Mack's Turnaround Plan A Mixed Success So Far

February 2006
Investment Dealers' Digest;2/6/2006, Vol. 72 Issue 5, p4
Trade Publication
The article reports on developments relevant to the financial services industry in the United States as of February 2006. The lag in Morgan Stanley & Co. Inc.'s shares was one of the problems cited by the "Group pf Eight" former executives in their successful campaign to oust former chief executive officer Philip Purcell. Investment banking firm Thomas Weisel Partners Group Inc. priced its initial public offering at $15 per share and the stock rose some 30 percent in the first day of trading. Victor Menezes, the former head of emerging markets at Citigroup, agreed to pay $2.68 million to settle a federal insider-trading probe.


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