Phil Purcell Timeline

1997

Feb. 2: Morgan Stanley and Discover set plans for $10 billion merger.

June 3: Merger is completed, making Purcell CEO.

1998

Oct. 21: Completes $4.4 billion Conoco IPO.

2000

Sept. 11: Stock sets all-time closing high of $109.37.

2001

Jan. 24: President John Mack quits.

Sept. 11: Terror attack destroys lower Manhattan office and costs lives of 13 employees and contractors.

2002

Nov. 21: Plans to cut 2,000 jobs.

2003

April 28: Agrees to $125 million Wall Street research settlement.

Nov. 17: Agrees to $50 million SEC mutual fund pricing settlement.

2004

March 18: Earns $1.2 billion for first quarter.

June 22: Earns $1.8 billion for second quarter.

July 12: Settles sex-bias suit for $54 million.

Sept. 22: Earns $837 million for third quarter.

Oct. 14: Sets plan for employee stock-cost restatement.

Dec. 9: Former exec Scott Sipprelle calls for breakup.

Dec. 21: Earns $1.2 billion for fourth quarter.

2005

Feb. 4: Filing puts Purcell's 2004 pay at $22 million.

March 3: Group of Eight criticizes Purcell's performance.

March 17: Morgan earns $1.47 billion for first quarter.

March 28: Purcell names Zoe Cruz and Stephen Crawford co-presidents. Three top execs leave.

April 5: Purcell sets plans to spin off Discover.

April 13: Investment banking chief Joe Perella quits.

May 12: Dissidents propose splitup of firm.

May 18: Jury hits firm with $1.4 billion in damages in Perelman suit.

June 13: Purcell quits, citing "continuing personal attacks on me."