Because of Miller's experience at work, he says his two sons avoided the field. Howard adds, "Even now, we have blacks who have MBAs from Ivy League schools saying they want nothing to do with this business."
But Howard adds he has been loyal to Merrill Lynch, and he praises them for deciding to settle the suit.
"Some of the changes coming will make it a better firm," he said. "They are making an effort to heal."
Follow Michael Tarm at www.twitter.com/mtarm .