Page 2472 


Best Paid US CEOs 2008

The New York Times reports that Sunday Business asked information services firm Equilar to compile and analyze exectuvie compensation data from US corporate filings.

Top Firm Exec's Ouster Gives Rise To More Loss Rumours

The old rumour mill is working overtime again. Hot on the heels of the announcement late Thursday of the retirement of Morgan Stanley co-president Zoe Cruz, the most high-profile woman on Wall Street, some are wondering whether this is a signal that more problems have been uncovered at Morgan Stanley and that further asset write-downs are now on the cards. The Wall Street Journal quotes Punk Ziegel analyst Richard Bove, who said that Cruz's departure 'must mean that Morgan Stanley is going to report write-downs much greater than previously suggested'.