The Feud at the Top of Morgan Stanley
Kelleher and Taubman clash as they vie to run the company
This article is for subscribers only.
Colm Kelleher and Paul J. Taubman, co-presidents of the Institutional Securities Group at Morgan Stanley, work on opposite sides of an ocean, disagree about strategy, and share an enmity that has become the subject of company jokes.
At a meeting of more than 100 managing directors at the Ritz-Carlton Battery Park hotel in New York last year, Robert A. Kindler, the bank’s head of mergers and acquisitions and brother of stand-up comedian Andy Kindler, drew laughs and whistles when he ribbed the men about their relationship, according to two people who attended the session. “So how’s that co-head thing going?” Kindler asked, gesturing at the two men.