Morgan Stanley
Headquarters:
1585 Broadway
New York, NY 10036
Employees: 48,256
CEO: John Mack
Website: http://www.morganstanley.com
Stock Symbol:
MS
Career Page
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Morgan Stanley is one of the world's top financial services companies. It is a leader in investment banking, private wealth management, bond and stock trading.
In September due to the financial turmoil in the stock markets, Morgan Stanley converted into a bank holding company to allow it to accept deposits from customers and also funds from the Federal Reserve.
Morgan Stanley is a leader in financing Initial Public Offerings, Mergers & Acquisitions and serving as financial advisors to major corporations. It has over 600 offices in 30 countries.
For fiscal 2007, Morgan Stanley reported
revenues of $28 billion, down from $33.9 billion in 2006. The
company has been hurt by mortgage-related problems. Net income
was $3.2 billion, down from $7.4 billion the previous year.
Morgan Stanley announced it would get a
$5 billion capital infusion from China Investment Corporation
to boost its finances.
The company announced it would cut 1,000 jobs from its mortgage operations this year.
The company spun off the Discover Card
business in an IPO in 2007.
History
In 1935, Henry Morgan, Harold Stanley and
others left JP Morgan & Co. and Drexel & Co. to form
investment banking firm Morgan Stanley. In its first full year,
the firm achieved 24% market share of public stock offerings.
In 1941, Morgan Stanley joins the New York Stock Exchange and
entered the brokerage business.
In 1964, the company created the first
computer model for performing financial analysis. In 1967, a
Paris division was opened to pursue the growing European securities
market.
Morgan Stanley would establish a real estate
financing division in 1967 and created a Mergers and Acquisitions
division in 1971.
Morgan Stanley merged with Dean Witter,
Discover & Co. in 1997 to form a dominant force in securities
and asset management.
Benefits
Employees receive health, dental and vision
plans. Up to 5 weeks of vacation is available for new employees.
The company also provides life insurance,
travel and accident insurance, employee stock purchase plan and
optional 401(k). Fitness centers also available at some locations.
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