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Firing of Merrill Lynch CEO is not about race!

The USA Today wins the prize for the Lamest Commentary to Date on the probable ousting of Merrill Lynch (NYSE: MER) CEO Stanley O'Neal:

If Merrill Lynch ousts Stanley O'Neal as expected, it will be seen as a standstill in the steps made by African-American CEOs over the last eight years, but the setback will only be temporary, say those who follow such progress.

What? Why would this be a standstill for African-American CEOs? I would argue that this is more like a standstill for CEOs who lose $7.9 billion on subprime mortgages.... then negotiate mergers behind the backs of their directors.

And is that really something that should be lamented?

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Last updated: February 12, 2012: 10:46 AM

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