Morgan Stanley: Life After Mack

The power struggle is over. Here's what winner Phil Purcell has to do to prove he deserved victory

One of the longest running shows on Broadway ended abruptly on Jan. 24. But the final curtain call was not for actors in cat costumes. It was for one of Wall Street's fiercest gladiators, Mack the Knife, Morgan Stanley Dean Witter's charismatic president and chief operating officer, John J. Mack, 55. He had challenged reserved Chairman and Chief Executive Philip J. Purcell for the bank's top job for years before caving in suddenly.

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