Brad Hintz Is Worried About Morgan Stanely's Ability To Get Back To Number One On Clients' Speed Dial

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Morgan Stanley, which last year missed an internal trading-revenue target by more than 40 percent, is under pressure to show improvement after a two-year effort to turn around the firm’s fixed-income trading business...Chief Executive Officer James Gorman, 53, is looking to prove to investors this week when results are reported that the firm is advancing toward his goal of boosting market share in fixed-income trading by 2 percentage points. With the stock down 69 percent since 2006 to $21.09 last week, Colm Kelleher and Ken deRegt, both 20-year veterans of the company, aim to succeed at a task that has taken down three senior executives. “I’m absolutely surprised at how slow it has been,” said Brad Hintz, an analyst at Sanford C. Bernstein & Co. who has a “buy” rating on the firm’s shares and is a former Morgan Stanley treasurer. “I’d love to tell you what the trajectory is going to be, but I don’t know how rapidly one can come back...The problem is that clients have long memories. “If you’re no longer the first button on a phone, it takes a long time to become the first button.” [Bloomberg]

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Bloomberg Worried About Tim Geithner's Ability To Put Food On The Table

As you may have heard, because you've read the reports reports or picked up on the Morse code message he's blinked out during every appearance on CNBC or he threw himself on the hood of your car and screamed "Get me outta here" the last time you drove up to the Treasury building, Tim Geithner is ready to leave Washington. Has been for some time, in fact, but previous requests to go home were all denied. Now that his bosses are supposedly going to allow him to leave in the event Obama is reelected, many are wondering what will be next for TG. Despite having spent the majority of his career in public service and giving the impression that he has no desire to work for Wall Street, Bloomberg is thinking that with the albatross that his his unsellable Larchmont house around his neck, a family, and college tuition to pay, Geithner may not have a choice. The years in public service -- particularly engaging in diplomacy with domestic and foreign partners -- left a deep impression on Geithner, infusing him with a sense of purpose that he might find lacking on Wall Street...Yet the years in civil servitude have also left Geithner in need of a better salary. Geithner is one of the least wealthy men to head the Treasury Department in recent years. He took more than a 50 percent pay cut to assume the job. His $199,700 salary is higher than the $174,000 earned by most members of Congress. His pay has been increased by $8,400 in three years, yet his net worth pales next to such predecessors as Hank Paulson and Bob Rubin. With two mortgages and two college-age children, the lure of private-sector money could be hard to resist. BlackRock's Fink, for instance, received $23.8 million in salary and stock in 2011, making him No. 1 in the Finance 50, Bloomberg Markets' annual ranking of the best-paid CEOs at the largest U.S. financial companies. Other ideas Bloomberg has for ways Geithner can make ends meet that he's already said no to include writing a memoir. He "publicly ruled out" doing so in September, but they're pretty sure he'll reconsider after the guy he hired to patch up his roof tells him the whole thing needs to be replaced. What's Next For Tim Geithner [Bloomberg] Related: Tim Geithner To Finally Be Set Free? Also Related: Robert Shiller, Westchester-Area Realtor Rub Tim Geithner’s Nose In It