Morgan Stanley's 2005 rebels

Remember the heady days of Phil Purcell's final stand at Morgan Stanley. A group of big-name executives, infuriated that Purcell would not step down, quit in protest, charging that the then-CEO had ruined the firm. Well, what has become of the rebels? It's fair to say that there is life after Morgan Stanley. Most famously, Vikram Pandit, John Havens and Guru Ramakrishnan quickly formed hedge fund Old Lane Capital and promptly sold it to Citigroup for more than $600 million and lucrative jobs. Joseph Perella also formed his own boutique, where a number of Morgan Stanley pirates now work. Stephen Crawford was a co-founder of Centerview Partners. Vikram Gandhi is now head of global financial institutions at Credit Suisse. Jon Anda, former co-head of capital markets is now president of Environmental Defense's environmental markets network.

For more:
- here's the Financial News Online article