Frank Petrilli, president and chief operating officer at TD Waterhouse, will apparently not be joining E*Trade after all. One week after accepting the job of president at E*Trade Securities, he has changed his mind and decided to remain at Waterhouse. Reportedly the newly public company had made it worth his while to stay with more options and he has reconsidered the decision, which would force him to move from the East to the West Coast.

An Odd Lots Reminder:

Waterhouse prez joins E*Trade
From The San Francisco Examiner
E*Trade Group Inc. has hired Frank J. Petrilli, president and chief operating officer of Waterhouse Group Inc., to run its brokerage business. Petrilli, 48, succeeds Kathy Levinson as president of E*Trade Securities Inc. Levinson remains president and chief operating officer of the Menlo Park, California-based parent company. Petrilli will have primary responsibility for retail brokerage, asset management and clearing. 

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