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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (33307)	11/2/2000 4:24:47 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

Shareholder Ignorance Monetization at its finest: biz.yahoo.com Thursday November 2, 3:54 pm Eastern Time Merrill Lynch execs plan to sell $35 mln in stock WASHINGTON, Nov 2 (Reuters) - Two executive vice presidents at Merrill Lynch & Co. Inc. (NYSE:MER - news) intend to sell $35 million of stock in the U.S. investment bank, regulatory filings showed on Thursday. Stanley O'Neal and John Steffens plan to sell a combined 555,526 shares of common stock in the New York-based firm, according to filings made with the Securities and Exchange Commission. Steffens, unlike O'Neal, has sold Merrill Lynch stock in the last three months, the filings showed. Steffens sold 404,634 shares for $26.3 million. A spokesman said the shares were being sold for diversification and tax planning purposes. The SEC documents, which were filed on Oct. 27 and Oct. 30, did not indicate if the shares had been sold yet but show the executives had acquired the shares either after exercising options or through a long-term incentive compensation plan. Shares of Merrill Lynch were $1 higher at $69-1/2 on the New York Stock Exchange. They have a 52-week high of $74-1/2 and a low of $36-5/16.