Miles Costello reports on the settlement in New York that marks the final chapter in the former chairman's unhappy reign at Morgan Stanley Philip Purcell, the former chief executive of Morgan Stanley, is to be paid an exit bonus of about $44 million (£20 million) in cash. Taking into account the value of his accrued stock and options, this means Mr Purcell walks away from the bank with more than $110 million. According to a regulatory statement submitted yesterday, as part of an agreed departure settlement, Mr Purcell, pictured - who quit the bank last month following a sustained attack...