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Actions temporarily trumped words at Morgan Stanley on Wednesday with the resignation of the firm's two best-known investment bankers, vice chairman Joseph Perella and head of investment banking Tarek "Terry" Abdel-Meguid. The resignations surprised many and, sources say, was a huge blow to morale in Morgan Stanley's biggest moneymaking division -- investment banking -- because the departures of rainmakers like Perella will eventually hit Morgan Stanley's bottom line.
April 15, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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