Mack's Turnaround Plan A Mixed Success So Far
- Purcell's Problems Widen. Chapelle, Tony // On Wall Street;May2005, Vol. 15 Issue 5, p19
Focuses on the management crisis at Morgan Stanley, one of the leading investment and financial services firms in the U.S. Criticism against company CEO Philip Purcell; Plan approved by the board to explore the salve of a division; View of analysts on the inclination of the board to sell the...
- Morgan Stanley Puts Buzz Back in M&A. Rieker, Matthias // American Banker;4/4/2005, Vol. 170 Issue 63, p23
Focuses on the outlook for mergers in the financial services industry. Speculation that Morgan Stanley chief executive, Philip Purcell, will have to divest key assets; Views of analysts about Morgan Stanley selling the Dean Witter brokerage franchise or the Discover credit card business;...
- Morgan Stanley's Chief Will Visit China. // American Banker;2/12/2001, Vol. 166 Issue 29, p24
Reveals that Philip Purcell, Morgan Stanley Dean Witter & Co.'s chief executive, will travel to Beijing to reassure officials and clients after the resignation of his second-in-command, John Mack. Who the firm is competing with for a greater share of international stocks sales by Chinese...
- A Dysfunctional Family. Gasparino, Charles // Newsweek (Pacific Edition);4/11/2005 (Pacific Edition), Vol. 145 Issue 15, p6
Reports on the aftermath of the 1997 merger of Morgan Stanley and Dean Witter. Status of the company's stock prices; Efforts of the company's CEO Philip Purcell to improve the company's performance; Questions about whether or not Purcell should remain at the company.
- Embattled Purcell's pitch won't sway shareholders. Elstein, Aaron // Crain's New York Business;4/4/2005, Vol. 21 Issue 14, p39
The article reports that Morgan Stanley & Co. Inc. chief executive Philip Purcell ended a humiliating week on Friday by traveling to Boston to lobby major institutional shareholders for their continued support. Morgan Stanley's long-underperforming stock is finally showing signs of life and it's...
- The Comeback King. Gasparino, Charles // Newsweek (Pacific Edition);7/11/2005 (Pacific Edition), Vol. 146 Issue 2, p41
Discusses how John Mack was appointed chief executive officer of investment firm Morgan Stanley, after the resignation of Philip Purcell. How Mack was the president of the company in previous years; Description of his career; Speculation of his plans for the company.
- Under Pressure, Morgan Stanley's Purcell Announces Retirement. Walker, Susanne // Bond Buyer;6/14/2005, Vol. 352 Issue 32153, p33
Reports on the plan of CEO Philip J. Purcell to retire from Morgan Stanley & Co. Inc. prior to the company's announcement of low financial performance in the U.S. Personnel changes made by Purcell in an effort to restore confidence in his leadership and boost its financial status; recent changes...
- Purcell receives award from union. // Crain's New York Business;9/8/2003, Vol. 19 Issue 36, p2
Morgan Stanley & Co. chief executive Philip Purcell received the Labor Good Guy Award Saturday from the New York City Central Labor Council because his firm exclusively uses limousine companies whose drivers are union members. Until last year, the firm had used both union and nonunion companies.
- Morgan Stanley Names Mack CEO. // American Banker;7/1/2005, Vol. 170 Issue 126, p20
The article discusses how John Mack, a former president, has been named the chairman and chief executive officer of Morgan Stanley. The company is attempting to rebuild moral and revive businesses that slipped during Philip Purcell's tenure. Mack has taken over a firm divided by internal...