Charles Johnston News
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James Gorman , Morgan Stanley ’s chief executive officer since last January, was awarded deferred stock and options valued at about $7.4 million for his performance in 2010, when the firm’s shares trailed rivals.
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Morgan Stanley reported a 35 percent increase in fourth-quarter earnings on record revenue from its brokerage, the world’s biggest. Fixed-income trading revenue was the lowest since the fourth quarter of 2008.
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Morgan Stanley reported a 35 percent increase in fourth-quarter earnings on record revenue from its brokerage, the world’s biggest. Fixed-income trading revenue was the lowest since the fourth quarter of 2008.
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Morgan Stanley reported a 35 percent increase in fourth-quarter earnings on record revenue from its brokerage, the world’s biggest. Fixed-income trading revenue was the lowest since the fourth quarter of 2008.
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Morgan Stanley shook up its top management ranks, naming Greg Fleming to replace Charles Johnston as president of the retail brokerage and picking Ken deRegt to take over for Jack DiMaio in attempting to turn around its fixed-income trading unit.
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Morgan Stanley , owner of the world’s biggest brokerage, is struggling to prove its new model works after failing to ride a surge in equity and bond markets.
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Morgan Stanley, the world’s largest brokerage, will probably close 120 additional U.S. offices to eliminate overlapping locations in its joint venture with Citigroup Inc.’s Smith Barney.
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Alexander Classen , head of Morgan Stanley ’s wealth-management operations in Europe, the Middle East and Africa, has left the firm after four years.
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Morgan Stanley Smith Barney, the world’s largest brokerage, cut about 200 jobs as the joint venture moves closer to full integration, according to a person with knowledge of the reductions.
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Morgan Stanley said it will miss profit-margin goals for its brokerage joint venture with Citigroup Inc.’s Smith Barney, blaming the May 6 market crash for scaring away investors.
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