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Companies' search for employees continues

Compiled from Times wires

© St. Petersburg Times,
published September 13, 2001

More than a day after two hijacked planes slammed into the World Trade Center's twin towers, banks, brokerages and financial firms said they still cannot account for about 3,000 employees.

Fred Alger Management Inc., which manages about $16-billion, said in a statement that its president, David Alger, probably died in the trade center, and it can't locate 38 of its 235-person global work force who worked on the 93rd floor of one tower. Fred Alger, the chairman and David's brother, will assume the presidency, while Dan Chung will take over as chief investment officer.

"We have experienced a loss of enormous magnitude," said Fred Alger in a statement. "However, with the core of talented and experienced professionals who have survived this unspeakable attack on democracy, we will succeed in rebuilding this firm."

Morgan Stanley Dean Witter & Co. chairman Philip Purcell said "the vast majority" of its 3,500 World Trade Center employees survived the terrorist attack.

"We have some missing people that we are looking for," he said. Morgan Stanley, which occupied 22 floors in the south tower, will "resume full operations as exchanges and markets reopen," Purcell said.

Normally 50,000 people work in the twin towers, but the first attack came when many workers were not yet in their offices. Officials estimated that 10,000 to 20,000 people were in the buildings when the first plane crashed.

Among those companies with offices in the World Trade Center:

Empire BlueCross BlueShield, the center's fourth-largest tenant, said it still hadn't accounted for 39 of its 1,914 employees.

Bank of America Corp., which had about 400 employees working in offices on floors nine through 11 and 81 of the No. 2 tower, said it was looking for its workers "one by one" and still had not located some of them.

New York-based investment bank Keefe Bruyette & Woods Inc. said more than 75 of its 170 employees in the buildings hadn't been located.

Wachovia Corp., the nation's fourth-largest bank, said it hasn't been able to contact all of its 48 capital management employees who worked in the World Trade Center.

American Express Co., the No. 4 credit-card issuer, said it believes all of its 3,000 employees who worked in or near the World trade Center complex are alive.

- Information from the Associated Press and Bloomberg News was used in this report.

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