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Monday April 18, 10:55
Morgan Stanley is facing next trouble
(by Natali Novak)

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Morgan Stanley is facing next trouble Morgan Stanley faces another trouble in its recent troubles line as its closest rivals started
to entice the firm’s best investment bankers.

Some Morgan Stanley bankers have accepted offers and are probably going to resign in the coming weeks, others are more likely to stay at the firm.

The number of investment bankers who leave for competing firms in the
coming months will shatter Mr.Purcell’s promise to unite and integrate the company.

The firm has already been facing extreme pitch as eight retired executives started thair passionate campaign calling for Mr. Purcell’s removal.

The fact that only one banker out of the 10 who have left flopped over to a rival firm, can ease the pain for Mr. Purcell and his new management team in circumstances when all company’s financial stats are falling down.
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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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