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Article: Morgan Stanley feud: Will the wounds heal?
- Article from:
- International Herald Tribune
- Article date:
- April 8, 2005
- Author:
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Landon Thomas Jr.
International Herald Tribune
04-08-2005
More than a week since a battle between rival factions over Morgan Stanley's future flared up, it is becoming clear that the victor will preside over a wounded Morgan Stanley, one that may fail to measure up to either side's quixotic vision of the storied Wall Street investment house. Philip Purcell, Morgan Stanley's chief executive, is scrambling to fend off a campaign of attacks from eight retired Morgan Stanley executives that accuses him of mismanaging the company and demands that he resign. If he survives, Purcell, a chief executive with an aloof management style that inflames his critics, will emerge a weakened leader. And ...