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A group of eight dissident retired Morgan Stanley executives had their prayers answered Tuesday when the Council of Institutional Investors, a powerful Washington-based trade group, said it would seek a conference call with the G-8 and Morgan Stanley's board. Though a victory for the G-8 -- which has been publicly calling for CEO Philip Purcell's resignation for three weeks now -- CII's action will do little to oust Purcell, which observers said remains a near-impossible task.
April 14, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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