Merrill Lynch CEO Seeks Exit in Wake of Losses

By Jim Zarolli

Published October 29, 2007 at 4:00 PM EDT

Merrill Lynch CEO Stan O'Neal is on the verge of losing his job.

O'Neal's fate was sealed last week, when the company announced unexpectedly steep losses in the subprime mortgage collapse. And he reportedly angered some board members by initiating merger talks with Wachovia Bank without clearing it first.

If O'Neal does leave the company, he won't have to worry about putting food on the table. He's expected to walk away with a severance package that could top $200 million.

The independent journalism and non-commercial programming you rely on every day is in danger.

If you’re reading this, you believe in trusted journalism and in learning without paywalls. You value access to educational content kids love and enriching cultural programming.

Now all of that is at risk.

Federal funding for public media is under threat and if it goes, the impact to our communities will be devastating.

Together, we can defend it. It’s time to protect what matters.

Your voice has protected public media before. Now, it’s needed again. Learn how you can protect the news and programming you depend on.

Protect Connecticut Public

SOMOS CONNECTICUT is an initiative from Connecticut Public, the state’s local NPR and PBS station, to elevate Latino stories and expand programming that uplifts and informs our Latino communities. Visit CTPublic.org/latino for more stories and resources. For updates, sign up for the SOMOS CONNECTICUT newsletter at ctpublic.org/newsletters.

SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

The independent journalism and non-commercial programming you rely on every day is in danger.

Protect Connecticut Public