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E. Stanley O'Neal Leaves Merrill Lynch

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E. Stanley O'Neal Leaves Merrill Lynch

E. Stanley O'Neal Leaves Merrill Lynch

E. Stanley O'Neal Leaves Merrill Lynch

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  • <iframe src="https://www.npr.org/player/embed/15799883/15799843" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The CEO resigned on Tuesday over accusations that he low-balled the impact of the sub-prime mortgage crisis on Merrill's cash flow, and went behind Merrill's board of trustees to schmooze Wachovia for a possible take over of his company.

Terri Cullen, author of the column "Fiscally Fit" for the Wall Street Journal Online, explains why it matters to you.