Farewell Dan Sontag

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With yesterday's announcement that Dan Sontag will be stepping down as head of the Merrill broker brigade because he no longer had his "whole heart" in the game, Ken Lewis may have officially killed the firm's culture. The 31 years at ML was not enough for the BAC overlords to reconsider giving Sontag a new boss in the form of Sallie Krawcheck. Once unthinkable, one of the truly distinctive cultures on Wall Street may have been completely wiped out by a bank based in North Carolina. If Ken Lewis was worried about broker defections before yesterday, he should be petrified now.