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 Running Weld
By Stephen Rodrick
The quixotic candidacy of the partying patrician who wants to be governor, again. |
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 Vera Wang’s Second Honeymoon
By Amy Larocca
Brides love Vera Wang. But does she love them? (Not so much.) What this former Vogue editor and self-described fashion nun really has a passion for is clothes. But let her tell you about it. |
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THE IMPERIAL CITY
 The Good Old Boy of Time Inc.
By Kurt Andersen
John Huey sits atop Time and Fortune and 149 other magazines, ready to have some fun. Only now the good old days of big media are history. |
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THE POWER GRID
 Chuck’s Chance
By John Heilemann
Whatever happens with Judge Alito, Schumer is likely the Democratic winner. It’s all part of his secret plan for senatorial domination. |
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| News & Gossip |
The 10 Highest Paid CEOs
#4
Philip J. Purcell
COB and CEO,
Morgan Stanley Dean Witter & Co.
Direct
deposit: $13,387,500
Perks: $24,841,461 option value + $8,531,064
restricted stock awards
Total Compensation: $46,760,025
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P.R.
Crisis, Part I: Christian Curry, an analyst
who was fired after he appeared nude in a gay porn
magazine, sued Morgan Stanley for $1.78 billion,
alleging that he was fired for his race and for
the photos. The company denied the charges but subsequently
settled the case after admitting it had paid an
investigator to gather damaging information about
Curry. One of Purcell's confidants, counsel Christine
Edwards, was fired as a result.
P.R. Crisis, Part II: Last February, Purcell
got himself into hot
water on both sides of the political fence by
inviting Bill Clinton to speak at a Morgan
Stanley conference, then by sending an e-mail to
clients calling the invitation "a mistake."
Ride 'em, cowboy: In February, The New
York Times compared Purcell to Machiavelli for
his "take-no-prisoners style." Barrons'
June story on a potential MSDW-American Express
merger called Purcell a "kind of Wyatt Earp of Wall
Street," alluding to his Utah roots and Western-themed
office accents.
The softer side of Phil: The 57-year-old
father of seven sons and husband to Anne commutes
back to Wilmette, Ill. rather than uprooting his
family.
Rankings
and data provided by Executive Compensation Advisory
Services (ECAS) for fiscal year 2000. |
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