"The lesson learned last time is, don't have lot of patients in your hospital unless it is absolutely necessary, and don't have too many staff, " said Bob Lynch, the hospital's CEO.

CNN: Hospitals use lessons from Katrina to prep for Gustav

"My clients have assets held away from me, as well, " said Bob Waldele, a 30-year Merrill Lynch veteran based in New York.

WSJ: FUND TRACK: Merrill Is Launching

Lynch will report to senior vice president Bob Mansfield, Apple said today.

FORBES: Adobe CTO Kevin Lynch Joins Apple As VP of Technology

Under Bob Stansky for more than a year, Magellan is operating very differently from the way it was managed by Peter Lynch.

FORBES: Truth in packaging

It had been rumored that Barclays Chief Executive John Varley and Barclays Capital boss Bob Diamond were poised to quit the group, following in the footsteps of other recent high profile departures at Merrill Lynch and Citigroup.

CNN: Barclays sub-prime losses revealed