Word: stanley
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...popular misconception that the Internet is hurting is all wrong. Mary Meeker is hurting; venture capitalists are hurting; Morgan Stanley is hurting - the Internet is not hurting...
Mack took over at CSFB, like Morgan a power player in global banking and trading, after its Swiss bosses sacked CEO Allen Wheat two weeks ago. Mack was available, having left the No. 2 job at Morgan Stanley in March following a huge career miscalculation. After Morgan Stanley merged with Dean Witter a few years back, Mack thought he would get to run it. He didn't, so he moved on. That's the way it is with type A's, a breed drawn to Wall Street like suckers to a flawed...
...Morgan Stanley, the question is more along the lines of, Did the firm do right by its customers? Should it have underwritten so many high-risk companies? The short answer is yes. The firm was merely doing what it always does: matching those who need capital (dreamy dotcom start-ups) with those eager to supply it (dreamier market neophytes, as well as a large number of institutional investors). Sometimes the dreams come true. After all, Morgan floated Microsoft and AOL, speculative plays in their early days...
...attention because both his new and old firms were doing much of the underwriting. At CSFB, star tech banker Frank Quattrone brought in the mother lode: CSFB took public 142 tech companies in 1998-2000. In the same period, while Mack was the top hands-on manager at Morgan Stanley, his firm underwrote 68 tech-stock ipos, according to Thomson Financial. The firms ranked 1 and 3, with Goldman Sachs notched in between...
...stumbling CSFB grabbed Mack, whose own record for running a clean ship is pretty much unblemished. Mack was even rumored to be on the short list to succeed Arthur Levitt as head of the Securities and Exchange Commission. He's known for giving egocentric bankers--Quattrone while at Morgan Stanley, for one--the boot rather than caving to princely demands...