Morgan Stanley shake-up spotlights investor power

By Martha Graybow

NEW YORK, June 14 (Reuters) - The ouster of Morgan Stanley chief Philip Purcell after pressure from a group of the investment bank's retired executives will likely encourage other groups of shareholders seeking change at companies in turmoil, experts said on Tuesday.

While it doesn't mean that corporate America is about to give in to every vocal investor minority that comes along, the retired executives' victory shows the power that a small group of ...