store uggs Additional reporting by Martin Howell

University.
He has been portrayed as a key proponent of the sale of Merrill Lynch at the height of last year's financial crisis despite initial reluctance from then Merrill CEO John Thain. Thain has disputed this account.
In Andrew Ross Sorkin's book on the financial crisis, Too Big to Fail, Fleming was also credited with getting Bank of America to agree to pay Merrill bankers 2008 bonuses up to the same level as in 2007. He also got the bank to agree to an airtight "material adverse change" agreement, meaning that even if Merrill's businesses continued to deteriorate Bank of America couldn't easily back out of the deal.
Both elements of the deal proved to be very controversial as a public outrage was sparked by news about the bonuses and as figures in subsequent months showed that Merrill's businesses were in worse shape than had been publicly acknowledged and Bank of America CEO Kenneth Lewis threatened to back out of the deal.
Fleming joined Merrill Lynch in 1992 and from 2003 to 2007 co-headed Merrill Lynch's markets and banking group. Fleming, a noted rainmaker who focused on financial companies, oversaw Merrill's investment banking.
He will be joining Morgan Stanley in February. (Reporting by Michael Erman and Steve Eder, Additional reporting by Martin Howell store uggs , editing by Martin Golan and Diane Craft)
Related Quotes and News
* Morgan Stanley to let brokers use Twitter - memo
* All brokers to use LinkedIn, Twitter within six months
* Firm says social media use will comply with FINRA rules
By Joseph A. Giannone
NEW YORK, May 25 - Wall Street banks clamor tounderwrite stock for social media companies like LinkedIn andTwitter, but the online networking sites are largely off limitsto the banks' financial advisers.
Now, the country's largest retail brokerage, Morgan StanleySmith Barneybridal louboutins Sales of gasoline helped Costco Wholesale Corp, has become the first major wealth manager toallow its brokers partial use of Twitter.
And it is the latest wealth adviser to permit the use ofLinkedIn (LNKD.N), the professional networking site that wentpublic last week.
The change will start slowly next month with a test groupof 600 Morgan Stanley Smith Barney advisers, according to aninternal memo obtained by Reuters. Within six months, theprogram will be expanded to the firm's entire force of 17,800advisers.
"The emergence of social media has changed the way in whichpeople communicate with each other and companies interact withclients," Morgan Stanley Smith Barney U.S. wealth managementboss Andy Saperstein said in the memo.
Communications by brokers store uggs , whether to clients or to thebroader public store uggs , is closely monitored by regulators guardingagainst investment scams or misleading advice. Old-fashionedmedia like recording of telephone calls and emails areretained store uggs , archived and screened.
Yet brokerage firms grew anxious as hundreds of millions ofpeople -- including their customers -- embraced Twitter,LinkedIn and Facebook as their preferred way of communicatingwith friends and getti