Morgan Stanley is planning to get rid of about 10% of its brokers, which is about 1,000 jobs. The firm is trying to weed out an brokers that aren’t up to its standards according to acting president Zoe Cruz.
Morgan Stanley Co-President Steps Down
Morgan Stanley Co-President Stephen S. Crawford has stepped down from the company, and Co-President Zoe Cruz has been named Acting President.
Intel and Morgan Freeman Team On Net Film Distribution
The massive chipmaker will work with the Oscar winner’s production company on releasing films online before their DVD release.
Intel Helps Morgan Freeman Sell Movies Online
Computer giant Intel and Revelations Entertainment, co-owned by Oscar winning actor Morgan Freeman and producer Lori McCreary announced the creation of ClickStar, a company designed to offer premium movies directly to the Internet, including original content and first run products.
Return of the Mack to Morgan Stanley
Morgan Stanley’s Board of Directors has elected John Mack as the company’s Chairman of the Board and CEO to replace Philip Purcell who announced his retirement a couple of weeks ago.
Profits Fall As Morgan Stanley Looks for CEO
As Morgan Stanley tries to find a replacement for recently ousted CEO, Philip Purcell, the firm’s financial performance continues to suffer. It reported its biggest quarterly profit decrease in about four years.
Morgan Stanley’s Performance Worsens
Morgan Stanley, who is currently searching for a replacement for recently ousted CEO Philip Purcell, reported its biggest decrease in quarterly profits in nearly four years.
Enron Plague: J.P. Morgan/Chase Coughing Up Big Chunks
J.P. Morgan Chase and Citicorp have agreed to pay the Enron piper, in theory. J.P Morgan reached an agreement last night that stated they would pay upward of $2.2 billion dollars. The massive banks have agreed to pay a lot of money in recent months of bungled business deals. Citicorp coughed theirs up last week to the tune of $2 billion.
JP Morgan Forks Out $2.2 billion To Settle Suit From Enron Investors
Citigroup recently agreed to pay $2 billion to settle a lawsuit from Enron investors, and now J.P. Morgan Chase & Co. is following suit and paying $2.2 billion.
Morgan Stanley CEO Steps Down
Morgan Stanley CEO Philip Purcell sent a letter sent around to employees of the company announcing his plans to retire. Lately he has faced a lot of criticism.