Under cross-examination in the Unilever case, Merrill Lynch Investment Managers' (MLIM's) final witness dismissed a damaging sentence he had included in a set of speaking notes as "a mistake", written when he was "in a rush".
Peter Stanyer, head of performance and risk management at MLIM, drafted a set of speaking notes for Carol Galley, head of MLIM's London business, for a meeting with Unilever on May 13, 1997. The meeting was called after the portfolio had seriously underperformed, and Galley proposed a recovery plan.
