Shareholders and Former Senior Executives of Morgan Stanley Issue Third Letter to the Board of Directors.
PR Newswire Europe, April, 2005
NEW YORK, April 11 /PRNewswire/ -- Today a group of shareholders and former members of senior management of Morgan Stanley sent a third letter to the Board of Directors.
"April 11, 2005
Open Letter to the Board of Directors of Morgan Stanley:
Last week, in an open letter to Morgan Stanley's employees, in which he discussed recent criticisms of his performance and calls for his replacement, your CEO, Phillip Purcell wrote: "I would not have chosen this debate to be so publicly aired." We agree and demonstrated as much when we wrote to you in advance of the Company's annual meeting in March, to express our concerns and to request a private meeting with you to discuss them. You have stated that you believe there is no "fair and compelling...
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