Word: ferlauto
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Dates: during 2005-2005
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...charge. Their broad plan is to re-Morganize Morgan in part by ditching the firm?s moderate-income clients and focusing on the wealthy. But the proposals are short on specifics. "We're trying to figure out if this is anything more than a grudge match," says Richard Ferlauto, director of Pension and Benefit Policy at the American Federation of State, County and Municipal Employees, an activist shareholder. Such worries are weighing on the stock, which has been a woeful underperfomer, falling 22% in the past five years, while more focused firms like Bear Stearns and Lehman Bros. have doubled...
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