Management
The firm's day-to-day operations were run by Allen Morgan, as chairman and CEO, from 1969 until 2003. Morgan remained chairman until his retirement on December 31, 2007.
Bill Deupree was president from 1985 until 1996; after a brief stint by Stephen P. Laffey, G. Douglas "Doug" Edwards became president title.
On February 27, 2008, John C. Carson, Jr., was named as the third CEO of Morgan Keegan. Carson had been the head of fixed income since he joined in 1994. R. Patrick Kruczek became president.
On April 2, 2012, Morgan Keegan & Co was acquired by Raymond James Financial. The transaction created one of the country’s largest full-service wealth management and investment banking firms not headquartered on Wall Street. Upon the acquisition, Carson became president.
Read more about this topic: Raymond James Morgan Keegan
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“Why not draft executive and management brains to prepare and produce the equipment the $21-a-month draftee must use and forget this dollar-a-year tommyrot? Would we send an army into the field under a dollar-a-year General who had to be home Mondays, Wednesdays and Fridays?”
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