Merrill Lynch & Co. to Reorganize: The...
From Times staff and Wire reports
Merrill Lynch & Co. to Reorganize: The nation’s biggest securities firm announced a sweeping management overhaul that could lead to several hundred job cuts. The reorganization replaces Merrill’s separate consumer and capital markets groups with six business divisions, eliminating a structure in place since 1984. It also creates a mechanism for the replacement of Chairman and Chief Executive William A. Schreyer, who will retire in 1993 at 65.
