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Article: Ex-Morgan Stanley Execs Want Purcell Out
- Article from:
- AP Online
- Article date:
- March 31, 2005
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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AP Online
03-31-2005
Dateline: NEW YORK
Morgan Stanley Chief Executive Officer Philip J. Purcell speaks at a New York news conference in this Feb. 5, 1997, file photo. Morgan Stanley's former chairman, Parker Gilbert, and former president, Robert Scott, are calling for Purcell's ouster, saying a recent management shakeup he engineered was not in the best interests of the company. (AP Photo/Kathy Willens, File)
Eight former executives of Morgan Stanley appealed to the investment bank's board for a second time on Thursday to oust Chief Executive Philip Purcell, arguing that the firm has lost its way under his leadership.
The letter signed by the former executives, including former Chairman ...