Word: mackli
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...picture of two buttoned-down bankers from highfalutin Wall Street power Morgan Stanley smiling and waving their Discover cards would have looked preposterous just five years ago. These are not regular guys. Morgan's chairman, Richard B. Fisher, and CEO, John J. Mack, made $7 million each in 1995. Platinum-card material, wouldn't you say? Don't look for this pair at the self-service pump...
...when the two flashed their Everyman's credit cards for the press last week, somebody should have checked the dates. The cards were so shiny they might have been minted that morning--and not so Fisher and Mack could go on a shopping spree at Sears. No. They had already been shopping in a much bigger store: the stock market. The cards were part of their quarry, a $10 billion merger with Dean Witter Discover that signals an interest in common folks unprecedented at Morgan Stanley since it split from the J.P. Morgan bank...
...Purcell figures that the price was right and that with commercial banks becoming big players in the brokerage business, he had to act. Or maybe he's hedging his bets. Plenty of people believe traditional retail brokerage is headed for extinction. Plenty also think this merger won't work. Mack denies it, but he's fuming over Purcell's getting the top job. And I'd like to be there the first time a working-stiff broker from Dean Witter tells a millionaire banker from Morgan to set aside 100 shares of a hot new-stock deal...
...raunchy, sweet through not saccharine, and are always on the right side of the fine line separating light-hearted from vacuous. Furthermore, the band is known primarily for the quality of its music, not its extracurricular reputation, unlike other groups such as Jodeci who rely on a playa-gangsta-mack image to sell-records...
Well, not exactly. Nick isn't leaping ahead with the sort of innovative live-action fare it serves up in the evenings (The Secret World of Alex Mack) but rather with repeats of its weekday cartoons like the clever Rugrats, as well as reruns of older Saturday-morning shows that were canceled by the major networks years ago. "When Nickelodeon is able to beat broadcast networks with repeats of Muppet Babies and Beetlejuice," notes Jamie Kellner. head of the WB, "it suggests the matter goes far beyond programming...