Mayo Shattuck III

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On 9/11 Mayo Shattuck III was chairman of Deutsche Banc Alex Brown, the US private client and asset management division of Deutsche Banc. This has been tied in some quarters to the put options purchased before the attacks, as History Commons illustrates:

We've seen not the slightest evidence to support such a claim, though, and at first glance it makes no real sense. Why would Shattuck resign because of the put options, which weren't yet even being reported in the press? If anyone has an explanation that's based on more than conjecture then we've yet to see it.

Further, while History Commons do their best to put a conspiratorial spin on this by saying "no reason is given" for the resignation, that simply isn't true.


A reason for the resignation was given, and it turns out that Shattuck was maintaining a connection with the company. Anyone might claim that the reason is false, and doubtless they will, but without some - or indeed any - evidence to support that, it's hard to see where this story will go.