Skip to main content
Article thumbnail
Location of Repository

Case Study of the Bank of America and Merrill Lynch Merger

By Robert J. Rhee

Abstract

This is a case study of the Bank of America and Merrill Lynch merger. It is based on the article, Fiduciary Exemption for Public Necessity: Shareholder Profit, Public Good, and the Hobson’s Choice during a National Crisis, 17 Geo. Mason L. Rev. 661 (2010). The case study analyzes the controversial events occurring between the merger signing and closing. It reviews in depth the circumstances under the federal government threatened to fire the board and management of Bank of America unless it consummated the Merrill Lynch acquisition. Among other issues, this case study raises the questions: (1) what is the role of a private firm during a public crisis? (2) what are the responsibilities of the board? (3) what is the role of government and how should it treat private firms? This case study can be used in corporate ethics classes in business schools, or business associations classes in law schools

Topics: Bank of America, Merrill Lynch, public crisis, financial crisis, corporate social responsibility, corporate ethics, Banking and Finance Law
Publisher: DigitalCommons@UM Carey Law
Year: 2010
OAI identifier: oai:digitalcommons.law.umaryland.edu:fac_pubs-1939
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://digitalcommons.law.umar... (external link)
  • http://digitalcommons.law.umar... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.