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Old Posted Nov 16, 2007, 12:41 PM
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http://downtownexpress.com/de_236/undercover.html

Silver’s namesake lining

November 16 - 22, 2007

Efforts to keep investment bank Merrill Lynch in Lower Manhattan were on hold “at least a little” while the company searched for a new C.E.O., Assembly Speaker Sheldon Silver told UnderCover Tuesday.

Now that John Thain, C.E.O. of NYSE Euronext, has been named to the post, Silver is hoping to convince Merrill Lynch to take advantage of incentives and relocate to the World Trade Center.

Stan O’Neal, Merrill’s recently sacked C.E.O., seemed to be the one pushing for an expensive move to Midtown.

Keeping Merrill Lynch would “guarantee the viability of Downtown as the financial capital of the world for the next 50 years,” Silver said.
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