Entries tagged "post-merger integration"
Probably the most closely watched post-merger integration going on right now (especially on Wall Street) is the absorption of Merrill Lynch & Co. -- and especially its crown jewel wealth management division -- by Bank of America Corp. So it was naturally big news Tuesday when Merrill said Robert McCann, leader of Merrill's nearly 17,000 brokers, would be leaving. Is his departure a case of culture clash or simply a turf battle issue? Dealscape's affiliate Corporate Dealmaker attempts to answer the pressing question.See Corporate Dealmaker: Broker boss bails at BofA: Culture clash or turf battle? ...
Bank of America Corp. CEO Ken Lewis is focusing on keeping the luster of the Merrill Lynch & Co. brokerage unit he once described as the "the crown jewel." He's gone so far as allowing any of the 15,500 Merrill brokers to leave BofA without facing legal action, according to Bloomberg....
