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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (127800)	2/18/2001 7:50:31 AM
From: Zoltan!	Read Replies (1) \| Respond to of 769667

Clinton scandals claim another collateral victim: Head of High-Yield Securities At Morgan Stanley Resigns By CHARLES GASPARINO Staff Reporter of THE WALL STREET JOURNAL Mike Rankowitz, the head of high-yield securities for Morgan Stanley Dean Witter & Co., has resigned following a controversy over the firm's hiring of former President Bill Clinton to speak at a recent junk-bond conference. Mr. Rankowitz said that his resignation "has nothing to do with" the Clinton speech, which sparked angry complaints from Morgan Stanley brokerage clients and an apology from its chief executive, Phil Purcell. Mr. Rankowitz was in charge of inviting Mr. Clinton to speak at the conference. He will be replaced by Mitch Patrick and Dan Placentra.... interactive.wsj.com ...the firm developed a series of "talking points" to help brokers deal with angry brokerage customers. When that didn't work, Mr. Purcell, who had just wrested complete control of the firm from long-time Morgan President John Mack, issued an apology, saying that the selection of Mr. Clinton as a speaker was inappropriate and that the move should have been vetted by senior officials at the firm. In an interview, Mr. Rankowitz declined to comment on whether he told his supervisors that he intended to hire the former president....