Difference between revisions of "Morgan Stanley"
DaveCJohnson (talk | contribs) (SW: added Sold Out report as a resource) |
DaveCJohnson (talk | contribs) (SW: added contrib and lobbying amounts) |
||
| Line 1: | Line 1: | ||
{{#Badges:tobaccowiki|CoalSwarm}} | {{#Badges:tobaccowiki|CoalSwarm}} | ||
| − | '''Morgan Stanley''' is one of the world's top | + | '''Morgan Stanley''' is one of the world's top financial services providers. Some of the financial services that it provides are financial planning for individual investors and small-to-medium businesses and financial advisory services for corporate investors. It also has in-house private equity operations.<ref>[http://www.hoovers.com/morgan-stanley/--ID__15970--/free-co-factsheet.xhtml Morgan Stanley profile], ''Hoovers'', accessed October 2009.</ref> |
| − | <ref>[http://www.hoovers.com/morgan-stanley/--ID__15970--/free-co-factsheet.xhtml Morgan Stanley profile], ''Hoovers'', accessed | ||
| − | * | + | *[[John J. Mack]], Chairman and CEO |
| − | * | + | *[[Walid Chammah]], Co-President |
| + | *[[James P. Gorman]], Co-President, Morgan Stanley, and Chairman, Morgan Stanley Smith Barney | ||
==Coal investments== | ==Coal investments== | ||
| Line 45: | Line 45: | ||
*[[Wise County Plant]] (VA) | *[[Wise County Plant]] (VA) | ||
*[[Oak Creek Units 1 & 2]] (WI) | *[[Oak Creek Units 1 & 2]] (WI) | ||
| + | |||
| + | ==Financial crisis and the bailout== | ||
| + | |||
| + | ===Contribution to the crisis=== | ||
| + | |||
| + | ===Bailout amounts=== | ||
| + | Morgan Stanley received $10 billion in TARP bailout funds. | ||
==Political contributions== | ==Political contributions== | ||
| + | Decade-long campaign contribution total (1998-2008): $20,835,000.<ref name="Sold Out">[http://www.docstoc.com/docs/4647166/Sold-Out---How-Wall-Street-and-Washington-Betrayed-America Sold Out - How Wall Street and Washington Betrayed America ], Consumer Education Foundation, March, 2009.</ref> | ||
| + | |||
| + | In 2008 Morgan Stanley was included in the list of top TARP recipients in political contributions and lobbying, spending $6.8 million<ref>[http://www.opensecrets.org/news/2009/02/tarp-recipients-paid-out-114-m.html TARP Recipients Paid Out $114 Million for Politicking Last Year], Open Secrets, Feb. 4, 2009. Retrieved October 11, 2009.</ref>. The amounts were $3,689,027 in political contributions and $3,120,000 for lobbying. | ||
| + | |||
John J. Mack, Chairman and Chief Executive Officer of Morgan Stanley, was a [[Bush's Rangers|Bush Ranger]] in 2004 having raised at least $200,000 for [[George Walker Bush|Bush's]] election. | John J. Mack, Chairman and Chief Executive Officer of Morgan Stanley, was a [[Bush's Rangers|Bush Ranger]] in 2004 having raised at least $200,000 for [[George Walker Bush|Bush's]] election. | ||
<ref>[http://www.tpj.org/docs/pioneers/pioneers_table.jsp Pioneers and Rangers], ''Texans for Public Justice'', accessed July 2007.</ref> | <ref>[http://www.tpj.org/docs/pioneers/pioneers_table.jsp Pioneers and Rangers], ''Texans for Public Justice'', accessed July 2007.</ref> | ||
| Line 54: | Line 65: | ||
==Lobbying== | ==Lobbying== | ||
| + | Decade-long lobbying expenditure total (1998-2008): $28,635,440<ref name="Sold Out"/><br> | ||
| + | |||
| + | In 2008 Morgan Stanley was included in the list of top TARP recipients in political contributions and lobbying, spending $6.8 million<ref>[http://www.opensecrets.org/news/2009/02/tarp-recipients-paid-out-114-m.html TARP Recipients Paid Out $114 Million for Politicking Last Year], Open Secrets, Feb. 4, 2009. Retrieved October 11, 2009.</ref>. The amounts were $3,689,027 in political contributions and $3,120,000 for lobbying. | ||
| + | |||
The company spent $2,720,000 for [[lobbying]] in 2006. $640,000 went to seven outside [[lobbying firms]] with the remainder being spent using in-house lobbyists. | The company spent $2,720,000 for [[lobbying]] in 2006. $640,000 went to seven outside [[lobbying firms]] with the remainder being spent using in-house lobbyists. | ||
<ref>[http://www.opensecrets.org/lobbyists/clientsum.asp?txtname=Morgan+Stanley&year=2006 Morgan Stanley lobbying expenses], ''Open Secrets.''</ref> | <ref>[http://www.opensecrets.org/lobbyists/clientsum.asp?txtname=Morgan+Stanley&year=2006 Morgan Stanley lobbying expenses], ''Open Secrets.''</ref> | ||
Revision as of 21:44, 11 October 2009
{{#Badges:tobaccowiki|CoalSwarm}} Morgan Stanley is one of the world's top financial services providers. Some of the financial services that it provides are financial planning for individual investors and small-to-medium businesses and financial advisory services for corporate investors. It also has in-house private equity operations.[1]
- John J. Mack, Chairman and CEO
- Walid Chammah, Co-President
- James P. Gorman, Co-President, Morgan Stanley, and Chairman, Morgan Stanley Smith Barney
Contents
Coal investments
Morgan Stanley is a major financier of new coal plant construction. New coal-fired power plants being funded by the company include:
- Comanche Generating Station Unit 3 (CO)
- Indian River (DE)
- Glades (FL)
- Stanton Energy Center (FL)
- Longleaf (GA)
- LS Power Elk Run Energy Station (IA)
- Prairie State Energy Campus (IL)
- Thoroughbred Generating Station (KY)
- Big Cajun II Unit 4 (LA)
- Little Gypsy Repowering (LA)
- Midland Power Plant (MI)
- Cliffside Plant (NC)
- Desert Rock (NM)
- Mustang Energy Project (NM)
- Toquop (NV)
- White Pine Energy Station (NV)
- Huntley Generating Station (NY)
- Sallisaw Project (OK)
- Cross Generating Station Unit 3 (SC)
- Cross Generating Station Unit 4 (SC)
- Pee Dee Generating Facility (SC)
- Marion City Project (SC)
- Big Brown 3 (TX)
- Lake Creek 3 (TX)
- Limestone 3 (TX)
- Martin Lake 4 (TX)
- Monticello 4 (TX)
- Morgan Creek 3 & 4 (TX)
- Morgan Creek 7 (TX)
- Oak Grove Plant (TX)
- Sandy Creek Plant (TX)
- Tradinghouse 3 & 4 (TX)
- Valley 4 (TX)
- LS Power Sussex proposal (VA)
- Wise County Plant (VA)
- Oak Creek Units 1 & 2 (WI)
Financial crisis and the bailout
Contribution to the crisis
Bailout amounts
Morgan Stanley received $10 billion in TARP bailout funds.
Political contributions
Decade-long campaign contribution total (1998-2008): $20,835,000.[2]
In 2008 Morgan Stanley was included in the list of top TARP recipients in political contributions and lobbying, spending $6.8 million[3]. The amounts were $3,689,027 in political contributions and $3,120,000 for lobbying.
John J. Mack, Chairman and Chief Executive Officer of Morgan Stanley, was a Bush Ranger in 2004 having raised at least $200,000 for Bush's election. [4]
Morgan Stanley gave $491,830 to federal candidates in the 2006 election through its political action committee - 30% to Democrats, 69% to Republicans. [5]
Lobbying
Decade-long lobbying expenditure total (1998-2008): $28,635,440[2]
In 2008 Morgan Stanley was included in the list of top TARP recipients in political contributions and lobbying, spending $6.8 million[6]. The amounts were $3,689,027 in political contributions and $3,120,000 for lobbying.
The company spent $2,720,000 for lobbying in 2006. $640,000 went to seven outside lobbying firms with the remainder being spent using in-house lobbyists. [7]
Personnel
Key executives and 2006 pay: [8]
- John J. Mack, Chairman and Chief Executive Officer, $800,000 (Exercised $30,000,000 in options)
- Robert W. Scully, Co-President, $7,160,000
- Jerker Johansson, Head of the Global Equity Business, $6,850,000
Board members:[9]
- John J. Mack
- Roy J. Bostock
- Erskine B. Bowles
- Howard J. Davies
- C. Robert Kidder
- Donald T. Nicolaisen, Former Chief Accountant for the U.S. Securities and Exchange Commission
- Charles H. Noski, Former Corporate Vice President and Chief Financial Officer and a director of Northrop Grumman
- Hutham S. Olayan
- Charles E. Phillips, Jr., President and Director of Oracle Corporation
- O. Griffith Sexton
- Laura D. Tyson
Contact details
1585 Broadway
New York, NY 10036
Phone: 212-761-4000
Fax: 212-762-8131
Web: http://www.morganstanley.com
Articles & resources
External resources
- Sold Out - How Wall Street and Washington Betrayed America , Consumer Education Foundation, March, 2009.
External articles
References
- ↑ Morgan Stanley profile, Hoovers, accessed October 2009.
- ↑ Jump up to: 2.0 2.1 Sold Out - How Wall Street and Washington Betrayed America , Consumer Education Foundation, March, 2009.
- ↑ TARP Recipients Paid Out $114 Million for Politicking Last Year, Open Secrets, Feb. 4, 2009. Retrieved October 11, 2009.
- ↑ Pioneers and Rangers, Texans for Public Justice, accessed July 2007.
- ↑ 2006 PAC Summary Data, Open Secrets, accessed July 2007.
- ↑ TARP Recipients Paid Out $114 Million for Politicking Last Year, Open Secrets, Feb. 4, 2009. Retrieved October 11, 2009.
- ↑ Morgan Stanley lobbying expenses, Open Secrets.
- ↑ Morgan Stanley Key Executives, Yahoo Finance, accessed July 2007.
- ↑ Board of Directors, Morgan Stanley, accessed September 2008.
<tdo>resource_id=24878 resource_code=morgan_stanley search_term=Morgan Stanley</tdo>
| This article is a stub. You can help by expanding it. |
