Word: witters
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...INSIDE Morgan Stanley Dean Witter was the single largest tenant in the south tower, leasing 21 floors. Both buildings hold 50,000 people...
...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...
...post-bubble witch hunt, two Internet analysts are getting most of the blame--Henry Blodget at Merrill Lynch and Mary Meeker at Morgan Stanley Dean Witter. They're natural targets. Both work at influential brokerage firms. Both reportedly made $15 million, give or take, as Internet stocks soared in 1999. And both now concede the obvious: they were too slow to downgrade dozens of stocks. Their bullishness in the face of impending disaster has riveted attention on the analyst's role across Wall Street. It's not a pretty picture...
...There are all kinds of unforeseeable and unintended consequences of what's going on," says Barton Biggs, chief global strategist at Morgan Stanley Dean Witter. He's especially dour on the economy, saying corporate earnings will fall 20% this year and that before it's all over we will have a full-fledged recession with bouts of Japanese-style deflation. He's less worried about the stock market, though, believing a rally is imminent. (For more on his bearish view, see Personal Time: Your Money...
...small grin--a smirk, really. I got one for noticing the GRIZZLY BEAR CROSSING sign on his wall, near a swollen bookcase burdened with such cheery titles as Blown to Bits, Cleaning Up the Mess and Debt Shock. No question: Biggs, chief global strategist at Morgan Stanley Dean Witter, is Wall Street's ranking pessimist. As such, being right--as he has been lately--is a mixed blessing. It means things suck. So it would be unseemly to gloat. Yet Biggs could, even should, given that 16 months ago he was dismissed as, in his word, "antiquated." In November...