MER

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Cutting Wall St. Bonuses Doesn’t Work (MS)(MER)

John Thain of Merrill Lynch (MER) and John Mack of Morgan Stanley (MS) looked like men in hostage video tapes with guns held to their heads as they were forced ...
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Media Digest 12/9/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, The Tribune Company filed for Chapter 11.Reuters reports that Congress and The White House are close to a bill that would give Detroit modest loans.Reuters reports that ...
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Merrill Lynch (MER) CEO Will Seek No Bonus, Perhaps Board Will Reward Him Anyway

After it was reported that Merrill Lynch (MER) CEO John Thain was after a $10 million bonus he was viciously attacked by everyone from the media to NYS Attorney General ...
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Merrill Lynch’s (MER) Thain: The Only Man On Wall St. Who Earned His Pay

The board of Merrill Lynch (MER) is fighting with CEO John Thain over whether he should get a bonus. The board will probably win. It is the board. And, since ...
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Newspaper

Media Digest 12/5/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, car company executives went before Congress and pleaded for billions of dollars.Reuters reports that governments are bracing for a long crisis ahead. Reuters reports that Paulson says ...
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Media Digest 12/2/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, JP Morgan (JPM), Bank of America (BAC), and Merrill Lynch (MER) will cut a total of almost 20,000 jobs.Reuters reports that Boeing (BA) will sign a new ...
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Media Digest 11/27/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, markets in Asia and Europe ross about 2%Reuters reports that the downturn in the Chinese economy deepened.Reuters reports that BHP Billiton (BHP) was gloomy about its prospects ...
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Why Banks Lie: Because They Don’t Have An Answer (C)(BAC)(WFC)(JPM)(MS)(GS)(MER)

It was just this last summer that the heads of Merrill Lynch (MER), Lehman, and Morgan Stanley (MS) said the financial crisis had peaked and its energy was dissipating. It ...
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Data

Citigroup (C): Vikram Pandit’s Grand Strategy Of Cutting People

Perhaps it is a remarkable failure of imagination or just animal panic. A day after Citigroup (C) hit a multi-year low and spent time below $10, CEO Vikram Pandit's answer ...
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Media Digest 11/14/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, concerns about the global economy are growing as the G20 nations are meeting.Reuters says that Congress challenged banks on how they would use bailout funds.Reuters reports that ...
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Citigroup (C): Firing Vikram Pandit

Citigroup's (C) CEO Vikram Pandit has cemented his reputation as the worst CEO of the new breed of men who replaced the remarkably careless and callous executives who ran Citi, ...
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Goldman Sachs (GS) Tells Wall St. To Mind Its Own Business

Rumors that Goldman Sachs (GS) will have to raise more money have helped push its stock from $123 less than a month ago to $71 yesterday.Wall St. wants to believe ...
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Media Digest 11/12/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Chrysler is running out of time and options for staying in business.Reuters reports that American Express (AXP) is seeking $3.5 billion from the government bailout fund.Reuters writes ...
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Merrill

Merrill Lynch (MER) CEO Slips Blame By Calling Current Environment Similar To Depression

John Thain of Merrill Lynch (MER) spent most of his time at the financial firm saying that the markets would improve as would the fortunes of his company. He was ...
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Is Citigroup (C) The Exception Or The Rule?

Goldman Sachs repeated its opinion that Citigroup (C) is a "sell" and probably would not make a cent until late in 2009. Goldman claims that credit markets are too tough ...
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