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MERRILL LYNCH: SEE NO EVIL?

机译:MERRILL LYNCH:没看到邪恶吗?

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When Enron Chief Financial Officer Andrew S. Fastow hired Merrill Lynch & Co. in 1999 to raise money for one of his now-notorious off-balance-sheet entities, he told the brokerage firm that he hoped to use the partnership, LJM2 Co-Investment LP, to launch his own investment business. Although Fastow was angling to become a competitor and his dual roles as Enron finance chief and LJM2 general partner made some Merrill Lynch officials uncomfortable, Merrill obliged. Not only did a Merrill private-equity sales team raise $265 million of the partnership's $387 million from its best clients―pension funds, wealthy individuals, and family trust funds―the firm invested $5 million and agreed to loan the partnership $10 million. And 97 Merrill executives personally kicked in $17.6 million. Among them, BusinessWeek has learned, were three members of Merrill's executive management team and at least six investment bankers who worked closely on Enron deals or supervised those who did. Chairman and CEO David H. Komansky and President and Chief Operating Officer E.Stanley O'Neal were not among the 97.
机译:当安然(Enron)首席财务官安德鲁·法斯托(Andrew S. Fastow)于1999年聘请美林证券(Merrill Lynch&Co.)为他现在臭名昭著的表外实体之一筹集资金时,他告诉经纪公司,他希望使用这种合伙企业LJM2 Co- Investment LP,开展自己的投资业务。尽管Fastow渴望成为竞争对手,并且他作为安然财务主管和LJM2普通合伙人的双重角色使一些美林公司的官员感到不自在,但美林却不得不这样做。美林私募股权销售团队不仅从其最佳客户-养老基金,富裕个人和家庭信托基金中筹集了2.87亿美元中的2.65亿美元,该公司还投资了500万美元并同意向该伙伴关系提供1000万美元的贷款。 97位美林高管亲自出资1,760万美元。据《商业周刊》了解,其中包括美林公司高管团队的三名成员和至少六名从事安然交易工作或监督其工作的投资银行家。董事长兼首席执行官David H.Komansky和总裁兼首席运营官E.Stanley O'Neal不在97位。

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