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• Stan O'Neal is the former CEO of Merrill Lynch. He was previously a member of the General Motors Board of Directors. He orginally joined Merrill Lynch in 1986, as and became the companies CFO in 1998. He was the firm's president by 2001, and in 2003 he became Chairman and CEO. He announced his retirement from the firm in 2007, following an announced $12.8 billion loss. Alberto Criboire was named interim CEO after he stepped down from his position on October 30, 2007. O'Neal left the firm with a compensation package valued at $161.5 million.

• Fast Facts

  1. Born: 1951
  2. Birthplace: Wedowee, Alabama
  3. Company: Merrill Lynch
  4. Alma-mater: General Motors Institute & Harvard Business School
  5. Occupation: Alcoa Inc. Director and Member of Audit Committee

• Key Dates

  Structure like a mini time line. Include the 5-10 of the most important dates in this person's life. For example:

  1. 1974: General Motors Institute Industrial Administration Degree
  2. 1978: MBA Harvard Business School
  3. 1986: Merrill Lynch division manager
  4. 1998: Merrill Lynch CFO
  5. 2001: Merrill Lynch President
  6. 2003: Merrill Lynch CEO & Chairman
  7. 2007: Retires

• Professional Profile

  O'Neil began as an analyst for General Motors, and quickly worked his way up to become the director of GM's treasury department. He joined Merrill Lynch at the age of 35. He worked as the lead of the leveraged finance division, and as the head of capital markets, before spending two years as the companies CFO. During O'Neil's tenure as CEO, the firm recorded a $9.8 billion profit in 2006, which translated to a $48 million payout for O'Neil.

• Fast Facts

  1. October 2007: Merrill Lynch reported a third-quarter net loss of $2.2 billion after writing off $8.4 billion of mortgages, collateralized debt obligations and loans
  2. Earlier in 2007: O'Neal and other Merrill executives said the subprime mortgage crisis appeared to be overblown
  3. Merrill elected [http: //www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=932234 Alberto Cribiore] as interim non-executive chairman
  4. Cribiore will head a search committee to find a new chief executive

• Related Mahalo Pages

  Stan O'Neal Quits | Merrill Lynch | Michael Bloomberg | General Motors

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