When Morgan Stanley entered into a severance agreement with former executives Tarek Abdel-Meguid and Joseph Perella, it went out of its way to assure that the two individuals would not join the opposition chorus.
The investment banking giant, which has been fending off a group of eight former executives and shareholders who have been calling for the removal of Chairman Philip Purcell, inserted what it calls a “Good Behavior” clause in the severance agreement of the executives.
