Morgan Stanley 2000 Annual Report Download - page 11

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levels. Minority employees account for more than 20 percent of our U.S. workforce
including at the same highest levels. Respect for individuals and cultures is one of
our core values, and we have a number of programs to foster diversity, including the
recently formed President’s Diversity Council that will include leaders from across
our businesses.
FIRST CHOICE
Along with the many new business and organizational changes this past year, we
have set a long-term vision for our company—to be the world’s first choice in achiev-
ing financial aspirations. This vision is based on the needs and goals of our clients.
Our dream is to be one of just a handful of the world’s great companies—something
that no financial services company has ever achieved, because up until now, financial
services organizations have focused largely on products and distribution rather
than primarily on clients. We believe we have the capability and opportunity to
become the first truly client-focused financial services company.
Jack Rogers will leave our Board of Directors in March. Jack has been a valuable
Board member for many years and we will miss him. John Madigan joined our Board
last July and we already have benefited from his counsel.
In closing, we would like to thank the people of Morgan Stanley Dean Witter, our cli-
ents and fellow shareholders for another successful year and for making our vision of
the future a very real possibility.
Philip J. Purcell John J. Mack
CHAIRMAN & CHIEF EXECUTIVE OFFICER PRESIDENT & CHIEF OPERATING OFFICER
February 5, 2001
 
February 5, 2001
In late January, John Mack announced
that he had decided to leave the firm
after nearly 30 years of distinguished
service. No one has done more than John
to make Morgan Stanley Dean Witter the
world’s leading financial services firm.
John has also done much to enrich the
lives of those beyond our firm and our
industry. Recently, he led MSDW
employees to raise more than $55 million
to build the Morgan Stanley Dean Witter
Children’s Hospital of New York, one of
the largest, most technologically
advanced pediatric hospitals in the world.
John will be greatly missed as a
colleague, as a leader, and as a mentor
and friend to some of the most talented
people in our business.
Bob Scott, who has been Chief Financial
Officer and has headed several
businesses in his 31 years with the firm,
will replace John. Steve Crawford, who
has served in investment banking and
top company management, will become
our CFO.
Phil Purcell