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Tuesday April 12, 07:33
Dissident Morgan execs tighten grip on Purcell
(by Roy Deng)

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Dissident Morgan execs tighten grip on Purcell The third letter was submitted by the dissident executives of Morgan Stanley in their long-lasting fight for the board meeting amid the criticism of the company’s CEO Philip J. Purcell.

The letter, submitted by eight Morgan’s executives, posed 14 questions to the directors, raising the problem of Purcell’s possible link to the recent ouster of the company’s senior executives.

Mr. Purcell faces tough times amid the criticism from some public pension funds that are «concerned with the issue.» The California Public Employees’ Retirement System, or Calpers, said Monday it would seek for a meeting with Morgan Stanley.

The move may have crucial effects on Purcell, some analysts say. The New York State Common Retirement Fund’s Alan G. Hevesi declined to comment on his view of the problem.
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Read the related news and articles:
20 May 2005 09:58 AM Morgan has to pay Perelman $1.45 billion
20 May 2005 05:38 AM MORGAN STANLEY RAISED CLARIANT TO "EQUAL-WEIGHT"
19 May 2005 10:47 AM Morgan Stanley’s ads will be pulled out from media with negative publications
18 May 2005 09:00 AM MORGAN STANLEY RAISED ELECTROLUX TO "EQUAL-WEIGHT" FROM "UNDERWEIGHT"
17 May 2005 07:49 AM Morgan Stanley ordered to pay out $604 mln to Perelman
 


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