Philip Purcell, the CEO of Morgan Stanley, who has been faced with a lot of criticism, sent a letter to the firm’s employees announcing his plans to retire.
Purcell Leaving Morgan Stanley
After much criticism from shareholders, Morgan Stanley CEO Philip Purcell has announced that he plans to retire in a letter sent to employees of the company.
Purcell’s Opposition Urges Spin Off
The group of Morgan Stanley shareholders that wants CEO Philip Purcell gone, is now urging the company to spin off its institutional securities business.