The biggest name this morning online is Alberto Cribiore (pictured far right) from the world of money, big money.

Merrill Lynch Chief Executive Stanley O’Neal has stepped down, now leaving board member Cribiore to head the search for Merrill’s new Chief.

Merrill described O’Neal’s departure as retirement. “Mr. O’Neal and the board of directors both agreed that a change in leadership would best enable Merrill Lynch to move forward”
said Merrill.

“I have been very fortunate to spend the past 21 years at Merrill Lynch,” O’Neal said in a statement. “The company has provided me with opportunities that I never could have imagined growing up, culminating with my leadership of the company over the past five years.”

Source: ML