Phil Purcell news from FierceFinance
News
O'Neal join illustrious ranks of ousted CEOs
Morgan Stanley hungry for more risk?
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...
Morgan Stanley's 2005 rebels
Morgan Stanley still paying for Purcell
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...
Cruz thrives at Morgan Stanley, despite odds
Mack reconfiguring Morgan Stanley board
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...
Update: John Mack's attempt to revitalize Morgan Stanley
Another Purcell ally leaves Morgan Stanley
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...
Morgan Stanley board poised for reorganization?
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...
The future of Phil Purcell
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...

