Internet killed the Wall Street star
“At this point in my life and career I realize that this is an opportune time to make a change.” So said Herb Allison as he resigned from Merrill last month. No-one believed it. Nor were they meant to.
It may be no more than a coincidence that Allison, who had been at the bank for 28 years and who as president and chief operating officer was the heir apparent to CEO David Komansky, quit just as Euromoney‘s analysis of the tumultuous year at the US investment bank hit the stands.
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