E. Stanley O'Neal Leaves Merrill Lynch

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.

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