They also represent the core of the old firm, before the Morgan Stanley Dean Witter days, and have been ardent defenders of what they see as its elite Wall Street status.

• 然而，此次对于投资银行部门的人员裁减计划，仍然被视为一次大胆的行动，因为投资银行部门代表了摩根士丹利的传统核心业务。