He graduated from Auburn University in 1975 with a degree in industrial engineering. He then went on to work for Merrill Lynch, where he rose to become the CEO in 2002. He was forced to resign in 2007 due to the subprime mortgage crisis. His net worth is estimated to be $70 million.
Stan O'Neal is an American business executive with a net worth of $70 million. He was born in Roanoke, Alabama in 1951 and worked on a General Motors assembly line as a teenager. After graduating from Auburn University in 1975 with a degree in industrial engineering, he went on to work for Merrill Lynch, eventually becoming the CEO in 2002. However, he was forced to resign in 2007 due to the subprime mortgage crisis.
Stanley O'Neal is a member of Wall Street
💰Stanley O'Neal Net worth: $70 Million
He received his MBA from Harvard Business School in 1978 and rejoined GM as a Treasury Analyst. He became a director of the treasury division within two years. O'Neal joined Merrill Lynch in 1986 and ran their leveraged finance division. From 1998 to 2000 he served as the company CFO before being appointed president of the U.S. Private Client Group in 2000. In 2001 he became president of the firm and he was CEO and chairman by 2003. In 2006 Stanley made $48 million and he made $46 million in 2007. He was criticized for his performance while the firm deteriorated and O'Neal was ousted in September 2007 before the firm was sold to Bank of America. O'Neal also served as member of the board of directors of General Motors from 2001 to 2006 and is currently on the board of Alcoa. O'Neal received a severance package worth $161.5 million from Merrill Lynch. In July 2014 it was reported that an article O'Neal wrote for the BBC website in 2007 would no longer be able to be found by using Google Search in Europe.
