Rob Parson at Morgan Stanley
Leadship:enhancing the lessons of experience
Rob Parson at Morgan Stanley (A)
Contents
Rob Parson at Morgan Stanley (A) 1
Contents 2
Provide a background of the case 3
Should Rob Parson be promoted? 3
Exhibit 3. 4
Conduct the performance appraisal conversation 5
Background
Under the leadership of John Mack,Morgan Stanley was transforming itself into a "One-Firm Firm."They're very value their employee.They treating each other with dignity and respect.ohn Mack recruit Paul Nasr to join Morgan Stanley who would shape up the culture.As Paul Nasr know,in Morgan Stanley,business is not the only thing they're care about.Here the franchise matters,the culture is important,and the firm cares a lot about the integrity of the process.
One of the areas where Morgan Stanley had historically been weak was in delivering capital markets services to financial services firms such as banks and insurance companies.To develop a presence in this market Nasr recruited Parson,a young banker who had previously worked for him at a different firm.Parson had a proven track record in financial services and Nasr felt Parson had the type of energetic,entrepreneurial nature that Morgan Stanley needed to penetrate the sector.Throughout his ten years of experience Parson had built strong relationship with the important players in the banking and insurance industries.Parson Joined Morgan Stanley as a market coverage professional in the Capital Markets divisin focusing on financial institutions.The position that Parson was hired to fill had a reputation for being notoriously difficult to perform and had seen a tremendous amount of turnover at Morgan Stanley.It was widely known in the industry that clients in the financial services segment were extremely competitive and often engaged investment bankers in cut-throat negotiations over how mmuch they were willing to pay in fees. The person filling this role needed some aggressive characteristics.
Should Rob Parson be promoted?
Rob Parson at Morgan Stanley (A)
Contents
Rob Parson at Morgan Stanley (A) 1
Contents 2
Provide a background of the case 3
Should Rob Parson be promoted? 3
Exhibit 3. 4
Conduct the performance appraisal conversation 5
Background
Under the leadership of John Mack,Morgan Stanley was transforming itself into a "One-Firm Firm."They're very value their employee.They treating each other with dignity and respect.ohn Mack recruit Paul Nasr to join Morgan Stanley who would shape up the culture.As Paul Nasr know,in Morgan Stanley,business is not the only thing they're care about.Here the franchise matters,the culture is important,and the firm cares a lot about the integrity of the process.
One of the areas where Morgan Stanley had historically been weak was in delivering capital markets services to financial services firms such as banks and insurance companies.To develop a presence in this market Nasr recruited Parson,a young banker who had previously worked for him at a different firm.Parson had a proven track record in financial services and Nasr felt Parson had the type of energetic,entrepreneurial nature that Morgan Stanley needed to penetrate the sector.Throughout his ten years of experience Parson had built strong relationship with the important players in the banking and insurance industries.Parson Joined Morgan Stanley as a market coverage professional in the Capital Markets divisin focusing on financial institutions.The position that Parson was hired to fill had a reputation for being notoriously difficult to perform and had seen a tremendous amount of turnover at Morgan Stanley.It was widely known in the industry that clients in the financial services segment were extremely competitive and often engaged investment bankers in cut-throat negotiations over how mmuch they were willing to pay in fees. The person filling this role needed some aggressive characteristics.
Should Rob Parson be promoted?