Partnerships and pools don't work in the same way for women and minorities.

For women you would not want to leave your shirt undone, so that if you lean over you reveal something you did not want to reveal,

[I]t is a way to break up this monopoly that has gone on where brokers are made overnight by inheriting books of business.

I don't think there's anyone with more sophisticated programs in place. They just aren't working well enough.

Merrill has come a long way.

We hope that Merrill Lynch sincerely desires to give teeth to its diversity initiatives and to bring a meaningful change.