October 30, 2007: Stan O'Neal stepped down from his position as CEO at Merrill Lynch.
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References
Fast Facts
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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
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Earlier in 2007
O'Neal and other Merrill executives said the subprime mortgage crisis appeared to be overblown
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Merrill elected [http
//www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=932234 Alberto Cribiore] as interim non-executive chairman
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Fact:
Cribiore will head a search committee to find a new chief executive
