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Registered Rep. September 10, 2009 Kristen French |
Gorman Grabs Morgan Stanley CEO Slot James Gorman, the former head of Morgan Stanley's retail brokerage division and now co-president of the firm, is slated to take over the CEO job in January, 2010.  |
Registered Rep. August 17, 2005 Kristen French |
Gorman to the Rescue? Now that James Gorman has been selected as the future head of Morgan Stanley's retail brokerage, what will he do to turn it around, and can he pull it off?  |
Registered Rep. November 30, 2007 Halah Touryalai |
Morgan Stanley Management Shuffle: Cruz Out, Gorman In Morgan Stanley underwent a major management shakeup yesterday -- effective tomorrow.  |
Registered Rep. December 1, 2005 Kristen French |
Morgan Brokers Still Heading for Exits There has been a parade of top brokers who have left Morgan Stanley in recent months. The losses, which began under embattled former CEO Phil Purcell, have not abated since his replacement, John Mack, arrived in June.  |
Registered Rep. February 21, 2006 Kristen French |
At Morgan Stanley, the Gorman Era Dawns At Merrill, James Gorman was able to take a top team and make it more effective -- at Morgan Stanley, he inherits a demoralized, decimated sales force that trails its peers in assets under management, productivity and profit margins.  |
BusinessWeek July 3, 2006 Emily Thornton |
Mack Attack Buttressed by better earnings, a hungry Morgan Stanley is winning over critics.  |
Registered Rep. September 1, 2005 Kristen French |
Gorman to the Rescue? Morgan Stanley brokers should expect a revolution when James Gorman takes the helm of the retail unit.  |
Registered Rep. November 1, 2005 Kristen French |
Bonus Bait Morgan Stanley is planning to offer bonuses to brokers who expand their production in 2006.  |
Registered Rep. July 1, 2006 Kristen French |
James Gorman's First Marking Period In his first four months as head of Morgan Stanley's brokerage unit, James Gorman wasted no time showing that a new regime was in place. But he hasn't convinced all the troops that it's worth sticking around to see how his turnaround plans play out.  |
Registered Rep. August 2, 2005 Kristen French |
Mack to Morgan Brokers: `Don't Kiss My Ass' For Morgan Stanley brokers, the kind of flattery that Philip Purcell seemed to demand during his tenure isn't going to work on John Mack.  |
Registered Rep. July 28, 2005 Kristen French |
Morgan Confirms Trainee, Broker Cutbacks In an internal memo, co-president Zoe Cruz announced the company would reduce the number of trainees it hires to 1,000 in 2006, from 2,400 this year, while continuing to recruit experienced brokers who focus on high-net-worth clients.  |
Registered Rep. June 28, 2005 Kristen French |
Mack as CEO Could be Retail Champion John Mack, the rumored favorite of Morgan Stanley's board for the CEO slot, could be a blessing for the firm's retail brokers if he gets the job.  |
Registered Rep. July 11, 2005 John Churchill |
More Changes at Morgan Stanley The resignation of Morgan Stanley's co-president Stephen Crawford and the disclosure of his pay package cause public comment on the unusual nature of events and anger among employees and shareholders alike. Chairman John Mack works to retain top people.  |
Registered Rep. July 21, 2005 Kristen French |
On the Gossip Trail: Mack to Replace Schaefer--But With Whom? When Morgan Stanley announced that the head of its struggling retail brokerage unit was stepping down, Wall Street immediately began speculating about who will be chosen as his successor -- and what that successor might augur for the retail brokerage.  |
Registered Rep. June 30, 2005 John Churchill |
Mack Back, Officially John Mack, former head of Morgan Stanley, returns hoping to quiet employee dissent and questions in the media about the firm's direction.  |
BusinessWeek January 13, 2011 Michael J. Moore |
It's Showtime for Morgan Stanley Morgan Stanley failed to live up to expectations last year; CEO James Gorman doesn't want the losing streak to continue.  |
Registered Rep. March 16, 2006 Kristen French |
Gorman Streamlines Morgan, Brings on Merrill Friends In his first step as head of retail brokerage at Morgan Stanley, James Gorman has streamlined the firm's regional office structure -- reducing regional offices to four from eight and cutting out one layer of management.  |
The Motley Fool December 20, 2005 Stephen D. Simpson |
Will Morgan Stanley Come Back? Investors who thought that the return of John Mack to Morgan Stanley would mean instant and glorious change might be feeling a bit disappointed about now.  |
Registered Rep. December 1, 2005 Kristen French |
Morgan Stanley: Tomorrow Is Another Day In this survey, the management upheaval and culling of broker ranks shows in the grades Morgan brokers give their firm.  |
Registered Rep. July 26, 2005 Kristen French |
Morgan Trainee Program Could Get Whacked John Mack is moving quickly to get Morgan Stanley's ailing retail brokerage in shape.  |
Registered Rep. January 13, 2009 David Geracioti |
Citi, Morgan Stanley Agree To Form Joint Venture; Reps Will Receive Retention Bonus--Gorman Says: "We're Not Stupid" The combined retail brokerage units will become the largest financial services firm in the world and be a "force to be reckoned with." The combined entity will have more than 20,000 Financial advisors and an estimated $1.7 trillion in client assets.  |
Registered Rep. March 23, 2006 Kristen French |
Merrill To Gorman: Quit Poaching Our Reps And BOMs Is James Gorman, the new head of retail at Morgan Stanley, brazenly poaching employees from his old firm, Merrill Lynch? A judge apparently thinks so.  |
Registered Rep. December 18, 2007 John Churchill |
Ellyn McColgan, Late Of Fido, Joins Morgan Stanley Ellyn McColgan, once seen as a possible successor to Ned Johnson as CEO at Fidelity Investments, has been picked to take the helm of Morgan Stanley's Global Wealth Management Group.  |
Registered Rep. December 21, 2005 Kristen French |
For Morgan Retail, Fourth Quarter a Mixed Bag; More Purcell Directors Resign Despite a number of changes made to improve corporate governance at Morgan Stanley early this year, the board has come in for plenty of heat. The firm continues to lose talent and is paying out the nose to bring on new top producers.  |
Registered Rep. May 10, 2005 Kristen French |
Purcell Takes Stage, Tries to Rally Support Morgan Stanley's embattled CEO Philip Purcell tried to shore up shareholder support and squelch the almost daily flood of media speculation over the firm's future. But were shareholders convinced?  |
Registered Rep. April 20, 2006 Kristen French |
New Morgan Hire to Advance Dean Witter Integration James Gorman announced in a memo to employees that Donald Herrema will join the company on May 1 as the head of Private Wealth Management Americas, the U.S. and Latin America division of the old Morgan Stanley institutional group.  |
BusinessWeek September 2, 2010 Moore & Mildenberg |
In the Battle of the Big Brokers, Merrill Is Winning Merrill Lynch earns higher profits with fewer advisers, thanks to a smooth integration with Bank of America and more cross-selling.  |
Registered Rep. March 1, 2007 |
Gorman Gets It An interview with Morgan Stanley's James Gorman about the improvement in morale at the firm, what it took to get brokers turned around, what he still needs to accomplish and how Morgan is different from the rest of its Wall Street peers.  |
The Motley Fool April 1, 2005 Tom Taulli |
Et Tu, Morgan Stanley? It's a palace revolt at Morgan Stanley. But we should probably not feel too sorry for CEO Philip Purcell, who made about $22 million last year. If he loses, he will not suffer the fate of Caesar but will have a very big payday instead.  |
The Motley Fool September 21, 2006 Ryan Fuhrmann |
Motley Fool Double Take: Morgan Stanley Bulges Forward Morgan Stanley reported another strong quarter, but has all the easy money in the stock now been made?  |
Registered Rep. April 8, 2004 Joan Warner |
Trouble In The House That Purcell Built? After suffering through a cruel bear market, Morgan Stanley has come under regulatory scrutiny and legal fire for practices in several key businesses in the past two years, including mutual fund sales.  |
Registered Rep. March 17, 2008 Christina Mucciolo |
Morgan Stanley Reorganizes Wealth Management Unit This is the second reorganization the firm has seen since James Gorman took the helm of the GWM division in February 2006.  |
Registered Rep. March 30, 2006 Kristen French |
Gorman Unrestrained Morgan Stanley retail chief James Gorman was freed by a New York State judge of the temporary restraining order that prevented him from raiding Merrill Lynch's brokerage ranks.  |
Registered Rep. June 13, 2005 Kristen French |
With Purcell to Resign, Who's Up? After months of fighting for Morgan Stanley CEO Philip Purcell's resignation, the Group of Eight dissident shareholders finally got what they wanted: Purcell announced that he was stepping down once a successor could be named.  |
Registered Rep. March 30, 2006 Kristen French |
Gorman Wields Knife Again Yesterday, new Morgan Stanley retail chief James Gorman unleashed a fresh round of cuts -- with more expected shortly -- as part of his efforts to right the faltering brokerage operation.  |
Registered Rep. June 1, 2005 Kristen French |
Star Wars Recruiting competition between the top brokerage firms is fiercer than ever, and Morgan Stanley is currently wielding one of the most powerful deals on Wall Street.  |
Registered Rep. July 1, 2005 Kristen French |
Apres Purcell--Le Spinoff? Now that Morgan Stanley's CEO has given up, the future of the old Dean Witter organization is in question. Morgan Stanley remains under pressure to improve profitability and its stock price.  |
Registered Rep. September 22, 2005 John Churchill |
Morgan Stanley's Retail Unit Posts Mixed Third Quarter The company's retail brokerage recorded pretax tax profits of $30 million for the third quarter, a healthy 36% gain over last year, despite a continued exodus of advisors and large legal and regulatory costs. But client assets fell versus the prior quarter, an ominous sign.  |
The Motley Fool March 22, 2007 Ryan Fuhrmann |
Worst to First at Morgan Stanley CEO John Mack has quickly put Morgan Stanley back on the pedestal of highly respected Wall Street firms. How long it stays there is anyone's guess, but now may not be the time for investors to bet against it.  |
Registered Rep. February 19, 2010 Jerry Gleeson |
Merrill Hires Executive from MSSB A senior executive at Morgan Stanley Smith Barney has jumped ship for Merrill Lynch. Jimmy Tighe, former New York City regional director for Morgan has been hired by Merrill as managing director and business & resource integration executive at Merrill Lynch Wealth Management.  |
Registered Rep. October 20, 2010 Kristen French |
Morgan Stanley Q3 Earnings Dive 67%, Wealth Management Is Most Profitable Division Morgan Stanley Smith Barney dunked into the red in the third quarter, with earnings falling 67 percent to 5 cents a share, due to a sharp decline in the firm's institutional securities business.  |
Registered Rep. February 2, 2006 Kristen French |
Morgan, BlackRock Talks Reportedly Off Alleged takeover talks between Morgan Stanley and institutional money manager BlackRock have reportedly been called off due to a runup in BlackRock's stock price.  |
The Motley Fool June 20, 2007 Ryan Fuhrmann |
Morgan Stanley Still Shining The brokerage house is riding high, with no signs of a slowdown. In less than two years, John Mack has turned Morgan from a chronic underperformer to the toast of Wall Street.  |
Registered Rep. January 14, 2011 Kristen French |
Some MSSB Advisors Upset by Johnston's Departure Morgan Stanley CEO James Gorman announced Thursday that Greg Fleming, head of the firm's asset management business, will replace Charles Johnston as head of wealth management.  |
Registered Rep. August 25, 2006 Kevin Burke |
Merrill Fighting Back Against Recent Defections The recruiting war for top brokers remains fierce. The latest evidence of the fight to win million-dollar producers involves the industry's biggest firms.  |
Registered Rep. August 12, 2005 Kristen French |
Morgan Pink-Slips Brokers, Clients Reassigned New Morgan Stanley CEO John Mack made his first big move on Morgan's rank-and-file this week, instructing branch managers to dismiss approximately 1,000 brokers.  |
Registered Rep. December 19, 2007 John Churchill |
Morgan Stanley's Earnings Disaster: This Could Leave A Mark Analysts think last years errors could cost Morgan Stanley dearly down the road in lost employees and clients.  |
The Motley Fool September 21, 2005 Stephen D. Simpson |
Morgan Moves On In the wake of a high-profile battle at the top, Morgan Stanley tries to get back to the business of business. But is the board up to snuff and concerned with protecting regular shareholders?  |
Registered Rep. November 10, 2005 Kristen French |
Morgan Stanley Waves Baby Carrot at Sales Assistants The brokerage announced plans to bump up the 2006 raise pool to 3.5 percent, and will offer an additional 5 percent to some underpaid SAs, starting in December.  |
Registered Rep. September 7, 2005 Kristen French |
Post-Purcell Shuffle Claims Marsh, More Morgan Directors to Follow? The changing of the guard at Morgan Stanley continues as leadership loyal to departed CEO Philip Purcell heads for the exits.  |