Word: morganized
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Dates: during 1990-1999
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...waiting room,' the officers interrogated him for nine hours before the Egyptian embassy in Washington would confirm that el-Gaili was not, in fact, a terrorist. El-Gaili's Egyptian experience, is removed, and yet not, from his preparations to move to New York City after graduation. At Morgan Stanley el-Gaili will analyze oil and gas deals before proceeding to Columbia Law School to study corporate and constitutional law. While seemingly on a straightforward professional career path, el-Gaili says he wishes to use his education to improve conditions in Sudan...
...Margaret Morgan Grasselli '73, who was a Quad resident while an undergraduate, says "more women would have liked to have lived in the Harvard Houses, but it wasn't that easy" because of the restrictions. Meanwhile, "attracting the men up to Radcliffe was, sad to say, not that easy...
...this case, SK Securities entered into a currency-swap deal with Morgan in early 1997 whereby SK Securities in effect borrowed U.S. dollars and invested them in Thai baht. But within a year the baht plunged in value, from 25 to 48 to the dollar, and the Korean firms couldn't cough up the dollars to repay Morgan. They subsequently sued Morgan in New York and in South Korea, claiming they weren't properly advised of the risks associated with derivatives...
...other words, they pleaded stupidity. "That's hard to believe," says Mark Brickell, managing director of J.P. Morgan's derivatives group. "When you don't have an alternative, you do the last thing you can do. They didn't have the money at hand, and they chose this route as a way to try to get out of the contracts." Morgan's predicament has nevertheless tarnished its famous bank division's golden debt rating and fueled speculation that the company is a candidate for sale...
...Morgan maintains, like all banks, that it has properly managed its risks abroad. "The impact of derivatives over the past 15 years on the banking industry is that today we can manage risks better then ever before," says Brickell. "We may hit a pothole from time to time and even get a flat tire. But we've traveled a long, long...