Enter your mobile number below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
Getting the download link through email is temporarily not available. Please check back later.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your mobile phone number.

Qty:1
FREE Shipping on orders with at least $25 of books.
In Stock.
Ships from and sold by Amazon.com. Gift-wrap available.
Blue Blood and Mutiny: Th... has been added to your Cart
FREE Shipping on orders over $25.
Condition: Used: Good
Comment: Most say tomatoes, we say "Mostly Tomatos." We cut off the "e" and pass the savings along to you, like FREE 2-day SHIPPING for Prime Members.
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley Paperback – October 21, 2008

4.1 out of 5 stars 18 customer reviews

See all 6 formats and editions Hide other formats and editions
Price
New from Used from
Kindle
"Please retry"
Paperback
"Please retry"
$15.95
$1.94 $0.01

"Heads I Win, Tails I Win"
Why smart investors fail and how to tilt the odds in your favor. Learn more | See more like this
$15.95 FREE Shipping on orders with at least $25 of books. In Stock. Ships from and sold by Amazon.com. Gift-wrap available.
click to open popover

Frequently Bought Together

  • Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley
  • +
  • The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance
Total price: $29.22
Buy the selected items together


Editorial Reviews

About the Author

Patricia Beard is the author of After the Ball and hundreds of national magazine articles. She has been an editor at Elle, Town & Country, and Mirabella. Beard lives in upstate New York.

If you buy a new print edition of this book (or purchased one in the past), you can buy the Kindle edition for only $2.99 (Save 63%). Print edition purchase must be sold by Amazon. Learn more.
For thousands of qualifying books, your past, present, and future print-edition purchases now lets you buy the Kindle edition for $2.99 or less. (Textbooks available for $9.99 or less.)
  • Thousands of books are eligible, including current and former best sellers.
  • Look for the Kindle MatchBook icon on print and Kindle book detail pages of qualifying books. You can also see more Kindle MatchBook titles here or look up all of your Kindle MatchBook titles here.
  • Read the Kindle edition on any Kindle device or with a free Kindle Reading App.
  • Print edition must be purchased new and sold by Amazon.com.
  • Gifting of the Kindle edition at the Kindle MatchBook price is not available.
Learn more about Kindle MatchBook.


New York Times best sellers
Browse the New York Times best sellers in popular categories like Fiction, Nonfiction, Picture Books and more. See more

Product Details

  • Paperback: 464 pages
  • Publisher: Harper Perennial; Reprint edition (October 21, 2008)
  • Language: English
  • ISBN-10: 0060881925
  • ISBN-13: 978-0060881924
  • Product Dimensions: 5.3 x 1 x 8 inches
  • Shipping Weight: 13.6 ounces (View shipping rates and policies)
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (18 customer reviews)
  • Amazon Best Sellers Rank: #451,057 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

By G. Ware Cornell Jr. VINE VOICE on September 22, 2007
Format: Hardcover
Morgan Stanley like many old-line firms lost its soul at the hands of a CEO who never understood the value of the real enterprise. Phil Purcell tried to take what worked at Dean Witter and impose it on Morgan Stanley a much different institution. In doing so he acquired all of the perks of modern chairmen-the pay, the G-Vs, the compliant board while his firm's performance was tanking.

Eight "advisory directors," retired and respected former partners, set out to rescue Morgan Stanley and restore its name and culture. Called the "Group of Eight" and sometimes the "Eight Grumpy Old Men" they take a stand for old-fashioned business values.

Blue Blood and Mutiny reads like a novel. And it delivers an important message to business-ethical behavior, hard work and understanding of business fundamentals are more important and more beneficial than the gimmick-riden pursuit of a higher bottom line. This real life story will be the textbook case study in value driven management.
Comment 25 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover
Blue Blood and Mutiny explains how the merger between Dean Witter and Morgan Stanley played out, with Philip Purcell taking charge of the company after the merger, then being forced out by the old guard of Morgan Stanley ten years later. It was written by the former sister-in-law of a long-time Morgan Stanley managing director who participated in the coup.

When Morgan Stanley and Dean Witter merged in 1997, it invited a clash of corporate culture. The architects of the merger responded to these concerns by pointing out that Morgan Stanley had absorbed a large number of new employees in the 1980s when, and after, it went public.

While training is meant primarily to provide skills to an employee for his next assignment, other lessons were informally delivered. Everyone sees the manager wearing a suit jacket for any trip outside the office, but inside the four walls the attire is shirt and tie, sans jacket. Then one day, an off the cuff remark is made explaining that this is no accident. These lessons in corporate refinement at MS were not part of Dean Witter.

Cited as a merger of equals, the marriage of Dean Witter and MS never operated as such. John Mack expected Philip Purcell to cede control of the company after a short stint as CEO. Instead, he forced many senior MS executives out of the company. Some remaining employees felt the hand-picked replacements were solely based on their loyalty to Purcell - damn their qualifications.

There's an old Wall Street saying that goes, 'If you want risk, take the A train.' Purcell and some of his Dean Witter executives lived by this maxim by avoiding risk at all costs. The Morgan Stanley culture realized that risk could be managed, and maybe quite well by working better and smarter - thus resulting in greater profits.
Read more ›
Comment 4 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover Verified Purchase
A great review of the history and culture of Morgan Stanley and how a merger with Dean Witter nearly destroyed the company. The history speaks for itself so the author focuses on the merger. As blue blooded as a firm can be, Morgan Stanley finds itself being run by the Chairman of Dean Witter, a retail brokerage operation. The manager, Purcell, doesn't even live in NY but rather commutes from Chicago. But, what can you do when he has stuffed the board with his friends?

Unfortunately, firms such as Morgan Stanley do not own massive producing assets. Their assets are their culture and the employees who walk in and out of the door each day. The culture quickly disintegrates and top level employees start walking out the door to not return. But who will lead the coup? Former managers step back into the mix with first a private campaign but then a very public campaign generating bad press in soap opera like drama.

Ultimately, this drama plays out and order is restored. But an interesting loss to the firm who has reappeared is Vikram Pandit, the current President of Citicorp. He is considered so talented that Citi paid a massive amount of money to buy his fund and roll him in to Citi. With the current credit crisis it's still early to tell if this has been a good hire but with his CFO leaving today in a power struggle it's not looking great.

Overall, a very good, detailed financial book.
Comment 2 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback
The book tells the tale of the history of Morgan Stanley and the eventual coup in an easy to follow read. The language is easy to comprehend and the story flows in a clear path. There are only two issues I have with this book. You can't help but feel that there is an enormous bias towards one side, which is what a good writer should do I guess. You should also avoid reading the pictures area as it gives away a lot of information. The last few chapters drag after Purcell is ousted (not really a spoiler since you would have to know that already). All in all, if you're interested in the history of one of the great old-time firms, this book gives a very interesting and detailed account of the beginnings of the firm as well.
Comment 2 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback
This book was interesting. It was very good at describing the differences between Morgan Stanley and Dean Witter Discover. These two companies merged and with the merger, like many before it, the combination did not make a successful chemistry. They had two heir apparent leaders to choose to become CEO. This books talks about wrong choice of CEO Phil Purcell for this new merged company. I enjoyed this book as it described the family-like atmosphere on the Morgan Stanley side and how when "outside" leadership determined to lead, and Phil Purcell stacked the board with his connections and "yes" people and the whole atmosphere changed for the worse. The book covers the long time retired Morgan Stanley leaders (G8) toppling this board and CEO, to put back the better choice of John Mack for Morgan Stanley. It was a very exciting book to read all the way to the end.
Comment 4 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse

Most Recent Customer Reviews

Set up an Amazon Giveaway

Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley
Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Learn more about Amazon Giveaway
This item: Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley