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Tuesday, October 09, 2007

E. Stanley O'Neal Will Provide Money For Energy Projects

Update (10-29-07) Mr. O'Neal has agreed to a retirement package from the board. He had a very good run but the downturn in the market seems to have caught up with him. We could use your help Mr. O'Neal.

Although Blacks do not own any* energy infrastructure in the United States, one runs a firm where the energy boys get their money. E. Stanley O'Neal is Chairman, President and Chief Executive Officer of Merrill Lynch, America's #1 stock-brokerage firm and one of the world's leading personal and institutional financial management and advisory firms with offices in 35 countries and total client assets of $1.5 trillion. We wonder if he has any ideas for creating more African American ownership of energy companies.

Before joining Merrill Lynch, Mr. O'Neal, 56, was employed at General Motors Corporation in New York and Madrid. He held a number of financial positions at the company, including general assistant treasurer in New York, responsible for mergers, acquisitions, and domestic financing activities. A resident of New York City, Mr. O'Neal received a master's of business administration with distinction in Finance from Harvard University. He is married with two children.

Apparently, in addition to being fair in its hiring and promotion practices, Merrill is also green:

* There is one offshore oil exploration company in the U.S. owned and operated by a Nigerian.

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