Merrin Founder Pushed Aside, ADP Asserts Ownership With New CEO
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NEW YORK--In a move that many industry insiders expected, Merrin Financial Software founder and trading software pioneer Seth Merrin was named chairman of the company he founded. In early February, Merrin was replaced as president and chief executive by Thomas Conley, an executive assigned by Automatic Data Processing, Merrin's corporate parent, to repair the faltering company's fortunes. While the changes in management look like a promotion to both the software company's founder and the new
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