Phil Purcell news from FierceFinance

On Wall Street, life can change in a blink. One minute Stanley O'Neal is on top of the industry. A few quarters later, he's been dusted. But he is hardly alone. Financial News Online has put together Read more...

Last quarter, Morgan Stanley's average trading VAR rose about 30 percent from a year earlier to $81 million. This is not out of whack compared with other firms' VARs. But it does indicate that Read more...

Remember the heady days of Phil Purcell's final stand at Morgan Stanley. A group of big-name executives, Read more...

Phil Purcell is gone, but his expenses remain. A recent proxy shows that Morgan plans to pay almost $8 million (as part of a larger exit package) in secretarial services, annual salaries and Read more...

Morgan Stanley CEO John Mack appointed the firm's vice chairman of investment banking, Robert Scully, as the co-president of the Wall Street firm. He will serve alongside Zoe Cruz, who has survived Read more...

The latest sign that John Mack has consolidated his power base at Morgan Stanley: Directors Edward Brennan, John Madigan, and Miles Marsh have all stepped down. All three--along with the recently Read more...

So how is John Mack faring at Morgan Stanley? The early accounts were fairly positive. He was certainly saying all the right things, especially to the beleaguered retail brokerage staff. It's fair to Read more...

You could see this coming. Phil Purcell's critics decried the poor history of the firm's asset management business, which was beset by high outflows, periods of weak performance and regulatory Read more...

Major changes could be coming to the controversial Morgan Stanley board. The resignation of Michael Miles, who had strong ties to ex-CEO Phil Purcell, is a strong indication that a new board is in Read more...

This is how The New York Times describes the end of Phil Purcell's Morgan Stanley career: "In the annals of Wall Street putsches, Mr. Purcell's humiliating fate is unprecedented. A Read more...