Sublime

Morgan made his specialty the refinancing, reorganization, and rationalization of America’s badly overextended and overcapitalized railroads; his “clients” included some of the largest, such as the Erie, the New York Central, and the Pennsylvania.

I was friends with Debra Larsen and Bruce Bockmann (who was Morgan’s most playful partner, choosing once, when I was a young associate, to introduce us to a new client with our roles reversed)

Travis Jones

Howie, inside Morgan Stanley, would lose $9 billion on a single mortgage trade, and remain essentially unknown, without anyone beyond a small circle inside Morgan Stanley ever hearing about what he’d done, or why.