The rise and ruin of Merrill Lynch

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CATCHING LIGHTNING IN A BOTTLE How Merrill Lynch Revolutionised the Financial World Winthrop H Smith Jr with William Ecenbarger John Wiley & Sons 600 pages; Rs 599 In August 1974, Winthrop Smith Jr joined Merrill Lynch & Co - which his late father, Winthrop Smith Sr, had co-led for 21 years - as an entry-level investment banking associate and, by 2001, had become executive vice-president of the firm and chairman of Merrill Lynch International, its global arm. But in October that year Mr Smith decided to retire and start a ski resort, because he believed that Stanley O'Neal, the new ...

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The rise and ruin of Merrill Lynch