By Winthrop H. Smith Jr
The attention-grabbing tale at the back of the corporate that revolutionized the monetary world Catching Lightning in a Bottle lines the whole heritage of Merrill Lynch and the company's huge influence at the global of finance, from the beginning of the once-mighty corporation to its inauspicious finish. all through its ninety-four yr historical past, Merrill Lynch revolutionized finance by way of bringing Wall highway to major highway, working lower than a chain of guidance referred to as the rules. those values allowed the corporate to achieve the belief of small traders via placing the consumers' pursuits first, riding a enterprise trajectory that increased capital markets and fueled the expansion of the yank post-war financial system. Written via the son of Merrill Lynch co-founder Winthrop H. Smith, this e-book describes the production and evolution of the corporate from Charlie Merrill's one-man store in 1914 to its acquisition by way of financial institution of the USA in 2008.
writer Winthrop H. Smith Jr. spent twenty-eight years on the corporation his father co-founded, bringing a distinct viewpoint to undergo in telling the tale of the corporate that democratized the inventory marketplace and finally fell from its lofty perch.
- Learn why the firstly scoffed at Charles Merrill's "radical" funding ideas
- Discover the beginning of the foundations, and the way they drove operations for almost a century
- Find out why the writer left a winning Wall highway occupation, and why it was once this type of clever move
- Examine the tradition and values that outfitted Merrill Lynch into one of many world's so much profitable and revered companies
progressive imaginative and prescient is uncommon, and enduring good fortune is much more so. while a unmarried association demonstrates either one of these features, it really is felt in the course of the global. notice the interesting tale at the back of Merrill Lynch and the lads who equipped it from an insider's point of view in Catching Lightning in a Bottle.
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Extra resources for Catching Lightning in a Bottle: How Merrill Lynch Revolutionized the Financial World
A few weeks later, he received with delight and relief a telegram from Uncle Augustus informing him that he had a summer job as Shaw’s center fielder if he wanted it. So he went to Mississippi and spent the summer doing what he loved best. At the end of the season, the people of Shaw gave their popular center fielder a going-away party. Earlier, they’d taken up a collection that paid for a one-way rail ticket to New York, and CEM wasted no time getting moving. The very next day found him heading north on the Yazoo and Mississippi Valley Railroad.
Dan Tully, Komansky’s predecessor, capsulized these Principles and now they were displayed prominently in every Merrill Lynch office throughout the world. In our foreign offices, they were written in the local language. And they were etched in the concrete of our headquarters in New York: CLIENT FOCUS RESPECT FOR THE INDIVIDUAL TEAMWORK RESPONSIBLE CITIZENSHIP INTEGRITY Tully revered them and always referenced the Principles whenever we had to make difficult decisions. ” But when I asked O’Neal about them, his face distorted with anger and I could see the arteries throbbing in his neck.
Merrill, for the first time in his life, was an eager student.
Catching Lightning in a Bottle: How Merrill Lynch Revolutionized the Financial World by Winthrop H. Smith Jr