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WNYC's Coverage of the Democratic National Convention
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News
Morgan Stanley CEO Addresses Investors
by Amy Eddings
NEW YORLK, NY May 09, 2005 —Investors at Morgan Stanley are meeting tomorrow morning, to hear the CEO of the troubled white shoe firm, Philip Purcell, describe how he's going to restore confidence in Morgan Stanley despite its falling stock price, and a loss of top talent.
But Aaron Elstein with Crain's New York Business doesn't think Purcell is going to be around long enough to carry out any of his plans. Aaron Elstein joins WNYC's Amy Eddings.