CASE STUDY ON ROB PARSON AT MORGAN
SUBMITTED TO TOILED BY –
American multinational financial services corporation headquartered in
midtown Manhattan, New York City .
Leading organization in investment banking, private wealth management,
bonds and stock trading .
The main areas of business for the firm today are global wealth
management ,institutional services for securities & investment
Founded : September 16, 1935 .
Founders : Henry Sturgis Morgan, Harold Stanley .
Headquarters : New York City, New York, USA .
CEO : James P. Morgan .
‘‘ONE FIRM FIRM’’
“Be the world’s best investment bank and the
firm of choice for our clients, our people and
ONE OF THE BEST 100 COMPANIES BY WORKINGMOTHERS.
BEST COMPANY FOR AFRICAN AMERICAN BY FAMILYDIGEST.
ONE OF THE 30 GREAT PLACES TO WORK AT BY ESSENCE.
TOP COMPANY FOR ASIAN AMERICANS BY ASIAN ENTERPRISE.
5TH IN 20 BEST BIG COMPANIES TO WORK FOR IN 2006.
A recruit of Paul Nasr.
A young banker who is positioned as market coverage professional.
Strong reputation and relationship with important players.
Experience of lucrative field.
Highly marketable and enthusiastic about the opportunities.
Rob parson came from an unorthodox background & did not fit into
Morgan’s Stanley culture.
His performance and skill shows that he should be promoted to
Managing Director but also the habit of “breaking eggs” stated that his
promotion should be paused.
He does not follow the norms and policies of Morgan Stanley and work
according to his own will without the feedbacks of other employees.
Excellent selling rate.
‡Resourceful to clients.
Difficulty to adjust with
Poor team player
Not adaptable to
“One Firm Firm”
Chance of being
Paul Nasr was a very highly regarded banker.
He was appointed by John Mack for the Senior managing director in CMS.
With more than 20 years of experience in Capital Market Services.
Credited with building a formidable capital market business.
20 years of experience.
Highly regarded banker.
Always treated Rob
gently with kid gloves.
Less experienced in
Ignoring the culture of
Morgan Stanley for Rob
Not good leader.
Fear of loosing Rob
Fear of group
members that Paul is
acting as savior/God
Promotion to Rob
services to the
Paul Nasr has to take decision to promote Rob Parson for to the position of
managing director !!
What would be its
effect on the
Morgan Stanley ?
What would be
the reaction of rob
parson ? Morgan
Stanley could lose
a top employee ?
The Main cause of the issue was the difference between Rob Parson’s
thoughts and the corporate culture of the company. He doesn’t show
respect towards his coworkers and had a believe that he was the sharpest
of all !!
360 DEGREE EVALUATION
Implemented by John Mack.
Evaluations were performed by Managers, superiors, subordinates, peers, and
internal clients, which enabled employees to receive a more wholesome feedback
on their performance.
Basic traits showcased in a star
Kindness / Trust
Parson individually took the company from 10th rank with
2% market share to 3rd rank with 12.2% market share in
financial services sector and this proves why Rob Parson
was a star performer for Morgan Stanley
Importance for Feedback
Promoting Rob Parson
,focus should be more
on retaining him in
the organization and
advise him to
Feedback should be
taken and should
applied to assure the
stability of an
Promoting Rob Parson right away will
hasten up his already deviant workplace
behavior, making him more egotistic and
PROMOTE OR NOT ??
Rob Parson has been a prudent
revenue earner for Morgan Stanley, and
they can’t afford to lose him entirely
He might have a future as Managing
Director if he adjusts his behavior and
meets re-evaluation requirements.
As a Manager I would never take a
chance of Firing of Demoting such a
Star Performer .
Average Group Rating