Morgan Stanley
How Twitter’s Board Went From Fighting Elon Musk to Accepting Him
Twitter’s board had reached the end of the road. It was April 24. Ten days earlier, Elon Musk, the world’s richest man, had made an unsolicited bid to buy Twitter for $54.20 a share. Alarmed by the out-of-the-blue proposal and uncertain if the offer was for real, the social media company had adopted a “poison […]
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Elon Musk Details Plan for $46.5 Billion Twitter Takeover
Elon Musk said on Thursday that he had commitments worth $46.5 billion to finance his proposed bid for Twitter and was exploring whether to launch a hostile takeover for the social media company. In documents filed with the Securities and Exchange Commission dated Wednesday, the world’s richest man said he planned to finance the bid […]
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Elon Musk Races to Secure Financing for Twitter Bid
Elon Musk is racing to secure funding for his $43 billion bid to buy Twitter. Morgan Stanley, the investment bank working with Mr. Musk on the potential deal, has been calling banks and other potential investors to shore up financing for the offer, four people with knowledge of the situation said. Mr. Musk is first […]
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As Offices Ease Covid Safety Measures, Workers Worry
Wall Street has been quick to shift its Covid-19 protocols after New York State dropped its indoor mask mandate last month. At JPMorgan Chase, masks are now voluntary for vaccinated and unvaccinated employees, and the firm will discontinue mandatory Covid testing as well as the reporting of Covid infections by April 4. At Morgan Stanley, […]
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Pro Athletes Say They Wanted Everyday Financial Advice but Got Cheated
FINRA cases are typically confidential, and documents are not publicly available. Aidikoff, citing pending litigation, declined to make his clients available for interviews to elaborate on their cases. Still, the fact that the athletes wanted to go public underscores their determination to “ensure it doesn’t happen to someone else,” Parsons said, and to encourage other […]
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Offices Close and Holiday Parties Fade as Omicron Brings New Concerns
As employers weigh vaccine guidelines and adjust their office returns, they also face a more immediate challenge: How will they celebrate the holidays as Omicron spreads? After a year of email and Slack correspondence, corporate teams had been eagerly anticipating holiday parties. But as New York City’s new Covid cases rose significantly after party invitations […]
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Wall Street Warms Up, Grudgingly, to Remote Work, Unthinkable Before Covid
In private, many senior bank executives tasked with raising attendance among their direct reports expressed irritation. They said it was unfair for highly paid employees to keep working from home while others — like bank tellers or building workers — dutifully come in every day. Salaries at investment banks in the New York area averaged […]
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