Word: morganize
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Jonothan Zhu, chief executive officer of Morgan Stanley China, calls himself an "accidental banker"--and for good reason. In the late 1980s, the Shanghai-born Zhu was studying the poetry of William Wordsworth in a Ph.D. program at New York's Cornell University. Wordsworth, he says, wrote his best work during the French Revolution, a period Zhu felt reflected his own experience in Mao's China. But in 1988, Zhu's life changed forever when he joined other Chinese studying abroad on a special tour of his home country, organized by the communist government. He met farmers and fishermen, visited...
...MORGAN STANLEY CHINA, HONG KONG...
...Cornell, Wordsworth had suddenly lost its appeal. "I wanted to be involved," Zhu recalls. "I wanted to do something more useful than studying poetry written by a dead person." He took a leave from the doctorate program--never to return--shifted into law school and in 1995 joined Morgan Stanley as an investment banker. Since then, Zhu, 42, has made himself very, very useful to the Chinese economy. Morgan Stanley has raised $20 billion for Chinese companies, mainly through initial public offerings of stock, and Zhu has been involved in nearly all of them, including mobile-phone-service provider China...
...things get so bad so fast? "The problem with a stock like this is that it attracts fanatics," says Brian Ruttenbur, an analyst at Morgan Keegan. Enthusiasts, says Ruttenbur, treated Taser like a dotcom, sending its price soaring, even though the company posted just $4.4 million in earnings in 2003. The company's rapid growth--some 10% of the nation's 1.1 million officers now have a stun gun--led investors to hope that soon every police officer would get a Taser, just as most carry batons and pepper spray...
When Goldman Sachs and J.P. Morgan come calling, we’re ready with our stellar GPAs and glowing resumes, bloated by malleable TFs and overenrolled, steeply curved core classes. Intellectual curiosity is lost amidst a culture that encourages individual profit above all else...