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Article: Cut and thrust of making it at Morgan Stanley; Former staffer Jonathan Notley gives a glimpse behind the scenes at the Wall Street bank where a power struggle is raging.
- Article from:
- The Evening Standard (London, England)
- Article date:
- April 15, 2005
CopyrightCOPYRIGHT 2005 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: JONATHAN NOTLEY
AS Morgan Stanley chairman and chief executive Philip Purcell fights for his corporate life, it's a sure bet the whispers and rumours among the rank and file of one of the world's top investment banks will become ever more bizarre.
The power struggle at Morgan Stanley - between Purcell and eight dissident shareholders calling for his ousting and replacement with former director Bob Scott - may be going on above the heads of the bank's more ordinary workers.
They might not even yet be directly affected. But they will have their eyes on the high-stakes jockeying among Morgan Stanley's Wall Street titans.
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