Friday, June 23, 2006

A new Morgan Stanley?

You have to admit the company seems a lot healthier than it did a year ago: revenue and earnings are both up sharply; the company is doing much better than most brokerage firms. And, they're getting ready to try to overthrow the Perleman judgment. They have a new legal team; the appeal will be heard by a three judge panel, rather than the judge who awarded Perelman punitive damages of $1.58 billion.

I guess the stockholders are happy that Mack is in charge.

No comments: