Chief Steps Down at Alex. Brown

Chief Steps Down at Alex. Brown

The New York Times
September 15, 2001

London, Sept. 14 (Bloomberg News) - Deutsche bank A.G., Europe's largest bank, said Mayo Shattuck III quit as head of its United States security unit, Alex. Brown.

Mr. Shattuck's duties will be taken over by Tom Hughes, the recently named chief executive of PCAM North America, Deutsche Bank's private-banking and asset-management unit in the United States.

Mr. Shattuck, 46, who worked for Alex. Brown for 16 years, was made co-head of investment banking in January, overseeing Deutsche Bank's 400 brokers who cater to wealthy clients.

With Yves de Balmann, he helped manage the bank's corporate finance business after Deutsche Bank bought the Bankers Trust Corporation in 1999. Mr. De balmann stepped down in February.

Mr. Shattuck and Mr. de Balmann were vice chairmen of Bankers Trust and co-chairmen and co-chief executives of BT Alex. Brown after those two banks merged in 1997.

Copyright 2001 The New York Times Company

A.B. "Buzzy" Krongard was the CEO of A.B. Brown until 1998... Mayo Shattuck worked under him for 8 years before "Buzzy" left A.B. Brown to become the CIA's Executive Director. I've worked where I work for a little over 3 years now, and I'm very friendly with my bosses, co-workers, etc... Do you think it's safe to say that maybe "Buzzy" called up Mayo, and told him about 9/11, and what to buy, and Mayo made a little money? Where is Mayo now?

Mayo A. Shattuck III
Chairman of the Board, President and Chief Executive Officer Constellation Energy

http://www.constellation.com/about/shattuck.asp

Mayo Shattuck was appointed President and Chief Executive Officer of Constellation Energy Group effective Nov. 1, 2001, and was elected Chairman of the Board in July 2002. Constellation Energy is a Fortune 500 company which owns energy-related businesses, including a North American wholesale power marketing and merchant generation business and the Baltimore Gas and Electric Company, an energy delivery utility serving Central Maryland. Prior to joining Constellation Energy, he was with Deutsche Bank where he served as Chairman of the Board of Deutsche Banc Alex. Brown, Chief Executive Officer of the Private Client and Asset Management Group, Americas and, during his tenure, served as Global Head of Investment Banking and Global Head of Private Banking.

From 1997 to 1999, he served as Vice Chairman of Bankers Trust Corporation, which merged with Deutsche Bank in June 1999. From 1991 until 1997, Mr. Shattuck was President and Chief Operating Officer and a Director of Alex. Brown Inc., which merged with Bankers Trust in September 1997.

He was born in 1954 in Massachusetts, U.S., and received his BA from Williams College and his MBA from Stanford University, where he graduated as an Arjay Miller Scholar. Mr. Shattuck has received an honorary Doctor of Public Service degree from the University of Maryland Baltimore County.

Mayo Shattuck currently serves as a Director of Gap Inc. and is Chairman of its Audit and Finance Committee and is a Director of Capital One Financial Corporation. Mr. Shattuck is a member of the board of Edison Electric Institute (EEI) and chairs its Finance Committee. He is also on the Nuclear Energy Institute (NEI) Board of Directors and on the Institute of Nuclear Power Operations (INPO) Board of Directors. Mr. Shattuck is a member of the Board of Trustees of Johns Hopkins Medicine, the U.S. Ski and Snowboard Team Foundation, a member of the Advisory Council of Stanford’s Graduate School of Business and serves on the Board of Trustees of the Noble & Greenough School. He is a member of the Board of Visitors of the University of Maryland Baltimore County, a Board Member of The Walters Art Museum and a member of the Young Presidents Organization (YPO).

He is married to Molly George Shattuck and has five children, Mayo IV, Katie, Spencer, Wyatt and Lillian.

Does anybody know what this stuff means?

http://biz.yahoo.com/t/64/1071.html

25-Feb-04 18,849 CEG Disposition (Non Open Market) at $39.70 per share.
(Value of $748,305)

That's "interesting" only because I don't know what the hell it means.