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graduated from high school in 1959, married and had a family, and
drove a taxi until he got a job as a conductor on the Long Island
railroad in 1964. In 1969 he began working for Merrill Lynch as
an order clerk, and he worked for both the railroad and Merrill
Lynch until he made a living in the securities business. After
becoming a senior trader at Merrill Lynch, Cote left for Loeb,
Rhodes in 1972 and eventually ran their trading desk. In 1978 he
returned to Merrill Lynch and co-managed their high yield
securities department. From 1978 to 1988 Cote also served as one
of five voting members of the Merrill Lynch High Yield Commitment
Committee. During the time he served as a member, the committee
made decisions for the underwriting of more than $12 billion in
securities.
Stone learned about the Sentinel EPE recyclers and Northeast
from Donald F. Tomasetti (Tomasetti), an accountant married to a
cousin of his. The two have known each other on a personal level
since the 1960's. Tomasetti has a B.B.A. in accounting from the
University of Massachusetts. He worked at Peat, Marwick,
Mitchell for 13 years (5-1/2 as an auditor and 7-1/2 as a tax
specialist). In 1975 he established his own full service
accounting practice, Romito & Tomasetti. Two or 3 years later,
Stone Component Sales Corp. became a client of Romito &
Tomasetti, with Tomasetti acting as the principal adviser to both
the corporation and Stone individually. Tomasetti has no
expertise in plastics.
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Last modified: May 25, 2011