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Morgan Stanley Chairman Mack to retire at year-end

 From reuters.com
( Reuters ) - Morgan Stanley <MS.N> Chairman John Mack , whose sharp elbows and aggressive cost-cutting tactics earned him the nickname "Mack The Knife," will step down at year-end, handing the post to Chief Executive James Gorman . Mack, 66, joined Morgan Stanley in 1972 as a bond salesman and worked his way up through the ranks to become president and chief operating officer of Morgan Stanley Dean Witter in 1997. He left in 2001 after a power struggle with former CEO Phil Purcell . In 2005...Read Full Story

Wealth management expenses weigh on Morgan Stanley

 From reuters.com
NEW YORK ( Reuters ) - Senior executives at Morgan Stanley <MS.N> expressed impatience with the profitability of the company's retail brokerage business on Thursday, despite reporting progress in the unit's joint venture with Citigroup 's <C.N> Smith Barney . Second-quarter net revenue in the company's global wealth management group climbed 13 percent from a year ago to $3.48 billion on higher asset-management fees and trading gains, but pretax profit margin slipped to 9 percent from 10...Read Full Story

Morgan Stanley fights NY executive pay lawsuit

 From reuters.com
NEW YORK ( Reuters ) - In a case stemming from the public outcry over multimillion dollar executive pay even as the U.S. government bailed out financial firms, Morgan Stanley lawyers argued on Thursday that shareholders had not shown legal standing to seek damages at trial. A pension fund in February sued the directors and officers of the investment bank, including current and former chief executive officers John Mack and James Gorman , whose lawyers are seeking to dismiss the lawsuit, partly...Read Full Story

Video: Morgan Stanley's Gorman Calls Accounting Gain `Anomaly'

By scottpasinski on  From clipsyndicate.com
Oct. 19 (Bloomberg) -- James Gorman, chief executive officer at Morgan Stanley, talks about the company's third-quarter profit, operations and business outlook. Morgan Stanley today said net income was $2.2 billion, or $1.15 a share, compared with $131 million, or a loss of 7 cents a share after preferred dividends, a year earlier. Gorman speaks with Erik Schatzker on Bloomberg Television's "Fast Forward." (Source: Bloomberg)Read Full Story

Key players in Morgan Stanley's CEO succession

 From ap.org
Investment bank Morgan Stanley announced a succession plan Thursday for its CEO, John Mack, that will occur at the end of the year. Here are short sketches of Mack, his successor James Gorman, and Walid Chammah, who will become the chairman of the bank's overseas operations, based in London. > _ JOHN J. MACK. Age: 64. Mack will step down as CEO on Jan. 1, 2010 but will continue to serve as chairman. Mack has been CEO since his return to the firm in 2005 after being forced out of his prior...Read Full Story
RANCHO SANTA FE ---- Morgan Stanley Smith Barney financial advisers Robert O'Connor, Leslie Monteath and Ryan Green, will hold "Coffee in the Ranch," a continental breakfast meeting at 9 a.m. Feb. 15 at the Inn at Rancho Santa Fe, 5951 Linea Del Cielo.  
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Feb 13, 2012 (Pivot alerts via COMTEX) -- Shares of Morgan Stanley (NYSE:MS) have bullishly opened above the pivot of $19.72 today and have reached the first resistance level of $19.93. Should the shares continue to rise, the resistance pivots of $20.21 ...  
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(The following statement was released by the rating agency) OVERVIEW -- We lowered our ratings on six commercial mortgage pass-through certificates from Morgan Stanley Capital I Trust 2006-IQ11, a U.S. CMBS transaction. -- Concurrently, we affirmed our ...  
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Feb 13, 2012 (Analyst Reflections via COMTEX) -- Morgan Stanley was downgraded from Buy to Hold by Collins Stewart one week ago. Morgan Stanley stocks closed at $19.66, a 3.2% loss over the course of one week. Morgan Stanley (NYSE:MS) has potential upside ...  
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H&R Block (NYSE: HRB) traded lower Monday after Morgan Stanley reported that franchise volumes are below expectations. A July 19/23 Out of The Money Bear-Call Credit Spread looks like an attractive way to play HRB today. This strategy aims for a return of 5.26% and HRB is 16% out of the money. Recent support for this stock has been demonstrated near $16.65 wh...  
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Brent crude in London may fall to as low as $85 a barrel this year as supplies increase and global demand slows, said Morgan Stanley. (MS) Crude inventories may increase in the first half of this year, putting pressure on prices to come lower if ...  
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James Gorman walked across the stage of the auditorium on the top floor of Morgan Stanley's Times Square headquarters. It was late October, and he was in the midst of the second investor revolt that he has been through in three years, with the ...  
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Editable by Any Member

Walid Chammah, 53, joined Morgan Stanley in 1993 as Head of U.S. Debt Capital Markets. In 1996, he was promoted to Worldwide Head of Debt Capital Markets Services. In 2001, Mr. Chammah's responsibilities were extended to include Worldwide Leveraged Finance and in 2002, he formed and was Head of the Global Capital Markets Group, which combined the Firms debt and equity capital markets activities. In 2005, Mr. Chammah was named Global Head of Investment Banking and in July 2007, he was named Chairman and Chief Executive Officer of Morgan Stanley International overseeing all of the Firms operations in Europe, the Middle East, and Africa.

Before joining Morgan Stanley, Mr. Chammah was a managing director of Credit Suisse First Boston, responsible for U.S. Taxable Fixed Income Capital Markets and Structured Finance Groups. He had previously been a senior vice president with Blyth Eastman PaineWebber, responsible for liability management swaps.

A native of Lebanon, Mr. Chammah graduated from the American University of Beirut with a Bachelor of Business Administration in 1976 and received a Masters Degree in International Management from American Graduate School of International Management in 1977.

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