Merrill Lynch has a vested interest in Sir Peter Bonfield's survival in his current job. The BT chief executive, who has been under fire from some of the company's shareholders, is one of a handful of business luminaries to appear in a Merrill marketing video showing off the investment bank's new approach to 'relationship management'. Either Merrill knows something we don't about the prospects for Bonfield surviving in his current job, or it will be the shortest running film since A Clockwork Orange.