Word: smiths
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...opening sequence of a 1980’s sitcom,” James P. Alexander ’10 said. Ritchell R. van Dams ’11, sitting next to Alexander at one of Lev’s rectangular tables, agreed. “Like something Will Smith was wearing,” Ritchell said. Although Amy Elizabeth Smekar ’11 noted, “It was nice for Lev to collectively hate on something,” Rozier’s painting, which was greeted with a standing ovation at its September 2 unveiling, provides...
...firm's deposit base, which is a safer source of capital. And in a major break from the bank's 70-year history he de-emphasized investment banking as the driver of Morgan Stanley's profits. In June, he completed the purchase of a majority stake in Salomon Smith Barney's brokerage division, instantly turning Morgan Stanley, once an élite white-shoe institution, into the largest brokerage house in America. (See TIME's special report "The Financial Crisis After One Year...
...Morgan Stanley, Gorman has never been an investment banker. Gorman, a former McKinsey consultant, joined Morgan three years ago from Merrill Lynch, where he had run that firm's brokerage force. At Morgan, he was in charge of revamping the firm's brokerage division, and recently integrating the Smith Barney acquisition. Observers say Gorman's background will likely move Morgan further away from its roots...
...biggest change by far for Morgan Stanley comes from the acquisition of the Salomon Smith Barney brokerage division. The deal, which was announced in January, has boosted the number of brokers at Morgan Stanley to just over 20,000. That makes Morgan the largest brokerage house in the country. Brad Hintz, an analyst at Sanford C. Bernstein & Co., estimates that after the acquisition is complete Morgan will get 42% of its revenue from its brokerage division, up from 20% a year...
...slides and transparencies, and text documents—span all the way back into silent films and include international movies. Notably, the collection includes shots from films whose footage has been partially or wholly destroyed—such as Josef von Sternberg’s The Case of Lena Smith and Orson Welles’ The Magnificent Ambersons. The film collection is immense; “it took over [the Justs’] whole townhouse—except for the kitchen and bathroom,” said HFA Director Haden Guest. “That kind of collection is only...