A Quote by Bethany McLean

So Merrill Lynch has launched its first campaign in years to advertise the accomplishments of its investment banking business. The ads feature things like Merrill's recapitalization of Sierra Pacific. I guess including "helping Enron achieve its earnings goals in 1999" might be a little awkward given that Merrill Lynch bankers are currently on trial in Houston for that "accomplishment."

Bethany McLean

Quote Topics

Accomplishment Accomplishments Achieve Ads Awkward Bankers Banking Business Campaign Currently Earnings Enron Feature First Given Goals Guess Helping Houston Including Investment Investment Banking Like Like Me Little Might Pacific Sierra Things Trial Years

Quote Author

Bethany McLean
American - Editor
Born: December 12, 1970

My low point was after being reorganized out of running Merrill Lynch. That dismissal deeply contradicted my sense of fairness, since, at the time, my team and I had done what we were brought in to do: We had turned Merrill Lynch around from the depths of the financial crisis.

Sallie Krawcheck

I used to work as a proofreader at Merrill Lynch.

Sam Trammell

Merrill Lynch is this hugely prestigious brand.

Charles Duhigg

My dad works for Merrill Lynch so I'm in good hands there.

Brad Rutter

I was in the equity-trading department at Merrill Lynch. I was there in 1987 when the market crashed.

Terence Winter

It is not easy to get rich in Las Vegas, at Churchill Downs, or at the local Merrill Lynch office.

Paul Samuelson

You can no longer buy commodities at Merrill Lynch. My guess is many analysts and even executives are too young to know how profitable a hot commodities market can be. They will soon.

Jim Rogers

For seven years after college, I was a waitress at the Buttercup Bakery in Berkeley, and from there I got a job at Merrill Lynch as an account executive, from where I went to vice president of investments for Prudential-Bache Securities. I started my own firm in 1987.

Suze Orman

In 1987, Merrill Lynch asked me to open a Swiss capital markets operation. I was 27. In hindsight, I was lucky enough to start a business from scratch. And I mean from zero - no offices, even, just a space with walls between different areas. We decided to tear down the walls.

Sergio Ermotti

Hey, guess what? Turns out the free market? Not so free. Wall Street was hit hard Monday when Lehman Brothers filed for bankruptcy, Merrill Lynch was sold to Bank of America, and insurance giant AIG neared a collapse of its own. Basically, if your commercials air during golf tournaments, you're done.

Amy Poehler

What the American people don't understand is how Merrill Lynch or AIG or Lehman Brothers can reward people, and the entity fails. Not only do the shareholders lose, but the entities lose.

Richard Grasso

In truth, it's not the shareholders of the American International Group who benefited most from its bailout; they were mostly wiped out. The great beneficiaries have been the creditors and counterparties at the other end of A.I.G.'s derivatives deals - firms like Goldman Sachs, Merrill Lynch, Deutsche Bank, Societe Generale, Barclays and UBS.

Tyler Cowen

[The U.S. Treasury] can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time. So when Merrill Lynch sells a bunch of mortgage-related assets at 22 cents on the dollar like they did a month or so ago, the buyer goes - is going to make money, and he's going to make a lot more money if it happens to be an institution like the U.S. government which has very, very cheap borrowing costs.

Warren Buffett

The dirty little secret of what used to be known as Wall Street securities firms-Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers, and Bear Stearns-was that every one of them funded their business in this way to varying degress, and every one of them was always just twenty-four hours away from a funding crisis. The key to day-to-day survival was the skill with which Wall Street executives managed their firms' ongoing reputation in the marketplace.

William D. Cohan

The most essential thing for us was to get the business model right, then put the world-class technology under it to support it. At Merrill, that meant not doing what people expected.

John McKinley

When I was seven years old, I fell in love with a series published by Bobbs-Merrill called 'The Childhood of Famous Americans.' In it, historical figures like Clara Barton, Nancy Hanks, Elias Howe, Patrick Henry, and dozens more came to life for me as children.

Ann Hood

A Quote by Bethany McLean

Quote Topics

Quote Author

Related Quotes

Related Authors