Comments on: Chaotic BofA http://blogs.reuters.com/felix-salmon/2009/09/09/chaotic-bofa/ A slice of lime in the soda Sat, 18 May 2013 23:43:55 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: Grrrr... http://blogs.reuters.com/felix-salmon/2009/09/09/chaotic-bofa/comment-page-1/#comment-6550 Grrrr... Wed, 09 Sep 2009 17:09:50 +0000 http://blogs.reuters.com/felix-salmon/2009/09/09/chaotic-bofa/#comment-6550 Follow the real puppeteers Felix: Ed Herlihy and the Wachtell boys must be protected. Cuomo manages to write a 7-page letter that never mentions BofA's primary outside counsel during the Merrill deal. William Cohan in his big story on the BofA/Merrill merger in The Atlantic, notes in one paragraph that Herlihy was a big factor in making it happen. Yet curiously he never bothers to discuss Herlihy or the role of Wachtell again. Interesting...maybe an intrepid reporter could look deeper into this. Also recall that it was Wachtell (via a NYTimes story on the Merrill merger) that pressed for John Thain's bonus package to get set in stone. Whose Thain? Yep, that guy that helped Wachtell earns hundreds of millions of dollars in fees for the NYSE deal (or should I say deals, Euronext, etc.). Curious why Wachtell would be so hot to worry about the head guy on the OTHER side of the negotiating table...except for the fact that Wachtell believed Thain would inherit the BofA blob and continue the happy marriage between dealmaker and deal lawyer. Follow the real puppeteers Felix: Ed Herlihy and the Wachtell boys must be protected. Cuomo manages to write a 7-page letter that never mentions BofA’s primary outside counsel during the Merrill deal.

William Cohan in his big story on the BofA/Merrill merger in The Atlantic, notes in one paragraph that Herlihy was a big factor in making it happen. Yet curiously he never bothers to discuss Herlihy or the role of Wachtell again.

Interesting…maybe an intrepid reporter could look deeper into this. Also recall that it was Wachtell (via a NYTimes story on the Merrill merger) that pressed for John Thain’s bonus package to get set in stone. Whose Thain? Yep, that guy that helped Wachtell earns hundreds of millions of dollars in fees for the NYSE deal (or should I say deals, Euronext, etc.). Curious why Wachtell would be so hot to worry about the head guy on the OTHER side of the negotiating table…except for the fact that Wachtell believed Thain would inherit the BofA blob and continue the happy marriage between dealmaker and deal lawyer.

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