ALSO

Donald Straszheim is leaving Merrill Lynch & Co., where he is chief economist, to join Santa Monica-based Milken Institute for Jobs and Capital Formation, founded by former junk bond specialist Michael Milken. . . . El Segundo-based Mattel Inc. announced that Byron Davis, president of Fisher-Price, has decided to retire and will be succeeded by Gary Baughman, the former president and chief executive of rival Tyco Toys Inc.