Blodget to leave Merrill Lynch
Published: 15 Nov 2001 13:29 GMT
Internet stock analyst Henry Blodget will take a buyout offer from Merrill Lynch, taking advantage of a buyout offered to nearly 50,000 workers, according to published reports.
Blodget couldn't be reached for comment. A Merrill spokesman declined to comment.
The package is reportedly worth nearly $2m.
Blodget, 35, was catapulted into the spotlight when he predicted that shares of Amazon.com would soar to $400 in 1998. The Seattle-based e-tailer's stock did eventually surpass $400 a share.
However, he also took criticism about his stock picks, including Pets.com and eToys, both of which failed before they turned a profit.
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