Word: morgan
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...Perella thought he could sidestep the pernicious culture-clash now consuming Morgan Stanley, where he's served as rainmaker and mentor for the firm's ?lite investment bankers for 12 years. But even Perella, a renowned dealmaker, couldn't find any middle ground in a family feud ignited the day the Ivy Leaguers at Morgan sold out to the hard-knocks brokers at Dean Witter Discover...
...firm's internal troubles burst into the open, management pushed Perella to take its side. The vice chairman chose instead to take a hike, becoming the biggest name in a string of high-profile departures that have stunned Wall Street, leaving investors and clients to wonder whether more Morgan bankers will head for the hills...
...least eight bankers have left in a huff over the way the company is being managed, including president Stephan Newhouse; investment-banking boss Terry Meguid; and John Havens, head of stock trading. The fight has got so emotional that hundreds of employees on Morgan's vast New York City trading floor stood and applauded Havens for seven minutes on the day he left, which some saw as a repudiation of CEO Phil Purcell, the former Dean Witter boss who is running the show...
Ready to counter the Bulldog’s force is junior shortstop Morgan Brown, who has proved to be one of Harvard’s key defensive players...
...Staff writer Morgan R. Grice can be reached at mgrice@fas.harvard.edu...