Blue Blood and Mutiny:The Fight for the Soul of Morgan Stanley

Blue Blood and Mutiny:The Fight for the Soul of Morgan Stanley
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作者:
出版社: HarperCollins
2007-09
ISBN: 9780060881917
定价: 251.70
装帧: 精装
开本: 其他
纸张: 其他
页数: 432页
正文语种: 英语
2人买过
  • TheinsidestoryofthepowerstrugglethatrockedWallStreet'smostprestigiousfinancialinstitutionWhatbeganwithashotoverthebowendedinashockingcoupd'etat.InlessthanfourmonthsagroupofeightretiredexecutivesorchestratedastunningrevoltwithinMorganStanley,thevenerableand—untilrecently—mostsuccessfulfinancialservicesfirmonWallStreet.NowacclaimedjournalistandhistorianPatriciaBeardbringstogethertheentirebehind-the-scenesstoryinBlueBloodandMutiny,areal-lifebusinessthrillerexposingthetalethatshookhighfinance.InMarch2005thebusinessworldwokeuptoanunprecedentedfull-pageadintheWallStreetJournalcallingfortheremovalofMorganStanley'sCEO.ItwaspaidforbyacohortofeightformerMorganStanleyexecutives,includinganex-chairmanandanex-president,whosoonwouldbedubbedthe"EightGrumpyOldMen."TheirtargetwasCEOPhilipPurcell,amidwesternerwhohadcometopowerfollowingMorganStanley's1997mergerwithDeanWitterDiscover,wherePurcellhadbeenchiefexecutive.InhiseightyearsasCEO,Purcellhadpresidedovera50percentdeclineinstockpricesinceitspeakin2000andaseriesofhigh-profilegovernmentandcivillawsuitsthathadtarnishedthecompany'sonce-sterlingreputation.JustafewmonthsaftertheJournalad,Purcellwouldretireunderpressure,andformerpresidentJohnMack,whohadbeenpushedoutbyPurcell,wasappointedCEO.The"EightGrumpyOldMen"wonthebattle.TherevoltoftheEightisaboutmorethanthestockprice,oranybottom-linemetrics:itsignalsaclashofculturesandabattleforthesoulofAmericanbusiness.Sinceitsfounding,MorganStanleyhasbeenaneliteenterpriseguidedbyJ.P.MorganJr.'smotto"AFirstClassBusinessinaFirstClassWay."TheHouseofMorganstoodforsomethinglargerthansuccesswithhonor;itsethoswasunique—somewouldsaysacred—andtheeightretiredexecutivesbelievedthisidealhadbeenunderminedduringPurcell'sreign.Openingthelong-closeddoorsofabastionofWallStreetthathasmaintainedthestrictestprivacyuntilnow,BlueBloodandMutinyweavesthehistoryofMorganStanleywiththeinsidestoryofthefightfordominancebetweentwocompetingbusinesscultures—one,thecollegialmeritocracyhandeddownfromthedaysofJ.P.Morgan,andtheother,acold,contemporarycorporatemodel.Hereistheseason'smust-readbookforanyonewhowantstounderstandthefutureofAmericanbusiness. Patricia Beard is the author of After the Ball and hundreds of national magazine articles. She has been an editor at Elle, Town & Country, and Mirabella. Beard lives in upstate New York.,
  • 内容简介:
    TheinsidestoryofthepowerstrugglethatrockedWallStreet'smostprestigiousfinancialinstitutionWhatbeganwithashotoverthebowendedinashockingcoupd'etat.InlessthanfourmonthsagroupofeightretiredexecutivesorchestratedastunningrevoltwithinMorganStanley,thevenerableand—untilrecently—mostsuccessfulfinancialservicesfirmonWallStreet.NowacclaimedjournalistandhistorianPatriciaBeardbringstogethertheentirebehind-the-scenesstoryinBlueBloodandMutiny,areal-lifebusinessthrillerexposingthetalethatshookhighfinance.InMarch2005thebusinessworldwokeuptoanunprecedentedfull-pageadintheWallStreetJournalcallingfortheremovalofMorganStanley'sCEO.ItwaspaidforbyacohortofeightformerMorganStanleyexecutives,includinganex-chairmanandanex-president,whosoonwouldbedubbedthe"EightGrumpyOldMen."TheirtargetwasCEOPhilipPurcell,amidwesternerwhohadcometopowerfollowingMorganStanley's1997mergerwithDeanWitterDiscover,wherePurcellhadbeenchiefexecutive.InhiseightyearsasCEO,Purcellhadpresidedovera50percentdeclineinstockpricesinceitspeakin2000andaseriesofhigh-profilegovernmentandcivillawsuitsthathadtarnishedthecompany'sonce-sterlingreputation.JustafewmonthsaftertheJournalad,Purcellwouldretireunderpressure,andformerpresidentJohnMack,whohadbeenpushedoutbyPurcell,wasappointedCEO.The"EightGrumpyOldMen"wonthebattle.TherevoltoftheEightisaboutmorethanthestockprice,oranybottom-linemetrics:itsignalsaclashofculturesandabattleforthesoulofAmericanbusiness.Sinceitsfounding,MorganStanleyhasbeenaneliteenterpriseguidedbyJ.P.MorganJr.'smotto"AFirstClassBusinessinaFirstClassWay."TheHouseofMorganstoodforsomethinglargerthansuccesswithhonor;itsethoswasunique—somewouldsaysacred—andtheeightretiredexecutivesbelievedthisidealhadbeenunderminedduringPurcell'sreign.Openingthelong-closeddoorsofabastionofWallStreetthathasmaintainedthestrictestprivacyuntilnow,BlueBloodandMutinyweavesthehistoryofMorganStanleywiththeinsidestoryofthefightfordominancebetweentwocompetingbusinesscultures—one,thecollegialmeritocracyhandeddownfromthedaysofJ.P.Morgan,andtheother,acold,contemporarycorporatemodel.Hereistheseason'smust-readbookforanyonewhowantstounderstandthefutureofAmericanbusiness.
  • 作者简介:
    Patricia Beard is the author of After the Ball and hundreds of national magazine articles. She has been an editor at Elle, Town & Country, and Mirabella. Beard lives in upstate New York.,
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