Company reviews
Morgan Stanley PDF Print E-mail
Written by Arturas Vaitaitis   
Friday, 05 January 2007

First impression, this is a company that tries to be a big bank and lean/mean financial institution. As a result it shows sign of both, a bureaucratic  I-bank and  a meritocracy startup. There are pin-pong tables and group dinners. At the same time, there is also a strict adherence to the corporate code. One thing that surprised me  is a number of smart people, lots of people from academia.

Morgan Stanley -- now under the new/old leadership of John J. Mack -- remains one of the premier financial institutions in the world, but in many ways, it's working to change its position in the market. On June 30, 2005, after months of internal arguing about who should lead the firm, the board named Mack chairman and CEO, just two weeks after beleaguered CEO Philip Purcell resigned. The move marked the return of an old face, as Mack was the former president of Morgan Stanley. Effective January 17, 2006, the firm began trading on the New York Stock Exchange under the ticker symbol "MS," which Mack said "more closely aligns our ticker with the Morgan Stanley name, and better reflects the 'one-firm' approach that we're pursuing." Previously, the firm had been trading under the symbol "MWD," since 1997.

Last Updated ( Tuesday, 23 January 2007 )
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Bloomberg LP PDF Print E-mail
Written by Arturas Vaitaitis   
Friday, 05 January 2007

Bloomberg is growing, and almost at the end of the process to turn in the big company. Still, accross the industry, it is a lot more employer friendly company, especially on the outside. Food court, free ice cream, big summer picnics, and charity oriented towards doing things rather than donating money.  Technology stays in the last century, but it does not seem to hurt the business, rather it helps to "keep the fort". People in IT are mostly engineers, down to earth, which is a rarity in the rest of blue-blooded financial industry.

One thing is for sure, Bloomberg employees are extremely enthusiastic about their jobs - and their peers. "I'd have to think for a while to come up with any weaknesses," remarked one satisfied insider. "Mike Bloomberg stresses the importance of keeping the entrepreneurial feel of the company, which means that even though the firm is 15 years old and has several thousand employees, it often feels like a startup." It also means "long hours and high expectations, but high rewards," commented another source. Employees say "teamwork is very alive here," and they gush over "the caliber of people" they work with. "We have, literally, rocket scientists working on the computer hardware and software." It is this enthusiasm and level of expertise that "keeps Bloomberg active and creating new ideas."

Last Updated ( Tuesday, 23 January 2007 )
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Rene Wandel goP.I.P.