Dean Witter has also raised the maximum pay for all of its compliance jobs by 30 percent.

Dean Witter may also have to grapple with compensation issues.

Dean Witter has expressed a similar desire to keep its fund clients in house.

Dean Witter does not have nearly as extensive a research or investment banking operation.

Dean Witter would lead his company until his death in 1969.

Dean Witter, on the other hand, is a sales machine.

Dean Witter will bring expertise, technology and financial products to the deal.

"Dean Witter has done a good job of adding assets."

Dean Witter's brokerage profits rose 42 percent, to $106.7 million.

Dean Witter has about 20,000 employees, but it could not be determined how many work in the affected areas.