Hints and tips:
...The bank turned to a former leader, Mr Mack, to restore Morgan Stanley’s morale, lustre and earnings power....
...He was thought to be less close to John Mack, chief executive, and many expected him to leave following his recent reassignment....
...At the same time, Mr Mack was concerned about the impact on morale of further high-profile departures. Some say this led him to put too high a premium on stability....
...But the departures highlight that while Morgan Stanley is a changed place – morale is higher and performance has improved – many of the problems faced under Mr Purcell remain....
...John Mack is taking over a company beset by in-fighting, low morale, mediocre performance, huge legal claims and the loss of key talent....
...Mr Purcell had to leave because his continued presence was damaging morale. Common sense dictates that this does not merit a multi-million dollar payment....
...Employees in New York gave Mr Mack a standing ovation after a speech in which he promised to restore morale at the bank which has been roiled by three months of in-fighting over the leadership of Philip...
...The willingness to build a keeper's morale by giving him a good run in the first team is presumably behind Arsenal coach Arsene Wenger's determination to stick with Manuel Almunia....
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