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The Day We Got Bin Laden
By Frances A. McMorris, Frances McMorris
May 2, 2011
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Perseverance. In the end, the United States never gave up looking for Osama Bin Laden, the terrorist leader who made Sept. 11 our national nightmare.
It’s been a decade. However, for the nearly 3,000 people who perished—whether they were merely coming to work in lower Manhattan, or firefighters and other first responders who were attempting to save lives, or those aboard the fated flight that crashed in Pennsylvania—Bin Laden’s death on Sunday at the hands of our military may provide some measure of closure for their loved ones.
For the financial services industry, for Wall Street, the impact has special meaning. So many lives were lost at the World Trade Center and investment banking and brokerage firm, Cantor Fitzgerald, was particularly hard hit.
As Howard W. Lutnick, the chairman and chief executive officer of Cantor Fitzgerald, wrote on the firm’s website: “It's been a long and painful 10 years since the worst attack in America's history. Now no other families will suffer the way that so many families have from his hand. On behalf of all those who perished, our heartfelt thanks go to the military and intelligence community and all those who have served our country with perseverance and fortitude and courage to bring this terrorist to justice and to make this a safer and saner world.”
President Obama, in his special address from The White House to the nation last night, described the mission that led to Bin Laden’s demise. “A small team of Americans carried out the operation with extraordinary courage and capability. No Americans were harmed. They took care to avoid civilian casualties. After a firefight, they killed Osama Bin Laden and took custody of his body.”
But the President also cautioned that Bin Laden’s “death does not mark the end of our effort. There’s no doubt that al Qaeda will continue to pursue attacks against us. We must—and we will—remain vigilant at home and abroad.”
That’s the sad part. Even though we wiped out the most significant terrorist of our time, the threat of his organization still remains with us. So, we still have challenges ahead. However, at least for now, we can take solace that we got Bin Laden.
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Growth -- the kind measured in revenue and profits -- is the ultimate goal for the entire brokerage industry. As On Wall Street editor-in-chief Frances McMorris points out, figuring out how to achieve these goals while dealing with constant change is what firms like Raymond James and its competitors are now learning to do on the fly.
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Frances McMorris was named editor-in-chief of ON WALL STREET in February 2008, after serving as executive editor since December 2004. She also created and serves as the host of AdvisorTV, an online video interview show appearing at onwallstreet.com.
From indictments to verdicts and appeals, Ms. McMorris has covered many major, high-profile cases in both federal and state courts as a legal affairs reporter for The Wall Street Journal, The New York Daily News, Newsday and The New York Law Journal. The cases that she has covered include: the seditious conspiracy trial of Sheik Oman Abdel Rahman, the blind Egyptian cleric convicted of being the spiritual mastermind of the 1993 World Trade Center; the constitutional battle over the “Don’t Ask, Don’t Tell” military policy; the Crown Heights riot murder trial; federal racketeering cases against violent gangs; the Long Island pet cemetery trial and several securities fraud and insider trading cases, among others.
The legal issues she has written about are diverse and numerous, ranging from economic espionage to employment discrimination rulings and the first story to report that there is no expectation of privacy for employee emails written in the workplace.
Ms. McMorris is a 1993 graduate of Fordham University School of Law and admitted to the New York and New Jersey bars. She has appeared on the former CNNfn to give expert commentary on trials.
She also served as president of the Newswomen’s Club of New York for three years while working as an assistant managing editor at The Daily Deal in New York.
ON WALL STREET magazine has a circulation of more than 90,000—reaching financial advisors and brokers at the most prestigious brokerage firms who serve high-net-worth and ultra-high-net-worth investors.
Frances McMorris was named editor-in-chief of ON WALL STREET in February 2008, after serving as executive editor since December 2004. She also created and serves as the host of AdvisorTV, an online video interview show appearing at onwallstreet.com.
From indictments to verdicts and appeals, Ms. McMorris has covered many major, high-profile cases in both federal and state courts as a legal affairs reporter for The Wall Street Journal, The New York Daily News, Newsday and The New York Law Journal. The cases that she has covered include: the seditious conspiracy trial of Sheik Oman Abdel Rahman, the blind Egyptian cleric convicted of being the spiritual mastermind of the 1993 World Trade Center; the constitutional battle over the “Don’t Ask, Don’t Tell” military policy; the Crown Heights riot murder trial; federal racketeering cases against violent gangs; the Long Island pet cemetery trial and several securities fraud and insider trading cases, among others.
The legal issues she has written about are diverse and numerous, ranging from economic espionage to employment discrimination rulings and the first story to report that there is no expectation of privacy for employee emails written in the workplace.
Ms. McMorris is a 1993 graduate of Fordham University School of Law and admitted to the New York and New Jersey bars. She has appeared on the former CNNfn to give expert commentary on trials.
She also served as president of the Newswomen’s Club of New York for three years while working as an assistant managing editor at The Daily Deal in New York.
ON WALL STREET magazine has a circulation of more than 90,000—reaching financial advisors and brokers at the most prestigious brokerage firms who serve high-net-worth and ultra-high-net-worth investors.
FEED
Frances McMorris was named editor-in-chief of ON WALL STREET in February 2008, after serving as executive editor since December 2004. She also created and serves as the host of AdvisorTV, an online video interview show appearing at onwallstreet.com. 
Frances McMorris was named editor-in-chief of ON WALL STREET in February 2008, after serving as executive editor since December 2004. She also created and serves as the host of AdvisorTV, an online video interview show appearing at onwallstreet.com. 
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