Crash of the Titans

Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America

Tag archive for ‘Eric Heaton’

  • Excerpts “Crash of the Titans” today excerpts a key time period in "Crash of the Titans" — the events in October 2007 that led to the dismissal of then Merrill Lynch CEO Stan O'Neal (at right). You can read the full excerpt here, or read the excerpt of the excerpt, below:  "On the morning of Friday, October 5, the [...]

Author, Greg Farrell

GREG FARRELL is a correspondent for the Financial Times. In January 2009, he broke the news that Merrill Lynch had paid out its 2008 bonuses a month ahead of schedule, in December, even though Merrill was in the process of losing $28 billion for the year, and Bank of America needed an extra $20 billion in taxpayer funds to complete its acquisition of the firm. That story sparked an investigation by New York attorney general Andrew Cuomo. Greg is a past winner of the American Business Press’s Jesse Neal Award for investigative reporting and a recipient of the Knight-Bagehot Fellowship for business journalism. He earned a BA from Harvard University and an MBA from the Graduate School of Business at Columbia University.

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