Merrill Lynch in 2004 - Restructuring and Beyond |
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» Human Resource and Organization Behavior Case Studies Collection Please note: This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source. |
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“Today's business landscape is dominated by an atmosphere of cynicism and potential retribution; the message seems to be that risk is bad. If we attempt to eliminate risk, the result will be, ultimately, economic stagnation or perhaps even economic failure."1 - E. Stanley O'Neal, Chairman, Chief Executive, and President Merrill Lynch & Co., Inc. "Stan was made CEO at the ultimate moment of truth. Our world was imploding, and he had the courage to make difficult decisions. If that's not heroic, I don't know what is."2 - Gorman, head of Merrill's retail brokerage. Introduction
1] Thomton, Emily. “The New Merril Lynch,” Business Week, 5th May 2003, Issue 3831, pp. 80-85. |
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