Morgan Stanley

  • Morgan Stanley

    Undoing the 2005-06 Morgan Stanley Meltdown? Anda Returns Home

    Last year Morgan Stanley went through a high-level meltdown, losing dozens of bankers and traders to rivals. The subsequent shareholder revolt forced out the sitting CEO, whose internal reforms were blamed for triggering the defections, and left current CEO John Mack to oversee the ruins. Word comes in over the wires today that Morgan Stanley […]

    / Jun 7, 2006 at 2:17 PM
  • Morgan Stanley

    Morgan Stanley: Better Than Cats

    When we were in college we used to have dreams like this. Big cats, typing on keyboards, usually typing out our overdue term papers for us. But they were always written in catish, and that really wasn’t going to work. Not sure what that was all about. Maybe it was the specific cocktail of chemicals […]

    / Jun 2, 2006 at 2:47 PM
  • Morgan Stanley

    Deal of the Day: Morgan Stanley buys Oxhead Capital

    Morgan Stanley bought Boston hedge fun Oxhead Capital, according to published reports. Reuters reports that Morgan Stanley said the hedge fund oversees about $100 million of assets. This is significantly less than the $168 million disclosed in its registration statement. So what gives? Possibilities include Oxhead losing lots of money on bad investments, losing investors, […]

    / Jun 1, 2006 at 3:27 PM
  • Economics, Morgan Stanley

    Roach Killers?

    It seems to be open season on Morgan Stanley’s Stephen Roach, the banks London-based chief international economist. Two weeks ago the National Post’s David Berman laid into him, and today Rich Karlgaard labels him “Wall Street’s Worst Economist.” Who else but Morgan Stanley’s Stephen Roach? In November 2004, he said the U.S. had “no better […]

    / May 23, 2006 at 3:12 PM
  • Banks, Goldman Sachs, Morgan Stanley

    Yoel Zaoui=Sole Head of Goldman’s European I-Banking Division

    From today’s announcements in Reuter’s “Move” column. Goldman Sachs said on Monday that Yoel Zaoui is to become sole head of investment banking in Europe, in a reshuffle of the U.S. investment bank’s top European management. Zaoui, who has played a key role in building up the firm’s European M&A business, was previously co-head of […]

    / May 22, 2006 at 4:35 PM
  • Banks, Blackstone Group, HSBC, Morgan Stanley

    HSBC Dumped By M&A Stud For Blackstone

    Yesterday it was announced that M&A big John “Studs” Studzinski is leaving the HSBC Group for the Blackstone Group. Studs made his reputation as the top dog for Morgan Stanley’s M&A business in Europe during the 1990s. Originally from Boston–he graduated from St Paul’s and Bowdoin College– Studs moved to London a few years after […]

    / May 19, 2006 at 1:45 PM
  • Bear Stearns, Merrill Lynch, Morgan Stanley, Raymond James, UBS, Wachovia

    Star Wars Aficionado vs. Wall Street

    Registered Rep mag profiles Mark Theirman, a class action lawyer (it’s Class Action Day at DealBreaker) and ginormous Star Wars fan who is bringing suit against several large financial services firms for failing to compensate brokers for overtime work: Thierman is now bringing his legal campaign east, with about 35 more class-action lawsuits, including some […]

    / May 17, 2006 at 11:00 AM
  • James Gorman, Morgan Stanley

    War Among the Viacom Babies?

    SUMNER Redstone, who split his giant Viacom media empire into two separate companies, is now trying to get the chairmen of the firms to stop fighting with each other and play nice. Insiders say that nasty stories have been leaked to reporters about Viacom chief Tom Freston and CBS boss Les Moonves – and that […]

    / May 15, 2006 at 9:24 AM
  • James Gorman, Morgan Stanley

    Look To Your Left. One of You Won’t Be Here Next Year.

    James Gorman, head of Global Wealth Management retail at Morgan Stanley, has decided to give the ol’ heave-ho to 500 of its 1,000 broker trainees. Gorman’s explanation: He described those being dismissed as “not tracking toward success” as financial advisers. Which is a nice way of saying they’re incompetent. That or firing 20 people didn’t […]

    / May 11, 2006 at 9:24 AM
  • John Mack, Morgan Stanley

    And Change Will Come from Westchester…

    The Westchester Journal News covers the Morgan Stanley “turnaround”**, and the significance of the Westchester office (besides its convenient geographic proximity to John Mack’s house in Rye): As the company looks to gain ground, Morgan Stanley’s 725,000-square-foot complex in Harrison will play an important role. One function for the site is to serve as a […]

    / May 3, 2006 at 10:02 AM
  • Morgan Stanley

    In and Out at Morgan Stanley

    The revolving door at Morgan Stanley is spinning so quickly we’re having trouble keeping track of who’s coming and going. So starting today, we’re going to keep a running tally. Today’s additions (or subtractions, as it were:Bankers, Traders and Financiers Leaving Morgan Stanley Bankers, Traders and Financiers Joining Morgan StanleyKevin Adeson, co-head of leveraged and […]

    / Apr 26, 2006 at 9:12 AM
  • John Mack, Morgan Stanley

    Activists vs. Mack

    At yesterday’s Morgan Stanley shareholder meeting, activist Harry Korba took the opportunity to grill John Mack (who is apparently “sexy” according to at least one of you) about the details of the business: There were 270 lawyers employed by the company in 2001, Korba said, how many are there now? “About 328 full time,” said […]

    / Apr 6, 2006 at 10:03 AM
  • Morgan Stanley

    Morgan Stanley: Now with 6% Less Sexual Harassment

    Former Morgan Stanley tech exec Arthur Reil is claiming that his discovery of what the Post calls “x-rated” emails between two of his overlords led to his firing. How x-rated?: In a twist of fate, out of millions of e-mails, Riel said he found some of the terms in a thread between Kilcoyne and Tanaka. […]

    / Apr 6, 2006 at 9:49 AM
  • James Gorman, Morgan Stanley

    The First Step in Merrill-izing Retail is De-Morganing It

    James Gorman, in an effort to clean up Global Wealth Management (screw that; we’re still calling it “retail”) is axing 20 – 25 senior executives in the New York and Westchester offices. Who’s coming and who’s going? Send reckless speculation to tips AT dealbreaker DOT com… Morgan Stanley fires 20 Plus Execs in Retail [Marketwatch] […]

    / Mar 30, 2006 at 2:24 PM
  • Morgan Stanley

    Blue Horseshoe Loves A New Job at Morgan Stanley

    John Mack’s hiring problems just got worse, but this time not on the advisory side. James Gorman, the new head of Global Wealth Management (or as we prefer to call it, “retail”) has been barred from hiring away his former underlings at Merrill. The case seems to hinge on who called who and in which […]

    / Mar 23, 2006 at 3:35 PM

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