Morgan Stanley was one of the four investment banks that for decades ruled on Wall Street (with Lehman, Merril Lynch, JPMorgan Chase). The corporation, founded by Henry S. Morgan (grandson of J.P.
Morgan) and Harold Stanley, came into existence in 1935.
In 2008, the Federal Reserve allowed Morgan Stanley
to change its status from investment bank to bank holding company. The main areas of business for the firm today are global wealth management (jointly with Citi under the name MorganStanleySmithBarney), institutional securities and investment management, with further business in carbon trading and corporate finance.
Michelle Chan, Friends of the Earth US - United States
Bauxite mine Niyamgiri Hills
India
On October 5th, 2004 an official agreement was signed between the Orissa Mining Corporation (OMC) and Sterlite Industries, a subsidiary of Vedanta Resources plc, for the…
HidroAysén - owned by European company Endesa and Chilean company Colbun - plans to dam two of Chile's most powerful and pristine rivers, the Baker and Pascua Rivers.…
Mountain top removal (MTR) mining is a form of strip mining in which coal companies use explosives to blast as much as 800 to 1000 feet off the tops of mountains order to…
Ecuador's Yasuni National Park is threatened by planned oil development by the Brazilian oil company Petrobras. The oil development will take place in Block 31, two thirds…
Dynegy LS Power is currently planning to construct more new coal-fired power plants than any other company in the USA, which will result in very large increases in greenhouse…
The Grasberg mine, located in the indonesian province of Papua, on the island New Guinea, just north of Australia, is being run by the mining company Freeport McMoran. The…
Michelle Chan, Friends of the Earth US - United States
BankTrack has identified controversial issues
with the companies listed below that require attention from Morgan Stanley.
Arch Coal
Arch Coal's proposed Adkins Fork mountaintop removal mine would have major negative historic preservation impacts. The mine would destroy the heart of the Blair Mountain…
Coal India Limited (Coal India) is the biggest coal producer worldwide, owned by the government of India (see paragraph 3.9). At the end of March 2010, Coal India operated…
E.ON is a German electricity company headquartered in Düsseldorf and is one of the big global players in energy production. E.ON operates along the entire value chain…
Like its rival and fellow French multinational AREVA, Électricité de France (EDF) is one of the biggest players in the global energy game. In fact, with more…
Elbit Systems is a military equipment producer with a focus on defense electronics such as intelligence gathering systems. It was established in 1967 and is headquartered…
As Italy's largest power company and Europe's second largest according to its generating capacity, Enel is another one of the titans of the energy industry. Its interests…
Lockheed Martin is a global security company that is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology…
Europe's second largest electricity generator and one of Europe's five leading gas and electricity companies. Founded in 1898, the company has grown to supply electricity…
Singapore Technologies Engineering Ltd (ST Engineering) is an integrated engineering group specialising in innovative solutions and services in the aerospace, electronics,…
Textron is a multi-industry company, consisting of numerous subsidiaries and operating units. One subsidiary is Textron Systems, which is active in the defence, homeland…
Sweden's state-owned Vattenfall is Europe's sixth largest generator of electricity and largest producer of heat. Vattenfall delivers electricity to around 7.8 million customers…
Vedanta Resources is a mining company. It produces aluminum, copper, lead and zinc. Vedanta has a strong position in India, where its founder Anil Agarwal was born, but is…
Veolia is a multi-national French company that operates on a global scale. The company's main areas of operation include: water supply and water management, waste management,…