WebAs recent examples, consider the plight of Citigroup, Merrill Lynch, and Bank of America. When their chief executives left abruptly, the board of directors had to scramble to find replacements because there were succession plans were not in place. Other large firms, such as Morgan Stanley, Coca-Cola, Home Depot, and Hewlett-Packard also botched ... WebDec 30, 2024 · Citigroup lost nearly $20 billion in 2008, and its stock remains a former cry from the levels it traded at prior to the crisis. ... John Thain took over as CEO of Merrill Lynch and quickly became ...

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WebOct 12, 2024 · Text. Bill Butler spent 14 years at Citi Private Bank in San Francisco, where he oversaw more than $17 billion in client assets. He liked the firm and his co-workers, … WebCitigroup, like Merrill, got stuck with about $40 billion in mortgage guarantees and a huge inventory of crummy mortgages. If you set out to destroy a premier banking franchise, you couldn’t do ... how big was the christchurch earthquake 2011

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WebApr 28, 2003 · The strongest language was reserved for CSFB, Merrill Lynch and Citigroup's Salomon Smith Barney unit, which the regulators say issued "fraudulent" research reports. That could open the banks to ... WebDec 15, 2007 · The main cause of the messes at Citigroup and Merrill Lynch is their boards’ failures to develop authentic leaders and succession plans. ... The board of Merrill Lynch (MER), meanwhile, moved rapidly to snag John Thain. With his deep understanding of markets and risk gained at Goldman Sachs (GS), Thain is the right leader to bring … WebApr 28, 2003 · The strongest language was reserved for CSFB, Merrill Lynch and Citigroup's Salomon Smith Barney unit, which the regulators say issued "fraudulent" … how big was the city of rome