Misplaced Pages

#644355

96-487: Most failed to live up to their promotion. However, a small number of the selections went on to become major movie stars: Colleen Moore (1922), Jobyna Ralston (1923), Clara Bow (1924), Janet Gaynor (1926), Fay Wray (1926), Dolores del Rio (1926), Dolores Costello (1926), Mary Astor (1926), Joan Crawford (1926), Loretta Young (1929), Jean Arthur (1929), Joan Blondell (1931) and Ginger Rogers (1932). Gaynor, Astor, Crawford, Young and Rogers all were awarded

192-552: A credit card . In 1978, it significantly buttressed its securities underwriting business by acquiring White Weld & Co. , a small but prestigious old-line investment bank. In the late 1990s, Maxim Shashenkov ( Russian : Максим Шашенков ), who was in charge of Alfa-Bank 's Alfa Securities Ltd, London, of the Alfa Group of companies, was formerly Vice President for Russia of the London branch of Merrill Lynch. In 1990,

288-506: A gay employee who was called a “stupid fag” by another employee. In August 2013, the company agreed to pay $ 160 million to settle a class action racism lawsuit brought by a longtime U.S. employee in 2005. At the time the lawsuit was filed, 2% of the brokers at the company were black , despite a 30-year-old consent decree it had signed with the EEOC that required the company to increase its proportion of black brokers to 6.5%, and despite

384-413: A $ 10 million (~$ 15 million in 2023) civil penalty to settle allegations of improper activities at the firm's Fort Lee, New Jersey office. Three financial advisors, and a fourth who was involved to a lesser degree, placed 12,457 trades for Millennium Partners, a client, in at least 521 mutual funds and 63 mutual fund sub-accounts of at least 40 variable annuities. Millennium made profits in over half of

480-477: A $ 5.1 billion loan. In April 2009, bond insurance company MBIA sued Merrill Lynch for fraud and five other violations. These were related to the credit default swap "insurance" contracts Merrill had bought from MBIA on four of Merrill's mortgage-based collateralized debt obligations . These were the "ML-Series" CDOs, Broderick CDO 2, Highridge ABS CDO I, Broderick CDO 3, and Newbury Street CDO. MBIA claimed, among other things, that Merrill defrauded MBIA about

576-578: A 70.1% premium over the September 12 closing price or a 38% premium over Merrill's book value of $ 21 (~$ 30.00 in 2023) a share, but a discount of 61% from its September 2007 price. Congressional testimony by Bank of America CEO Kenneth Lewis , as well as internal emails released by the House Oversight Committee , indicated that the merger was transacted under pressure from federal officials, who said that they would otherwise seek

672-412: A Philadelphia-based brokerage firm in which both Merrill Lynch and E.A. Pierce held an interest. and was briefly known as Merrill Lynch, E. A. Pierce, and Cassatt. The company became the first on Wall Street to publish an annual fiscal report in 1941. In 1941, Merrill Lynch, E. A. Pierce, and Cassatt merged with Fenner & Beane, a New Orleans–based investment bank and commodities company. Throughout

768-428: A bolted door, a panic-stricken little human animal, who had not known before that there was aught but kindness in the world." About the time her first six-month contract was extended an additional six months, she requested and received five weeks' release to do a film for Universal 's Bluebird division, released under the name The Savage . This was her fourth film, and she was only needed for two weeks. Upon her return to

864-488: A cabinet that held her collection of miniature furniture. It was supposedly built from a cigar box. Kitty Lorgnette wrote in the edition of The Evening News (Tampa, Florida) for Saturday, August 13, 1938, that the first dollhouse was purchased by Oraleze O'Brien (Mrs. Frank J. Knight) in 1916 when Moore (then Kathleen) left Tampa. Oraleze was too big for dollhouses, however, and she sold it again after her cat had kittens in it, and from there she lost track of it. The third house

960-493: A chaperone. Moore wrote that while she had a crush on Mix, he only had eyes for her mother. The Wilderness Trail was a Fox Film Corporation production, and while it had started production earlier, it would not be released until after The Busher , which was released on May 18. The Busher was an H. Ince Productions- Famous Players–Lasky production; it was a baseball film whose hero was played by Charles Ray . The Wilderness Trail followed on July 6, another Fox film. The Man in

1056-555: A contract with Selig Polyscope . She was very likely at work on A Hoosier Romance before The Savage was released in November. After A Hoosier Romance , she went to work on Little Orphant Annie . Both films were based upon poems by James Whitcomb Riley , and both proved to be very popular. It was her first real taste of popularity. Little Orphant Annie was released in December. The Chicago Daily Tribune wrote of Moore, "She

SECTION 10

#1732776877645

1152-591: A division for investment and related services, including call center counsultancy. Prior to 2009, the company was publicly owned and traded on the New York Stock Exchange . Merrill Lynch & Co. agreed to be acquired by Bank of America on September 14, 2008, at the height of the 2007–2008 financial crisis , the same weekend that Lehman Brothers was allowed to fail . The acquisition was completed in January 2009 and Merrill Lynch & Co., Inc.

1248-498: A family; it was one of her goals. Plans for the trip were put in jeopardy when she injured her neck during the filming of The Desert Flower . Her injury forced the production to shut down while Moore spent six weeks in a body cast in bed. Once out of the cast, she completed the film and left for Europe on a triumphal tour. When she returned, she negotiated a new contract with First National. Her films had been great hits, so her terms were very generous. Her first film upon her return to

1344-537: A featured exhibit at the Museum of Science and Industry in Chicago since October 30, 1949, where, according to the museum, it is seen by 1.5 million people each year and would be worth $ 7 million. Moore continued working on it and contributing artifacts to it until her death. This dollhouse was the eighth one Moore owned. The first dollhouse, she wrote in her autobiography Silent Star (1968), evolved from

1440-509: A film of and solve the murder of William Desmond Taylor . In that book she is recalled as having been a successful real estate broker in Chicago and partner in the investment firm Merrill Lynch after her film career. At the height of her fame, Moore was earning $ 12,500 per week. She was an astute investor, and through her investments, remained wealthy for the rest of her life. In her later years she would frequently attend film festivals, and

1536-706: A film within the film; the framing film was a comedy vehicle for Chic Sales. The film it framed was a spoof on films of the time. 1922 proved to be an eventful year for Moore; she was named a WAMPAS Baby Star during a "frolic" at the Ambassador Hotel which became an annual event, in recognition of her growing popularity. In early 1922, Come On Over was released, made from a Rupert Hughes story and directed by Alfred E. Green . Hughes directed Moore himself in The Wallflower , released that same year. In addition, Neilan introduced her to John McCormick ,

1632-422: A group of young actresses who were under contract at major studios that they felt were on the threshold of stardom. Awardees were honored at a party called the "WAMPAS Frolic" and were given extensive media coverage. The awards were not given in 1930 and 1933 due to objections from independent film studios. When the campaign was revived in 1934, freelance actresses, along with studio contract players, were included as

1728-413: A hiatus from acting between 1929 and 1933, just as sound was being added to motion pictures. After she returned, her four sound pictures released in 1933 and 1934 were not financial successes. She then retired permanently from screen acting. After her film career, Moore maintained her wealth through astute investments, becoming a partner of Merrill Lynch . She later wrote a "how-to" book about investing in

1824-570: A lavish home at 345 St. Pierre Road in Bel Air , where they hosted parties for and were supporters of the U.S. Olympic team, especially the yachting team, during the 1932 Summer Olympics held in Los Angeles. In 1934, Moore, by then divorced from Albert Parker Scott, returned to work in Hollywood. She appeared in three films, none of which was successful, and Moore retired. Her last film

1920-481: A means of leveraging her husband back into a position at First National. It worked, and McCormick found himself as Moore's sole producer. Moore's popularity allowed her productions to become very large and lavish. Lilac Time was one of the bigger productions of the era, a World War I drama. A million dollar film, it made back every penny spent within months. Prior to its release, Warner Bros. had taken control of First National and were less than interested in maintaining

2016-470: A number of title changes before being released as Flirting with Love in August. In October, First National purchased the rights to Sally for Moore's next film. It would be a challenge, as Sally was a musical comedy. In December, First National purchased the rights to Desert Flower and in so doing had mapped out Moore's schedule for 1925: Sally would be filmed first, followed by The Desert Flower . By

SECTION 20

#1732776877645

2112-479: A publicist who had had his eye on Moore ever since he had first seen her photograph. He had prodded Marshall into an introduction. The two hit it off, and before long they were engaged. By the end of that year, three more of her films were released: Forsaking All Others , The Ninety and Nine , and Broken Chains . Look Your Best and The Nth Commandment were released in early 1923, followed by two Cosmopolitan Productions, The Nth Commandment and Through

2208-489: A quick lesson essentially consisting of how to mount the horse and how to hold on. On May 3, 1917, the Chicago Daily Tribune said: "Colleen Moore contributes some remarkable bits of acting. She is very sweet as she goes trustingly to her bandit hero, and, O, so pitiful, when finally realizing the character of the man, she goes into a hysteria of terror, and, shrieking 'Daddy, Daddy, Daddy!' beats futilely on

2304-580: A report to the Finance Ministry, the Merrill Lynch group said it had acquired a 7.54% stake in TMS by purchasing 3.33 million shares. Merrill Lynch purchased the stake purely for investment purposes and had no intention of acquiring control of the firm's management. In November 2007, Merrill Lynch announced it would write-down $ 8.4 billion (~$ 11.9 billion in 2023) in losses associated with

2400-432: A stage created from a piano packing crate. Her aunts, who doted on her, indulged her other great passion and often bought her miniature furniture on their many trips, with which she furnished the first of a succession of dollhouses. Moore's family summered in Chicago , where she enjoyed baseball and the company of her Aunt Lib (Elizabeth, who changed her name to "Liberty", Lib for short) and Lib's husband Walter Howey . Howey

2496-527: A television production company with King Vidor, with whom she had worked in the 1920s. She published two books in the late 1960s, How Women Can Make Money in the Stock Market (1969) and her autobiography , Silent Star: Colleen Moore Talks About Her Hollywood (1968). She also figures prominently alongside Vidor in Sidney D. Kirkpatrick 's book, A Cast of Killers , which recounts Vidor's attempt to make

2592-764: Is an American investment management and wealth management division of Bank of America . Along with BofA Securities , the investment banking arm, both firms engage in prime brokerage and broker-dealer activities. The firm is headquartered in New York City , and once occupied the entire 34 stories of 250 Vesey Street , part of the Brookfield Place complex in Manhattan . Merrill employs over 14,000 financial advisors and manages $ 2.8 trillion in client assets ($ 3.4 trillion for Global Wealth and Investment Management). The company also operates Merrill Edge ,

2688-411: Is going to change it—and thereby honor the man who has been largely responsible for making the name of a brokerage house part of an American saga," Winthrop H. Smith , who had been running the company since 1940. The merger made the company the largest securities firm in the world, with offices in more than 98 cities and membership on 28 exchanges. At the start of the firm's fiscal year on March 1, 1958,

2784-583: The Academy Award for Best Actress during their careers, with Gaynor receiving the first one during the first year of the award's existence. Clara Bow was a Silent era star known as The It Girl . She was Hollywood's greatest female draw at her peak and her final film was in 1933. Bow was also in the first movie to receive the Academy Award for Outstanding Picture, Wings , in 1929. Arthur and Blondell had long and fruitful careers in Hollywood,

2880-407: The New York Stock Exchange allowed member firms to become publicly-owned. It was a multinational corporation with over US$ 1.8 trillion in client assets operating in more than 40 countries around the world. In 1977, the company introduced its Cash management account (CMA), which enabled customers to transfer all their cash into a money market fund , and included check-writing capabilities and

2976-432: The silent film era. Moore became one of the most fashionable (and highly-paid) stars of the era and helped popularize the bobbed haircut . Although Moore was a huge star in her day, approximately half of her films are now considered lost, including her first talking picture from 1929. What was perhaps her most celebrated film, Flaming Youth (1923), is now mostly lost as well, with only one reel surviving. Moore took

WAMPAS Baby Stars - Misplaced Pages Continue

3072-570: The subprime mortgage crisis , and terminated E. Stanley O'Neal as its chief executive. O'Neal had earlier approached Wachovia for a merger, without prior Board approval, but the talks ended after O'Neal's dismissal. Merrill Lynch named John Thain as its new CEO that month. In his first days at work in December 2007, Thain made changes in Merrill Lynch's top management, announcing that he would bring in former New York Stock Exchange (NYSE) colleagues such as Nelson Chai as CFO and Margaret D. Tutwiler as head of communications. Later that month,

3168-585: The 1930s, Fenner & Beane was consistently the second largest securities firm in the U.S. The combined firm, which became the clear leader in securities brokerage in the U.S., was renamed Merrill Lynch, Pierce, Fenner & Beane. In 1952, the company formed Merrill Lynch & Co. as a holding company and officially incorporated after nearly half a century as a partnership. On December 31, 1957, The New York Times referred to that name as "a sonorous bit of Americana" and said, "After sixteen years of popularizing [it], Merrill Lynch, Pierce, Fenner, and Beane

3264-660: The CDOs lost value, MBIA wound up owing Merrill a large amount of money. Merrill disputed MBIA's claims. In 2009, Rabobank sued Merrill over a CDO named Norma. Rabobank later claimed that its case against Merrill was very similar to the SEC's fraud charges against Goldman Sachs and its Abacaus CDOs . Rabobank alleged that a hedge fund named Magnetar Capital had chosen assets to go into Norma, and allegedly bet against them, but that Merrill had not informed Rabobank of this fact. Instead, Rabobank alleges that Merrill told it that NIR Group

3360-535: The Dark. By this time, Moore had publicly confirmed her engagement to McCormick, a fact that she had been coy about to the press previously. Before mid-year, she had signed a contract with First National Pictures , and her first two films were slated to be The Huntress and Flaming Youth . Slippy McGee came out in June, followed by Broken Hearts of Broadway . Moore and John McCormick married while Flaming Youth

3456-648: The Fine Arts lot, she spent several weeks trying to get her pay for the three weeks she had been available for work for Triangle (finally receiving it in December of that year). Soon after, the Triangle Company went bust, and while her contract was honored, she found herself scrambling to find her next job. With a reel of her performance in Hands Up! under her arm, Colin Campbell arranged for her to get

3552-576: The Moonlight , a Universal Film Manufacturing Company film, was released a few weeks later on July 28. The Egg Crate Wallop was a Famous Players–Lasky production released by Paramount Pictures on September 28. The next stage of her career was with the Christie Film Company , a move she made when she decided she needed comic training. While with Christie she made Her Bridal Nightmare , A Roman Scandal , and So Long Letty . At

3648-464: The New York attorney general and other state securities regulators, Merrill Lynch agreed to increase research disclosure and work to decouple research from investment banking. Between 1999 and 2001, during the dot-com bubble , Henry Blodget , a well-known analyst at Merrill Lynch, gave assessments about stocks in private emails that conflicted with what he publicly published via Merrill. In 2003, he

3744-550: The States was We Moderns , set in England with location work done in London during the tour. It was a comedy, essentially a retelling of Flaming Youth from an English perspective. This was followed by Irene (another musical in the style of the very popular Sally ) and Ella Cinders , a straight comedy that featured a cameo appearance by comedian Harry Langdon. It Must Be Love was a romantic comedy with dramatic undertones, and it

3840-492: The age of 104 on August 1, 2018. From hundreds of entrants, thirty-eight actresses paraded, and thirteen were chosen, by more than 100 Hollywood press agents at The Writers' Club , in Hollywood, California, to comprise the 1934 edition of the Wampas Baby stars. Colleen Moore Colleen Moore (born Kathleen Morrison ; August 19, 1899 – January 25, 1988) was an American film actress who began her career during

3936-483: The age of 15 she took her first step into Hollywood. Her uncle arranged a screen test with director D. W. Griffith . She wanted to be a second Lillian Gish but instead, she found herself playing heroines in Westerns with stars such as Tom Mix . Two of Moore's great passions were dolls and movies; each would play a great role in her later life. She and her brother began their own stock company, reputedly performing on

WAMPAS Baby Stars - Misplaced Pages Continue

4032-535: The attention of the public. The Bad Boy was released on February 18, and featured Robert Harron , Richard Cummings , Josephine Crowell , and Mildred Harris (who would later become Charles Chaplin 's first wife). Two months later, it was followed by An Old-Fashioned Young Man , again with Robert Harron. Moore's third film was Hands Up! filmed in part in the vicinity of the Seven Oaks (a popular location for productions that required dramatic vistas). This

4128-533: The background of several Essanay films, usually as a face in a crowd. One story has it that she got into the Essanay studios and waited in line to be an extra with Helen Ferguson : in an interview with Kevin Brownlow many years later, Ferguson told a story that substantially confirmed many details of the claim, though it is not certain whether she was referring to Moore's stints as a background extra (if she really

4224-543: The banks and securities firms that allegedly helped Enron execute its accounting scandals . The case revolved around a 1999 transaction involving Merrill, Enron and the sale of some electricity-producing barges off the coast of Nigeria. The charges alleged that the 1999 sale of an interest in Nigerian power barge by an Enron entity to Merrill Lynch was a sham that allowed Enron to illegally book about $ 12 million (~$ 20.6 million in 2023) in pretax profit, when in fact there

4320-427: The case after the reversal of the verdict. Merrill reached its own settlement, firing bankers and agreeing to the outside oversight of its structured-finance transactions. It also settled civil fraud charges brought by the U.S. Securities and Exchange Commission, without admitting or denying fault. On June 26, 2007, the U.S. Equal Employment Opportunity Commission (EEOC) brought suit against Merrill Lynch, alleging

4416-908: The chosen "Baby Stars". The campaign was discarded in 1935, after which the Western Association of Motion Picture Advertisers disbanded. In 1956, a group of veteran stars, among them 1932 WAMPAS Baby Star Ginger Rogers , chose a group of young actresses supposed to be known as The Wampas Baby Stars of 1956 . The Western Association of Motion Picture Advertisers no longer existed so the idea fizzled. The selection took place nevertheless;15 "babies" were chosen: Phyllis Applegate, Roxanne Arlen , Jolene Brand , Donna Cooke, Barbara Huffman (later known as Barbara Eden ), Jewell Lain, Barbara Marks, Lita Milan, Norma Nilsson, Ina Poindexter, Violet Rensin, Dawn Richard , and Delfin Thursday. The last surviving original WAMPAS Baby Star, Mary Carlisle , died at

4512-513: The company announced the sale of select hedge funds and securities in an effort to reduce their exposure to mortgage-related investments. Temasek Holdings agreed to purchase the funds and increase its investment in the company by $ 3.4 billion. Then- New York Attorney General Andrew Cuomo threatened to sue Merrill Lynch in August 2008 over its misrepresentation of the risk on mortgage-backed securities. A week earlier, Merrill Lynch had offered to buy back $ 12 billion in auction-rate debt and said it

4608-522: The company sold its Canadian private client operations to CIBC Wood Gundy . In June 1998, Merrill Lynch re-entered the Canadian investment business with its purchase of Midland Walwyn Inc . At the time, Canada was the seventh-largest market for personal investment. In December 2001, Merrill Lynch sold Midland Walwyn to CIBC Wood Gundy. In 2003, Merrill Lynch became the second-largest shareholder of Japanese animation studio TMS Entertainment . In

4704-608: The company to pay Fariborz Zojaji, a former Iranian employee, $ 1.6 million (~$ 2.27 million in 2023) for being fired due to his Persian ethnicity. Merrill Lynch was criticized by both the National Iranian American Council , and the American-Arab Anti-Discrimination Committee . On August 13, 2008, a New Jersey appeals court rendered a ruling against Merrill Lynch in a lawsuit filed by Darren Kwiatkowski,

4800-403: The county to file for bankruptcy in December 1994. The county sued a dozen or more securities companies, advisors and accountants, but Merrill settled without admitting liability, paying $ 400 million of a total $ 600 million recovered by the county. In 2002, Merrill Lynch agreed to pay out $ 100 million (~$ 162 million in 2023) for publishing misleading research. As part of the agreement with

4896-410: The fact that in 25 states, the company did not have a single black broker. The funds were available to all black brokers and trainees at the firm since May 2001, estimated to be 700–1,200 people. During the case, Merrill's black CEO, Stanley O'Neal , said that black brokers may have a harder time getting business for the company since most of its clients were white . In March 2005, Merrill Lynch paid

SECTION 50

#1732776877645

4992-728: The family moved to Hillsdale, Michigan , where they remained for over two years. They relocated to Atlanta, Georgia , by 1908. They are listed at three different addresses during their stay in Atlanta (From the Atlanta-Fulton Public Library city directories): 301 Capitol Avenue − 1908; 41 Linden Avenue – 1909; 240 N. Jackson Street – 1910. They then lived briefly — probably for less than a year — in Warren, Pennsylvania , and by 1911, they had settled in Tampa, Florida . At

5088-404: The firm a strong presence in the government securities market. The Government Securities business brought Merrill Lynch the needed leverage to establish many of the unique money market products and government bond mutual fund products, responsible for much of the firm's growth in the 1970s and 1980s. In June 1971, the company became a public company via an initial public offering , a year after

5184-605: The firm announced it would sell its commercial finance business to General Electric , and would sell shares of its stock to Temasek Holdings , a Singapore government investment group, in an effort to raise capital. The deal raised more than $ 6 billion. In July 2008, Thain announced $ 4.9 billion fourth-quarter losses for the company from defaults and bad investments in the ongoing mortgage crisis. In one year between July 2007 and July 2008, Merrill Lynch lost $ 19.2 billion, or $ 52 million daily. The company's stock price had also declined significantly during that time. Two weeks later,

5280-453: The firm discriminated against Dr. Majid Borumand because of his Iranian nationality and Islamic religion, with "reckless disregard" for his protected civil rights. The EEOC lawsuit maintained that violations by the company were intentional and committed with malice . In another case concerning mistreatment of another Iranian employee by Merrill Lynch, on July 20, 2007, a National Association of Securities Dealers arbitration panel ordered

5376-407: The firm through a major restructuring, spinning-off the company's retail brokerage business to E. A. Pierce & Co. to focus on investment banking. Along with the business, Merrill also transferred the bulk of its employees, including Edmund C. Lynch and Winthrop H. Smith . Charles Merrill received a minority interest in E.A. Pierce in the transaction. Throughout the 1930s, E.A. Pierce remained

5472-498: The firm's name became "Merrill Lynch, Pierce, Fenner & Smith" and the company became a member of the New York Stock Exchange . In 1964, Merrill Lynch acquired C. J. Devine & Co., the leading dealer in U.S. Government Securities. The merger came together due to the death of Christopher J. Devine in May 1963. The C. J. Devine & Co. partners, referred to as "The Devine Boys", formed Merrill Lynch Government Securities Inc., giving

5568-501: The firm's name included a comma between Merrill and Lynch , which was dropped in 1938. In 1916, Winthrop H. Smith joined the firm. In 1921, the company purchased Pathé Exchange , which later became RKO Pictures . In 1926, the firm acquired a controlling interest in Safeway Inc. , transforming the small grocery store into the country's third-largest grocery store chain by the early 1930s. In 1930, Charles E. Merrill led

5664-505: The firm, beginning in October 2008 and expanding in January 2009. On September 5, 2008 Goldman Sachs downgraded Merrill Lynch's stock to "conviction sell" and warned of further losses at the company. Bloomberg reported in September 2008 that Merrill Lynch had lost $ 51.8 billion (~$ 72 billion in 2023) on mortgage-backed securities as part of the subprime mortgage crisis. Merrill Lynch, like many other banks, became heavily involved in

5760-403: The form of collateralized debt obligations . Trading partners' loss of confidence in Merrill Lynch's solvency and ability to refinance money market obligations ultimately led to its sale. During the week of September 8, 2008, Lehman Brothers came under severe liquidity pressures, with its survival in question. If Lehman Brothers failed, investors were afraid that the contagion could spread to

5856-624: The former as a lead actress, the latter usually in supporting roles after the Pre-Code era. Others with significant Hollywood careers included Evelyn Brent (1923), Joyce Compton (1926), Lupe Velez (1928), Constance Cummings (1931, who decamped to England), Frances Dee (1931), and Gloria Stuart (1932, whose career revived in the 1990s and she received a nomination as Best Supporting Actress for her role in Titanic ). The WAMPAS Baby Stars campaign began in 1922. Every year, publicists chose

SECTION 60

#1732776877645

5952-622: The funds and fund sub-accounts. In those funds where Millennium made profits, its gains totalled about $ 60 million. Merrill Lynch failed to reasonably supervise these financial advisers, whose market timing siphoned short-term profits out of mutual funds and harmed long-term investors. In 2008, Merrill Lynch arranged for payment $ 3.6 billion in bonuses, one-third of the money received from the Troubled Asset Relief Program , for performance that year in what appeared to be "special timing," despite reported losses of $ 27 billion

6048-439: The largest brokerage in the U.S. The firm, led by Edward A. Pierce , Edmund Lynch and Winthrop Smith proved to be one of the most innovative in the industry, introducing IBM machines into the business's record keeping. Additionally, by 1938, E.A. Pierce controlled the largest wire network with a private network of over 23,000 miles of telegraph wires. These wires were typically used for orders . Despite its strong position in

6144-444: The largest subprime lenders in the country, in December 2006. Between 2006 and 2007, Merrill was "lead underwriter" on 136 CDOs worth $ 93 billion. By the end of 2007, the value of these CDOs was collapsing, but Merrill had held onto portions of them, creating billions of dollars in losses for the company. In mid-2008, Merrill sold a group of CDOs that had once been valued at $ 30.6 billion to Lone Star Funds for $ 1.7 billion in cash and

6240-582: The late 1920s, she had accomplished dramatic roles in films such as So Big , where Moore aged through a stretch of decades, and was also well received in light comedies such as Irene . An overseas tour was planned to coincide with the release of So Big in Europe, and Moore saw the tour as her first real opportunity to spend time with her husband, John McCormick. Both she and John McCormick were dedicated to their careers, and their hectic schedules had kept them from spending any quality time together. Moore wanted

6336-405: The market, E.A. Pierce was struggling financially in the 1930s and was thinly capitalized. Following the death of Edmund C. Lynch in 1938, Winthrop Smith began discussions with Charles E. Merrill , who owned a minority interest in E.A. Pierce about a possible merger of the two firms. On April 1, 1940, Merrill Lynch, merged with Edward A. Pierce 's E. A. Pierce & Co. and Cassatt & Co. ,

6432-568: The mortgage-based collateralized debt obligation (CDO) market in the early 2000s. According to an article in Credit magazine, Merrill's rise to be the leader of the CDO market began in 2003 when Christopher Ricciardi brought his CDO team from Credit Suisse First Boston to Merrill. To provide a ready supply of mortgages for the CDOs, Merrill purchased First Franklin Financial Corp. , one of

6528-513: The motion picture industry, Colleen Moore has a star on the Hollywood Walk of Fame at 1551 Vine Street. F. Scott Fitzgerald wrote of her: "I was the spark that lit up Flaming Youth , Colleen Moore was the torch. What little things we are to have caused all that trouble." Metadata Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated , doing business as Merrill , and previously branded Merrill Lynch ,

6624-498: The newly formed BofA Securities . On June 21, 2010, the company launched Merrill Edge , an electronic trading platform . In February 2019, Bank of America announced the division was to be rebranded from "Merrill Lynch" to "Merrill". In 1998, Merrill Lynch paid Orange County, California $ 400 million (~$ 698 million in 2023) to settle accusations that it sold inappropriate and risky investments to former county treasurer Robert Citron . Citron lost $ 1.69 billion, which forced

6720-409: The other surviving investment banks. On Sunday, September 14, 2008, Bank of America announced it was in talks to purchase Merrill Lynch for $ 38.25 billion (~$ 53.2 billion in 2023) in stock. Later that day, Merrill Lynch was sold to Bank of America for 0.8595 shares of Bank of America common stock for each Merrill Lynch common share, or about US$ 50 billion or $ 29 per share. This price represented

6816-447: The quality of these CDOs, and that it was using the complicated nature of these particular CDOs (CDOs squared and cubed) to hide the problems it knew about in the securities that the CDOs were based on. However, in 2010 Justice Bernard Fried disallowed all but one of the charges: the claim by MBIA that Merrill had committed breach of contract by promising the CDOs were worthy of an AAA rating when, it alleges, in reality, they weren't. When

6912-576: The replacement of Bank of America's management as a condition of any government assistance. In March 2009, it was reported that in 2008, Merrill Lynch received billions of dollars from its insurance arrangements with AIG , including $ 6.8 billion from funds provided by the United States government to bail out AIG. After merging Merrill Lynch into its businesses, Bank of America continued to operate Merrill Lynch for its wealth management services and integrated Merrill Lynch's investment bank into

7008-594: The same time as she was working on these films, she worked on The Devil's Claim with Sessue Hayakawa (in which she played a Persian woman), When Dawn Came , and His Nibs (1921) with Chic Sale . All the while, Marshall Neilan had been attempting to get Moore released from her contract so she could work for him. He was successful and made Dinty with Moore, releasing near the end of 1920, followed by When Dawn Came . For all his efforts to win Moore away from Christie, it seems Neilan loaned Moore to other studios most of

7104-669: The same year. In 2010, a Merrill Lynch trader in London who mismarked positions he had on behalf of the bank by $ 100 million (~$ 136 million in 2023) to cover up his losses was banned by the United Kingdom's Financial Services Authority (FSA) from working in the securities industry in the UK for at least five years. On 19 June 2018, the U.S. Securities and Exchange Commission (SEC) charged Merrill Lynch of misleading brokerage customers about trading venues between 2008 and 2013. Merrill Lynch admitted wrongdoing and agreed to pay

7200-460: The securities they underwrote. It was once known as the "Catholic" firm of Wall Street and most of its executives were Irish Catholics . The company was founded on January 6, 1914, when Charles E. Merrill opened Charles E. Merrill & Co. for business at 7 Wall Street in New York City . A few months later, Merrill's friend, Edmund C. Lynch , joined him, and in 1915 the name was officially changed to Merrill, Lynch & Co. At that time,

7296-419: The stock market. Moore also nurtured a passion for dollhouses throughout her life and helped design and curate The Colleen Moore Dollhouse, which has been a featured exhibit at the Museum of Science and Industry in Chicago since the early 1950s. The dollhouse, measuring 9 square feet (0.84 m ), was estimated in 1985 to be worth $ 7 million, and it is seen by 1.5 million people annually. Moore

7392-554: The terms of her contract until the numbers started to roll in for Lilac Time . The film was such a hit that Moore managed to retain generous terms in her next contract and her husband as her producer. In 1928, inspired by her father and with help from her former set designer, a dollhouse was constructed by her father, which was 9 square feet with the tallest tower 12 feet high. The interior of The Colleen Moore Dollhouse, designed by Harold Grieve , features miniature bear skin rugs and detailed furniture and art. Moore's dollhouse has been

7488-415: The time. He loaned her out to King Vidor for The Sky Pilot , released in May 1921, yet another Western. After working on The Sky Pilot on location in the snows of Truckee , she was off to Catalina Island for work on The Lotus Eater with John Barrymore . In October 1921, His Nibs was released, her only film to be released that year besides The Sky Pilot . In His Nibs , Moore actually appeared in

7584-545: The whole flapper vogue; "No more flappers...people are tired of soda-pop love affairs." Decades later Moore stated Bow was her "chief rival." Through the Dark , originally shot under the name Daughter of Mother McGinn , was released during the height of the Flaming Youth furor in January 1924. Three weeks later, Painted People was released. After that, she was to star in Counterfeit . The film went through

7680-477: Was a lovely and unspoiled child the last time I saw her. Let's hope commendation hasn't turned her head." Despite her good notices, her luck took a turn for the worse when Selig Polyscope went bust. Once again Moore found herself unemployed, but she had begun to make a name for herself by 1919. She had a series of films lined up. She went to Flagstaff, Arizona , for location work on The Wilderness Trail , another western, this time with Tom Mix. Her mother went along as

7776-466: Was a popular interview subject always willing to discuss her Hollywood career. She was a participant in the documentary series Hollywood (1980), providing her recollections of Hollywood's silent film era. Moore was married four times. Her first marriage was to John McCormick of First National Studios. They married in 1923 and divorced in 1930. In 1932, Moore married stockbroker Albert P. Scott. The union ended in divorce in 1934. Moore's third marriage

7872-414: Was a version of The Scarlet Letter in 1934. She later married the widower Homer Hargrave and raised his children (she never had children of her own) from a previous marriage, with whom she maintained a lifelong close relationship. Throughout her life she also maintained close friendships with other colleagues from the silent film era, such as King Vidor and Mary Pickford . In the 1960s, Moore formed

7968-597: Was born Kathleen Morrison on August 19, 1899, (according to the bulk of the official records; the date which she insisted was correct in her autobiography, Silent Star , was 1902) in Port Huron, Michigan , Moore was the eldest child of Charles R. and Agnes Kelly Morrison. The family remained in Port Huron during the early years of Moore's life, at first living with her grandmother Mary Kelly (often spelled Kelley) and then with at least one of Moore's aunts. By 1905,

8064-477: Was charged with civil securities fraud by the U.S. Securities and Exchange Commission . He settled without admitting or denying the allegations and was subsequently barred from the securities industry for life. He paid a $ 2 million fine and $ 2 million disgorgement. In 2004, convictions of Merrill executives marked the only instance in the Enron investigation where the government criminally charged any officials from

8160-501: Was conditional on passing a film test to ensure that her heterochromia (she had one brown eye, one blue eye) would not be a distraction in close-up shots. Her eyes passed the test, so she left for Hollywood with her grandmother and her mother as chaperones. Moore made her first credited film appearance in 1917 in The Bad Boy for Triangle Fine Arts, and for the next few years appeared in small, supporting roles gradually attracting

8256-417: Was followed by Twinkletoes , a dramatic film that featured Moore as a young dancer in London's Limehouse district during the previous century. Orchids and Ermine was released in 1927, filmed in part in New York, a thinly veiled Cinderella story. In 1927, Moore split from her studio after her husband suddenly quit. It is rumored that John McCormick was about to be fired for his drinking and that she left as

8352-435: Was her first true western. The film's scenario was written by Wilfred Lucas from a story by Al Jennings , the famous outlaw who had been freed from jail by presidential pardon by Theodore Roosevelt in 1907. Monte Blue was in the cast and noticed Moore could not mount her horse, though horseback riding was required for the part (during casting for the part she neglected to mention she did not know how to ride). Blue gave her

8448-661: Was merged into Bank of America Corporation in October 2018, with certain Bank of America subsidiaries continuing to carry the Merrill Lynch name, including the broker-dealer Merrill Lynch, Pierce, Fenner & Smith. In 2019, Bank of America rebranded the unit to "Merrill". Merrill Lynch rose to prominence on the strength of its network of financial advisors, sometimes referred to as the "thundering herd", that allowed it to place securities it underwrote directly. In contrast, many established Wall Street firms, such as Morgan Stanley , relied on groups of independent brokers for placement of

8544-503: Was no real sale and no real profit. Four former Merrill top executives and two former midlevel Enron officials faced conspiracy and fraud charges. The Merrill Lynch executives were convicted, but, unusually, all three of those that appealed subsequently had their charges overturned by the 5th U.S. Circuit Court of Appeals in New Orleans who called the conspiracy and wire fraud charges "flawed." The Justice Department decided not to retry

8640-428: Was one) or to her film test there prior to her departure for Hollywood in November 1917. Film producer D. W. Griffith was in debt to Howey, who had helped him to get both The Birth of a Nation and Intolerance through the Chicago censorship board. "I was being sent to Hollywood - not because anybody out there thought I was any good, but simply to pay off a favor". The contract to Griffith's Triangle-Fine Arts

8736-400: Was possibly given to the daughter of Moore's good friend, author Adela Rogers St. Johns . The fourth survives and remains on display in the living room of a relative. With the advent of talking pictures in 1929, Moore took a hiatus from acting. After divorcing McCormick in 1930, Moore married prominent New York-based stockbroker Albert Parker Scott in 1932. The couple lived at that time in

8832-493: Was selecting the assets. When the CDO value tanked, Rabobank was left owing Merrill a large amount of money. Merrill disputed the arguments of Rabobank , with a spokesman claiming "The two matters are unrelated and the claims today are not only unfounded but weren't included in the Rabobank lawsuit filed nearly a year ago". Significant losses were attributed to the drop in value of its large and unhedged mortgage portfolio in

8928-593: Was still in production, and just before the release of The Savage . When it was finally released in 1923, Flaming Youth , in which she starred opposite actor Milton Sills , was a hit. The controversial story put Moore in focus as a flapper, but after Clara Bow took the stage in Black Oxen in December, she gradually lost her momentum. In spring 1924 she made a good but unsuccessful effort to top Bow in The Perfect Flapper , and soon after she dismissed

9024-568: Was surprised by the lawsuit. Three days later, the company froze hiring and revealed that it had charged almost $ 30 billion in losses to its subsidiary in the United Kingdom, exempting them from taxes in that country. On August 22, 2008, CEO John Thain announced an agreement with the Massachusetts Secretary of the Commonwealth to buy back all auction-rate securities from customers with less than $ 100 million in deposit with

9120-737: Was the managing editor of the Chicago Examiner and an important newspaper editor in the publishing empire of William Randolph Hearst , and was the inspiration for Walter Burns, the fictional Chicago newspaper editor in the play and the film The Front Page . Essanay Studios was within walking distance of the Northwestern L , which ran right past the Howey residence. (They occupied at least two residences between 1910 and 1916: 4161 Sheridan and 4942 Sheridan.) In interviews later in her silent film career, Moore claimed she had appeared in

9216-518: Was to another stockboker, Homer Hargrave, whom she married in 1936. He provided funding for her dollhouse and she adopted his son, Homer Hargrave, Jr, and his daughter, Judy Hargrave. The couple remained married until Hargrave's death in 1964. In 1982, she married builder Paul Magenot, and they remained together until Moore's death in 1988. On January 25, 1988, Moore died at age 88 from cancer in Paso Robles, California . For her contributions to

#644355