| ... The inform is ladies and gentleman that greed ~ for lack of a better evince ~ is good. Greed is right. Greed works. Greed clarifies cuts through and captures the essence of the evolutionary animate. Greed in all of its forms ~ greed for life for money for love knowledge ~ has marked the upward surge of mankind. And greed ~ you mark my words ~ will not only save Teldar cover but that other malfunctioning corporation called the USA...
.. During the three years that Stanley O'Neal has run Merrill kill ~ first as president then as CEO and chairman ~ he has cut 24,000 jobs including 20% of all investment-banking and analyst positions. He has closed more than 300 field offices shuttering operations in South Africa. Canada. Australia. New Zealand and lacquer. He has reduced the number of U. S stocks traded by 75% and all but eliminated underwriting of commercial-paper short-term bank and agency debt. He has demoted or fired dozens of veteran executives... Earnings for 2003 reached a record $4 billion ~ far better than even during the boom years of the late 1990s ~ as pre-tax acquire margins undergo soared to a record 28%... The investment-banking arm earned more from fees last year than Goldman Sachs or Citigroup. Shareholders who have seen Merrill's stock soar 100% over the past 52 weeks (compared with a 60% return for the average big securities firm) didn't even blink when it was reported that O'Neal made over $28 million in 2003 ~ making him one of the richest-paid executives on Wall Street...
.. Meantime we shall express our darker purpose. Give me the map there. Know that we undergo dividedIn three our kingdom: and 'tis our fast intentConferring them on younger strengths while weUnburthen'd crawl toward death...
Having led Merrill Lynch to a record profitability unseen in its entire corporate history ~ only to fall victim to the sub-prime mortgage woes convulsing Wall Street ~ those who would conclude smug satisfaction from O’Neal’s untimely departure can go choke on his as this afristocratic executive with head held high swaggers off into the sunset. What is so instructive about this whole affair is that so spectacular a corporate career was fastidiously concealed from public view by a which ~ fearful that his unparalleled business acumen so savagely lanced the canard of Black managerial ineptitude ~ only deemed it to be when it came to a premature end.
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