Institutional securities franchise remains strong after tough 2005, Moody’s says
MS ticker better reflects company name
Record revenues for the year
Increases equity portion of executive bonuses
Investment bank takes US$1 billion charge for discontinued operations
Chammah to lead investment banking
Decision to keep Discover unit leads to negative outlook by ratings agencies
Wall Street firm to sell off aircraft-leasing unit
New CEO will focus on teamwork, strategy, productivity and service
Departure affords firm an opportunity to start fresh