April 2005
Investment Dealers' Digest;4/18/2005, Vol. 71 Issue 15, p26
Trade Publication
The article presents statistical information on global FIGs underwriting volume as of April 11, 2005, and other developments in the money market. Morgan Stanley lost two top investment bankers, Joe Perella and Terry Meguid, last Wednesday in what has become an exodus of talent from a firm in the throes of conflict. A group of eight former executives is pushing to remove Morgan Stanley CEO Philip Purcell, claiming on erosion of shareholder value under his watch. In recent weeks, Purcell replaced three top executives in what was believed to be a shoring up of his support within the firm.


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