Word: morganized
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...what drove me to be on the owner’s side.” Money talks, as the class of 1967 discovered (see sidebar), and for most careers, whoever controls the money controls the project to be accomplished. Chen connects the contract he just signed last week for Morgan Stanley’s real estate division with no feeling of duty but to his eventual dream to make buildings. “I see my two years at Morgan Stanley as a training ground for me to understand all the financial aspects of real estate...
...Throw in the fact that disappointed investors will likely migrate to those funds that did well during the recent bout of volatility and you have a shakeout scenario. Huw Van Steenis, an asset-management analyst with Morgan Stanley, told a forum of European hedge-fund managers in October that a "super-league" of funds is slowly taking control of the industry. In 2006, 67% of all assets under management were controlled by this élite group of the top 100 funds, compared with 49% in 2003. "We think there's going to be a Darwinian process, a sorting...
...pain when two hedge funds it managed nearly imploded in June--as the subject of the industry's most feverish when-will-he-go talk. Citi was far from alone in its troubles. BofA (profits down 32%) and Wachovia (down 10%) had bad quarters too, as did investment banks Morgan Stanley (down 7%) and Merrill Lynch (which recorded a loss...
...that he had picked up an oar for the first time just a season earlier. “Within a year, he was able to give all the guys who had been rowing for four or five years a good run for their money,” senior Breffny Morgan said. “He established himself in the team very quickly.”Unfortunately, Wintner suffered another injury—this time a fractured rib, a common rowing injury—shortly after the varsity lineups were released. The injured rib kept...
...Early on, Steichen recognized the value of networking. He started his Great Men series in the early 1900s and continued doing portraits of the likes of J. Pierpont Morgan, Richard Strauss, Theodore Roosevelt and Winston Churchill for much of his life. It didn't hurt his reputation that his brother-in-law, the well-known poet Carl Sandburg, published a biography, Steichen the Photographer, in 1929. In later years, Steichen's portraits tended toward show-business types like Gloria Swanson, mysterious behind a layer of lace, and W.C. Fields, hamming it up in his pajamas in one of the exhibition...