Word: witter
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Dates: during 2000-2009
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...served as rainmaker and mentor for the firm's ?lite investment bankers for 12 years. But even Perella, a renowned dealmaker, couldn't find any middle ground in a family feud ignited the day the Ivy Leaguers at Morgan sold out to the hard-knocks brokers at Dean Witter Discover...
...alone. That's the lesson behind last week's sacking of CEO David Pottruck at discount brokerage Charles Schwab. Since taking the sole helm at Schwab 14 months ago, Pottruck has been unable to make the firm's middle-market strategy pay. And with onetime everyman firms like Dean Witter gone and Merrill Lynch refocused on the rich, it's not clear that anyone will step up with a full plate of services for ordinary folks...
...launched an industry-wide investigation of mutual fund sales in November 2003, and Morgan Stanley Dean Witter and Massachusetts Financial Services have been fined $50 million each for undisclosed directed brokerage...
...Morgan Stanley Dean Witter--the World Trade Center's largest tenant, with 3,700 employees--sticking with its evacuation plan was critical to saving lives. Although someone on the south tower's public-address system informed workers that it was safe to return to their offices, Morgan's security officers kept them moving down dozens of flights of stairs. The result: all but six employees escaped. "Everybody knew about the contingency plan," said a Morgan spokesman. "We met constantly to talk about...
...performance can also be partially attributed to a few key players who deserve our gratitude. Despite the considerable profit to be gained, a number of sizeable brokerage firms recommended that their clients hold onto their stocks today, including Charles Schwab & Company, Merrill Lynch & Company, Morgan Stanley Dean Witter (which had substantial offices in the World Trade Center) and Salomon Smith Barney. We are happy to see that this tragedy has brought out the best in America’s companies, showing the world that money is not our top priority...