By Winthrop H. Smith Jr
The attention-grabbing tale at the back of the corporate that revolutionized the monetary world Catching Lightning in a Bottle lines the entire historical past of Merrill Lynch and the company's immense influence 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 through bringing Wall highway to major road, working below a chain of instructions referred to as the rules. those values allowed the corporate to realize 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 financial system. Written by means of the son of Merrill Lynch co-founder Winthrop H. Smith, this publication describes the construction and evolution of the corporate from Charlie Merrill's one-man store in 1914 to its acquisition by means of financial institution of the US 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 industry and finally fell from its lofty perch.
- Learn why the before everything scoffed at Charles Merrill's "radical" funding ideas
- Discover the beginning of the rules, and the way they drove operations for almost a century
- Find out why the writer left a winning Wall highway profession, and why it used to be any such 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. whilst a unmarried association demonstrates either one of these features, it really is felt through the global. observe the interesting tale in the back of Merrill Lynch and the boys who equipped it from an insider's viewpoint in Catching Lightning in a Bottle.
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Additional info for Catching Lightning in a Bottle: How Merrill Lynch Revolutionized the Financial World
From this we can conclude that the center fielder’s baseball talent was above average, but just how far above is not known. At five foot four, he presented pitchers with a small strike zone and drew a lot of walks. What is certain is that he was one of the most popular players. He had a melon slice of a smile that crinkled the skin around intense, bleached-denim eyes. His teammates called him Merry Merrill, and he was the life of every party. ” Charles Edward Merrill was born on October 19, 1885, in Green Cove Springs, Florida, to Dr.
M. was compulsory. Academically, CEM was average. He showed some aptitude for mathematics, but none whatsoever for foreign language. At the end of his first year, his French professor offered to give him a passing grade on the condition that he not take French the following year. His best class was English, where he earned consecutive B’s in his final three semesters. He was honing a talent for writing clear, direct, concise, and occasionally eloquent prose that would show up much later in hundreds of business letters and memoranda.
Charlie numbered these days among the happiest in his life. Journalistic scruples were virtually nonexistent at this time, and CEM used every opportunity to promote the baseball team in print. ” On July 18, reporter Merrill wrote, “Decidedly the best baseball ever witnessed on the Poinciana diamond was the game played Monday afternoon, when West Palm Beach shut out St. ” 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.
Catching Lightning in a Bottle: How Merrill Lynch Revolutionized the Financial World by Winthrop H. Smith Jr