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...He says he applied to six brokerages including EF Hutton and Merrill Lynch before landing a job at Dean Witter Reynolds in 1983....
...Dean Witter, another well-known US broker that merged with Morgan Stanley in 1997, survived as a brand until 2001....
...Mr Gilbert also had a finance career stretching back to 1971, and had worked at Dean Witter Reynolds, Loeb Partners and Jero Ltd, among other firms....
...Subsumed into just four banks are storied names such as Paine Webber, Smith Barney, Legg Mason, Merrill Lynch, Dean Witter and Wachovia. UBS ended up keeping Paine Webber....
...As well as previously working at CME in the 1980s, Mr Ray had also worked at Robertson Stephens, Dean Witter Reynolds and its successor company, Carr Futures....
...Morgan Stanley dropped Dean Witter, its old brokerage business, while Citigroup killed off Salomon Brothers in 2003, following a series of financial scandals....
...During that term, he helped put together a deal with Dean Witter, the brokerage firm, but was squeezed out in 2001 after a power struggle with Philip Purcell, the Dean Witter veteran who became chief executive...
...My brother Phil had already been running Dean Witter in New York for 12 years while living in Chicago. He had a plane, I have a van. I drove myself for the first four years....
...In future, Barclays’ investment bank would be cut back confine itself to fixed income products, leaving the top table to the likes of Citigroup and Morgan Stanley Dean Witter, who which at that time were...
...Sears folded the business into Dean Witter, a brokerage, and spun off the combined company to shareholders in 1993....
...The man was an actor, the footage and the crackling audio fake and Dean Witter already a large, impersonal firm owned by retailer Sears....
...Just as Mr Purcell rose to prominence as head of the Dean Witter retail brokerage firm, Mr Gorman established his reputation on Wall Street as head of Merrill Lynch’s “thundering herd” of financial advisers...
...In 1997, seeking to expand its reach into middle America, the proud offspring of the House of Morgan merged with Dean Witter, and the Chicago-based company’s top executive, Phil Purcell, was named chief...
...But in order to turn its wealth management business – a legacy of its 1997 merger with Dean Witter – into a more powerful profit driver, Morgan Stanley needed scale....
...Morgan Stanley ceased to be a stand-alone investment bank in 1997 when it merged with the consumer finance company Dean Witter....
...People close to the situation said that Citi’s vice-chairman, Stephen Volk, who worked with Mr Mack when he was a lawyer on Morgan Stanley’s 1997 acquisition of Dean Witter, had called the Morgan Stanley...
...Goldman Sachs and Morgan Stanley are the last hold-outs among Wall Street’s independent investment banks (although even Morgan Stanley sold out once before, to Dean Witter, in 1997)....
...He has also followed the advertising/business service sector at Prudential Securities and the capital goods sector at Dean Witter. 2008 stock pick: Sprint Nextel is Mr Comack’s number one buy-rated pick...
...No merger eradicates that tribal memory, as Mr Purcell found after the Morgan Stanley/Dean Witter merger in 1997....
...Jettisoning Discover will remove the last eye-catching reminder of Morgan Stanley’s 1997 merger with Dean Witter, which most investors have come to regret....
...He even rescinded Mr Purcell’s decision, made under intense pressure just before he was ousted, to spin off Dean Witter’s Discover credit card arm....
...Witter....
...Becomes president and chief operating officer, ceding chief executive’s post to Dean Witter’s Phil Purcell....
...But the resentment of Morgan Stanley executives at what they saw as the takeover by Dean Witter turned to fury when profits from the old Dean Witter businesses dived after the bubble burst....
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