TITLE

The Head That Just Won't Roll

AUTHOR(S)
Lugo, Denise
PUB. DATE
April 2005
SOURCE
Investment Dealers' Digest;4/4/2005, Vol. 71 Issue 13, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses corporate reorganization at Morgan Stanley & Co. Inc. Morgan Stanley CEO Philip Purcell demoted the firm's president, Stephan Newhouse, and offered him a yet-to-be-disclosed new position. He elevated CFO Stephen Crawford to co-president along with Zoe Cruz, the former head of fixed income trading. Purcell also promoted Joseph Perella to vice chairman of the firm. Purcell's grand power play was met with an equally incendiary reaction when dissidents calling for Purcell's head took their cause straight to the media.
ACCESSION #
16639914

 

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