| NEW YORK
NEW YORK Jan 29 Eric J. Gleacher has resigned
as chairman of Gleacher & Co Inc and will leave the
broker-dealer he founded in 1990.
The move, announced Tuesday, comes after Gleacher & Co said
last year it was exploring the potential sale of the company.
Gleacher, 73, said he wanted to focus on business
opportunities "outside the firm."
Gleacher founded the mergers and acquisitions department at
Lehman Brothers in 1978 and later headed global mergers and
acquisitions at Morgan Stanley.
At Morgan Stanley, he advised private equity firm KKR & Co
LP in its high-profile takeover battle for RJR Nabisco,
which was featured in the bestselling book "Barbarians at the