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The rise and ruin of 'Mother Merrill'

CATCHING LIGHTNING IN A BOTTLE How Merrill Lynch Revolutionised the Financial World Winthrop H Smith Jr with William Ecenbarger John Wiley & Sons 600 pages; Rs 599 In August 1974 Winthrop Smith Jr joined Merrill Lynch & Co -- which his late father, Winthrop Smith Sr, had co-led for 21 years -- as an entry-level investment banking associate and, by 2001, had become executive vice president of the firm and chairman of Merrill Lynch International, its global arm. But in October that year Mr Smith decided to end his Wall Street career to start a ski resort, because he believed that Stanley ...