Morgan Stanley Co-President Stephen S. Crawford has stepped down from the company, and Co-President Zoe Cruz has been named Acting President.
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.
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.
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.
Morgan Stanley Ordered To Pay $1.4 Billion, Confident About Appeal
Yesterday, Morgan Stanley was ordered by a Florida jury to pay investor Ron Perelman an additional $850 million bringing the total to $1.4 billion in damages.
Morgan Stanley Gets Hammered For $1.4 Billion
Morgan Stanley was ordered today by a Florida court to pay an additional $850 million to billionaire investor Ron Perelman. This brings the total to $1.4 billion in damages.
Morgan Stanley To Pay $604 Million In Lawsuit
Morgan Stanley was ordered to pay investor Ron Perelman $604 million, and said it is now reassessing the amount of funds it has set aside for this expense.
Morgan Stanley Posts Results
Morgan Stanley reported net income of $1,468 million for the quarter ended February 28, 2005, up 20% from the first quarter of 2004 and 22% from the fourth quarter of 2004.