(This is the funniest and most accurate headline I have encountered on the net).
~rave! Merrill Lynch Lost $8 Billion; Black CEO Had to Go He Took $160 Million With Him Black Press International, Commentary, William Reed, Posted: Nov 07, 2007 Editor's note: Among his other interests, William Reed is also the publisher of Who's Who in Black Corporate America. Stanley O'Neal was the first black American to take the helm of a major Wall Street firm. Now, gone from the scene, E. Stanley O'Neal's life's journey from a farm in Alabama to the top of the food chain on Wall Street was an uncommon rise that culminated in an all-too- familiar fall. Rising from an impoverished childhood on a small-town cotton farm in Alabama, O'Neal became Merrill Lynch's CEO in 2002. Grandson of a slave, Stan O'Neal's background sets him apart from the rest of Wall Street's elite. A former assembly line worker in a General Motors plant, O'Neal was selected for the General Motors Institute. From there, he won a scholarship to Harvard Business School and went on to GM's treasury department in New York. In 1986, he was recruited by Merrill Lynch. http://news.newamericamedia.org/news/view_article.html? article_id=dc1d65e6728eac22ba80baf5015dfc1f
