 The combined firm was renamed Shearson Hayden Stone, as Weill retained the Shearson brand, which was widely recognized as a major underwriter and brokerage.Weill's next major target in 1979 was another prominent investment bank, Loeb, Rhoades, Hornblower & Co., which like Shearson had been suffering financial difficulties and was looking for a potential acquiror.During Mothers Day Weekend 1979, Shearson and Loeb agreed to an $83 million ($ million today) all-stock merger to form Shearson Loeb Rhoades, with Weill assuming the position of CEO of the combined firm.