Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley |  | Author: Patricia Beard
Publisher: Harper Perennial
Category: Book
List Price: $15.95
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Seller: bellwetherbooks
Rating:  11 reviews
Sales Rank: 680,850
Media: Paperback
Edition: Reprint
Pages: 464
Number Of Items: 1
Shipping Weight (lbs): 0.9
Dimensions (in): 7.8 x 5.2 x 1.2
ISBN: 0060881925
Dewey Decimal Number: 332.63270973
EAN: 9780060881924
ASIN: 0060881925
Publication Date: November 1, 2008
Availability: Usually ships in 1-2 business days
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Product Description
In March 2005 the business world woke up to an unprecedented full-page ad in the Wall Street Journal calling for the removal of Morgan Stanley's CEO. Less than four months later, a group of eight retired, multimillionaire executives had orchestrated a stunning revolt within the most prestigious andâuntil recentlyâmost successful financial-services firm on Wall Street. Now acclaimed journalist and historian Patricia Beard brings together the entire behind-the-scenes story, exposing the tale that shook high finance. This riveting real-life thriller is a must-read book for anyone who wants to understand the past, present, and future of American business.
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| Customer Reviews:
Showing reviews 1-5 of 11
 When class really counts September 22, 2007
G. Ware Cornell Jr. (Weston FL)
21 out of 24 found this review helpful
Morgan Stanley like many old-line firms lost its soul at the hands of a CEO who never understood the value of the real enterprise. Phil Purcell tried to take what worked at Dean Witter and impose it on Morgan Stanley a much different institution. In doing so he acquired all of the perks of modern chairmen-the pay, the G-Vs, the compliant board while his firm's performance was tanking.
Eight "advisory directors," retired and respected former partners, set out to rescue Morgan Stanley and restore its name and culture. Called the "Group of Eight" and sometimes the "Eight Grumpy Old Men" they take a stand for old-fashioned business values.
Blue Blood and Mutiny reads like a novel. And it delivers an important message to business-ethical behavior, hard work and understanding of business fundamentals are more important and more beneficial than the gimmick-riden pursuit of a higher bottom line. This real life story will be the textbook case study in value driven management.
A Must Read April 11, 2010
staceman
1 out of 1 found this review helpful
Patricia Beard has done an excellent job chronicling this story, making it a must read for anyone involved in serving on a board of a public or private company. This is what can happen when the CEO surrounds himself with a self serving board and in this instance is disengaged from his key asset . . . his people. That it occurred to a company of such stature is further testimony that any organization is susceptible. I would also add that it's an appealing history of one the country's storied investment banks.
Great insight into the 'soul' of the Morgan Stanley culture October 17, 2007
J. C. Pottinger (Austin,Tx)
5 out of 7 found this review helpful
Excellent book. It's been a long time since I've had a book I could not put down. Thank goodness for the G-8 and the employees who stood their ground. John Mack is a true leader and will continue to lead Morgan Stanley into a league of its own. Well worth the read.
blue blood and mutny November 8, 2007
C. M. Berger (naples, fl)
4 out of 6 found this review helpful
Well written, and engrossing.
Very clear presentation of the issues involved and makes a convincing case that "the mutineers" were right, and Purcell had to be removed as CEO.
Outstanding Historical Read January 19, 2008
James Lauter (CA USA)
3 out of 5 found this review helpful
This is a very concise historical review of a merger that involves two cultures that tried to combine choosing the wrong an inexperienced leader to make it work, Fortunately, the more astute retired individuals came to the rescue and in time the combination should work. Only time will tell.
Showing reviews 1-5 of 11
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