Merrill and CFO rumors

Will Merrill Lynch force out its chief financial officer Jeffrey Edwards? CNBC reported that he might be replaced over the next few months. But the company promptly issued a denial, saying he is not in jeopardy. But you have to wonder if the bloodletting is done. Merrill Lynch just last week axed global fixed-income chief Osman Semerci, apparently the big fall guy for the $5.5 billion writedown the company will take. Edwards' job was rumored to be up in the air because of a July 17 conference call, in which he suggested the firm was well-protected from the credit crunch. The blame game has snared quite a few high-profile executives. If Edwards were to fall, he would rank as the biggest victim yet. Stay tuned.  

For more:
- here's the AP article

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