Stan O'Neal is supposedly meeting at the close with the board of Merrill to negotiate his severance package. According to the media reports, his agreement does not include a package. However, no one expects him to be fired or to resign without a multi-million dollar package.
Interesting comment by an analyst this afternoon on the O'Neill turmoil - the termination of O'Neal is not enough, and the analyst said that what Merrill needs is "a clean sweep of the executive suite."
