|
|
Article: POWER ON WALL STREET RARE COMMODITY FOR WOMEN : ELAINE LA ROCHE'S WORK AT MORGAN STANLEY PUTS HER AMONG THE ELITE.(BUSINESS)
- Article from:
- Daily News (Los Angeles, CA)
- Article date:
- July 5, 1996
CopyrightCOPYRIGHT 1996 Daily News. 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)
|
Byline: Peter Truell The New York Times
When Morgan Stanley & Co. needed to slice tens of millions of dollars in costs, a task neither pleasant nor the least bit glamorous, it turned to Elaine La Roche.
La Roche, 47, has gotten the job done briskly. She cut travel expenses by declaring expensive hotels like the St. Regis in New York off-limits. John J. Mack, Morgan Stanley's president, found himself flying coach on a recent trip to Atlanta.
She has trimmed the corporate-services staff by about 160 jobs, including the firm's library staff, leaving some investment bankers growling about having to do much more of their own research. She has also ...