Morgan Stanley ousts President amid shake up

Article Abstract:

Chief Executive Officer Philip Purcell of Morgan Stanley has appointed Stephen Crawford and Zoe Cruz co-presidents, succeeding Stephen Newhouse. The major shake up of top management leaves the future of other executives open to question. Mr. Purcell's leadership of the company has been challenged by former executives.

Financial management, Management dynamics, Security brokers and dealers, Management, Evaluation, Human resource management, Appointments, resignations and dismissals, Investor relations, Company Profile, Company business management, Company personnel management, MWD, Morgan Stanley, Cruz, Zoe, Crawford, Stephen, Newhouse, Stephen, Purcell, Philip

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NYSE chairman elects to forgo additional pay

Article Abstract:

Dick Grasso, the chairman of the New York Stock Exchange, has decided not to accept an additional compensation payment of $48 million. Grasso was given a controversial retirement and deferred-compensation package worth $140 million.

New York Stock Exchange Inc., Chairpersons, Grasso, Richard

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Schwab co-CEOs declined bonuses, gave up options

Article Abstract:

Charles Schwab Corp.'s co-chief executives, Charles Schwab and David Pottruck, turned down their bonuses for 2002. Both men also returned their stock option grants as the firm was affected by the weakness in the stock market.

Chief executive officers, Charles Schwab Corp., SCH, Schwab, Charles R., Pottruck, David

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