Morgan Stanley Dean Witter Essay by Research Group

Morgan Stanley Dean Witter
This paper examines the 1998 financial performance of Morgan Stanley Dean Witter, a publicly traded financial services company.
# 26239 | 1,180 words | 4 sources | APA | 2002 | US

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This paper discusses Morgan Stanley Dean, Witter, which merged in the mid-1990s, that offers stock trading services, issues the Discover card and participates in financing initial public offerings. This paper reports that the company divides its operations into three primary product areas: Securities, asset management and credit and transaction services. The author reviews the auditing process of the merger by pointing out that the auditors did not conduct an audit to determine whether the information provided on the financial statements was correct or accurate, but instead audited the statements to determine whether they were created using accepted accounting principles.

Table of Contents
Key Points of Annual Report
Products and Services
Audit Information
Inventory Management and Depreciation
Management's Letter to Shareholders and Outlook

From the Paper:

"Dean Witter was formed in the mid-1920s in San Francisco; Morgan Stanley was formed in the mid-1930s in response to the Glass-Steagall Banking Act which placed restrictions on the banking industry. The two firms competed throughout the twentieth century with Dean Witter often taking major steps several years ahead of Morgan Stanley (for example, Dean Witter gained a seat on the New York Stock Exchange well before Morgan Stanley. Mergers and acquisitions characterized Dean Witter's growth while Morgan Stanley generated growth from within. Both companies were early implementers of computers and electronic data processing within their organizations. Dean Witter, a publicly traded company since 1972, was acquired by Sears in 1981; Morgan Stanley went public in 1986, the same year that Dean Witter launched the Discover card on a nationwide basis. In 1992 and 1993, Sears spun off Dean Witter, and the two companies merged in 1997 with headquarters in New York."

Cite this Essay:

APA Format

Morgan Stanley Dean Witter (2003, April 27) Retrieved May 28, 2022, from

MLA Format

"Morgan Stanley Dean Witter" 27 April 2003. Web. 28 May. 2022. <>