By Winthrop H. Smith Jr
The attention-grabbing tale in the back of the corporate that revolutionized the monetary world Catching Lightning in a Bottle strains the total heritage of Merrill Lynch and the company's gigantic impression at the international of finance, from the delivery 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 road, working below a sequence of directions often called the rules. those values allowed the corporate to achieve the belief of small traders by way of placing the consumers' pursuits first, riding a company trajectory that increased capital markets and fueled the expansion of the yankee post-war economic climate. Written by means of the son of Merrill Lynch co-founder Winthrop H. Smith, this ebook describes the production and evolution of the corporate from Charlie Merrill's one-man store in 1914 to its acquisition via 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 different viewpoint to endure in telling the tale of the corporate that democratized the inventory marketplace and at last 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 profitable Wall road occupation, and why it was once the sort of shrewdpermanent move
- Examine the tradition and values that outfitted Merrill Lynch into one of many world's such a lot winning and revered companies
progressive imaginative and prescient is unusual, and enduring good fortune is much more so. while a unmarried association demonstrates either one of these features, it really is felt during the international. realize the attention-grabbing tale at the back of Merrill Lynch and the lads who equipped it from an insider's viewpoint in Catching Lightning in a Bottle.
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Additional resources for Catching Lightning in a Bottle: How Merrill Lynch Revolutionized the Financial World
The August 1 edition described a road contest that was “the most exciting game ever played in Miami,” and contained this item on the front page: West Palm Beach is soon to have another drug store. Dr. Chas. M. , in which he will, some time in the month of August, open an up-to-date retail drug store. Dr. Merrill has had considerable experience in the drug business, having for a number of years successfully conducted a drug store in Green Cove Springs. He is now placing orders for his stock and fixtures, and will probably have his store open by the last of August.
And I am indebted to so many friends and colleagues who helped me along the way. Special thanks are due to Bill Ecenbarger, my partner in writing this history. His research and co-authorship were invaluable. Also special credit is due to Meg Drislane for her editorial skills, to Barb Justice for the design of the book, and to Susan Hemmeter, my executive assistant at Sugarbush. I also want to thank Bank of America for allowing us access to Merrill Lynch’s archives, which are now located in Charlotte, North Carolina.
CEM remained convinced for the rest of his life that the financial straits of the Merrill family had prevented his sister from getting the proper medical care that would have saved her life. He told his son a half-century later in a letter: “The fact my father knew how to save his daughter’s life, and yet, because of limited finances did not possess the equipment, crushed him. ” The other event was a happier one. He began dating Marie Sjostrom, a student at Smith College, which was a half-hour streetcar ride away in Northampton.