Morgan Stanley

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Title: Morgan Stanley

Essay Details:

Subject: Technology

Author: Lucy P

Date: February 28, 2016

Level: University

Grade: A

Length: 4 / 906

Essay text:

The merger altered the working environment of Morgan Stanley and created a divide in employee acceptance of the Retail Brokerage segment. It did not integrate well with the firm partly due to the information systems being different to the rest of the company. Under CEO Philip Purcell’s management, Morgan Stanley’s infrastructure and systems did not grow with the needs of employees and customers, nor did it apply future technologies to their current systems, it’s focus was reducing overheads to maximize profits in the short term. Many brokers resigned, taking with them valuable portfolios and profits...

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