickly with hundreds of Merrill employees clerks, brokers, analysts, and techies in person, with thousands more linked worldwide by teleconference and workstation video hookups. Something unexpected happens.
Lynch from melting down. It is a sign of the times that this is the new benchmark of success. In just six weeks, Thain has raised $12. 8 billion in capital, begun to assemble a new management team, and applied a backhoe to the muck on the balance sheet. Now comes the hard part: restoring the company's shattered morale. That's why Thain opts to meet so Puma Creepers White Gum