Blue Blood & Mutiny (eBook)

The Fight for the Soul of Morgan Stanley

Patricia Beard (Autor)

eBook Download: EPUB

2009
Harpercollins (Verlag)
978-0-06-189914-0 (ISBN)

Infos

The behind the scenes story of the power struggle that rocked Wall Street's most prestigious financial institution.In March 2005 the business world woke up to an unprecedented full-page ad in the Wall Street Journal calling for the removal of Morgan Stanley's CEO. It was paid for by a cohort of eight former Morgan Stanley executives, including an ex-chairman and an ex-president, who soon would be dubbed the "e;Eight Grumpy Old Men."e; Their target was CEO Philip Purcell, who had come to power following Morgan Stanley's 1997 merger with Dean Witter Discover. In his eight years as CEO, Purcell had presided over a 50 percent decline in stock price since its peak in 2000 and a series of high-profile government and civil lawsuits that had tarnished the company's once-sterling reputation. Just a few months after the Journal ad, Purcell would retire under pressure, and former president John Mack, who had been pushed out by Purcell, was appointed CEO. The "e;Eight Grumpy Old Men"e; won the battle.Opening the long-closed doors of a bastion of Wall Street that has maintained the strictest privacy until now, Blue Blood and Mutiny is real-life business thriller exposing the tale that shook high finance. Weaving the history of Morgan Stanley with the inside story of the fight for dominance between two competing business cultures-one, the collegial meritocracy handed down from the days of J. P. Morgan, and the other, a cold, contemporary corporate model, acclaimed journalist and historian Patricia Beard has written a must-read book for anyone who wants to understand the future of American business.

Produkt-Details

• Erscheint lt. Verlag: 5.5.2009
• Sprache: englisch
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Planung / Organisation
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• ISBN-10: 0-06-189914-3 / 0061899143
• ISBN-13: 978-0-06-189914-0 / 9780061899140