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Morgan Stanley CFO Ruth Porat to be Google's new CFO
Morgan Stanley CFO Ruth Porat to be Google's new CFO

The balance of power between Wall Street and Silicon Valley shifted another degree westward. Ruth Porat, chief financial officer of Morgan Stanley, is leaving to take the same job at Google Inc., a symbolically significant move by a high-profile Wall Street executive — and one of the financial industry's most prominent women. Porat's move after 28 years at the white-shoe banking firm surprised both the high-tech and the high-finance worlds, and observers said it signaled deeper shifts between the two sectors. "It'll definitely turn some heads," said David Arnold, president of Arnold Partners, a Los Gatos, Calif., executive search firm. He said he placed...

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