The memo landed on a Sunday in November. It was 2007, and securities backed by subprime mortgages were roiling markets and imperiling banks. Merrill Lynch CEO Stan O’Neal had just resigned under pressure, and Citigroup CEO Chuck Prince was rumored to be on his way out.
An article about the ousting of Stan O'Neal from Merrill Lynch has become one of an estimated 50,000 expunged from certain Google searches.
Here's an interesting stat on executive compensation.