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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/exmerrill-lynch-ceo-schreyer-dies.jpg"><img class="alignnone size-full" title="The former CEO of Merrill Lynch, William Schreyer, has died" src="http://londonglossy.com/wp-content/uploads/2011/01/min-exmerrill-lynch-ceo-schreyer-dies.jpg" alt="The former CEO of Merrill Lynch, William Schreyer, has died"/></a></p>
<p>William Schreyer, a former chairman and chief executive of Merrill Lynch who led its transition from a stock brokerage to a diversified global investment bank, has died at 83.</p>
<p>Mr Schreyer, who also gained recognition for donating millions of dollars to his alma mater, Penn State University, died on Saturday at his home in Princeton, New Jersey.</p>
<p>He had a 45-year career at Merrill Lynch and led the firm from 1985-1993. He became a familiar face on TV commercials after the 1987 stock market crash, telling viewers: &#8220;At Merrill Lynch, we&#8217;re still bullish on America.&#8221;</p>
<p>Colleagues remembered Mr Schreyer as a compassionate and decisive leader.</p>
<p>&#8220;He was a generous mentor to all of us who succeeded him,&#8221; said Daniel Tully, chairman emeritus of Merrill Lynch.</p>
<p>&#8220;He loved Merrill Lynch, and inspired those around him with an irrepressible sense of humour and optimism. He will be greatly missed by all who knew him.&#8221;</p>
<p>Mr Schreyer, a 1948 Penn State graduate, and his wife committed more than 58 million dollars (£36m) to the university. He was also a member of the school&#8217;s Board of Trustees from 1986-1998 and served as its president for three years.</p>
<p>Mr Schreyer was born in Williamsport, Pennsylvania, where his father managed the local office of a stock brokerage that Merrill Lynch later acquired. He worked there part-time while in high school and joined Merrill Lynch as a junior executive trainee after graduating from college.</p>
<p>He became head of the firm&#8217;s Trenton, New Jersey, office in 1963 and then held a succession of positions in its retail branch office system before becoming the New York metropolitan area regional director in 1972. He became head of Merrill Lynch&#8217;s government securities subsidiary the following year.</p>
<p>Mr Schreyer became Merrill Lynch&#8217;s president in 1982 and was named CEO and chairman in 1985.</p>
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