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Merrill Tees Up O'Neal

Stock quotes in this article: MER , BSC , LEH , C , NYX , BLK  

Updated from 9:30 a.m. EDT

Merrill Lynch (MER Quote) finally bid CEO Stan O'Neal adieu Tuesday, but it remains unclear who will next lead the firm.

Merrill said O'Neal "decided to retire from the company effective immediately." Merrill pledged to search for a full-time successor to O'Neal, who came under fire for a series of blunders at the brokerage house and for perhaps at times focusing a little too much on his golf game at the expense of the firm.

Merrill named an outside director, Brera Capital managing partner Alberto Cribiore, as its interim nonexecutive chairman. It left in place its co-presidents, Ahmass Fakahany and Gregory Fleming. ...

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