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Dean Witter Reynolds was an American stock brokerage and securities firm catering to a variety of clients. Prior to the company's acquisition, it was among the largest firms in the securities industry with over 9,000 account executives (ranking third in the US in 1996) and was among the largest members of the New York Stock Exchange.
- 1924 (as Dean Witter & Co.), 1978 (as Dean Witter Reynolds)
- $1,132 million (1996)
- 33,084 (12/31/96)
Nov 10, 2022 · Former CEO John Mack explains how the 1997 merger of Morgan Stanley and Dean Witter Reynolds created the largest securities company but also faced internal conflicts and legal troubles. He recounts the different cultures, the power struggle and the departure of Philip Purcell.
- 3 min
- Dylan Croll
Dean Gooding Witter (August 2, 1887 – May 25, 1969) was an American businessman, stockbroker, and investor. With his brother Guy Witter and cousin Jean Witter, Dean Witter co-founded Dean Witter & Company in 1924, which became the largest investment house on the West Coast.
- 1914–1969
- Founder of Dean Witter Reynolds
Dean Witter - Morgan Stanley form No. 1 securities firm. John Mack, then president of Morgan Stanley, agreed that the synergies were compelling. At the time of the merger, Dean Witter had more than 360 branch offices with 9,000 Account Executives. Morgan Stanley had 27 principal offices in 19 countries.
Address: 1585 Broadway. New York, New York 10036. U.S.A. Telephone: (212) 761-4000. Fax: (212) 761-0086. http://www.msdw.com. Statistics: Public Company. Incorporated: 1924 as Dean Witter & Company. Employees: 52,927. Sales: $36.04 billion (1999) Stock Exchanges: New York. Ticker Symbol: MWD.
Dec 4, 2023 · According to Gardner's autobiography, his opportunity at Dean Witter Reynolds did not arise from solving a Rubik's Cube for a senior executive during a taxi ride. In reality, Gardner's entry into the firm was a result of his determination and networking skills, including building a relationship with a stockbroker named Marty.
Dean Gooding Witter (August 2, 1887 – May 25, 1969) was an American businessman, stockbroker, and investor. With his brother Guy Witter and cousin Jean Witter, Dean Witter co-founded Dean Witter & Company in 1924, which became the largest investment house on the West Coast. Quick Facts Born, Died ... Close.
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