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John Mack

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  1. John Mack Stepping Down as CEO


    Thu, 10 Sep 2009

    closed, Morgan Stanley MS announced that John Mack will be stepping down as CEO at the end ..... will be a relatively smooth transition as John Mack will continue to serve as chairman. John Mack 's continued presence and leadership is

  2. Morgan Stanley Reports Write-Down


    Wed, 19 Dec 2007

    Wednesday's announcement also makes the recent departure of president Zoe Cruz, who had appeared to be in line to succeed CEO John Mack , much more understandable. She probably shouldered much of the blame internally for these losses. Outside of the trading

  3. Morgan Stanley Reports Subprime Losses


    Thu, 8 Nov 2007

    shorting subprime securities in the first quarter; it was just caught on the wrong side of the trade this time. Under CEO John Mack , the firm has increased its appetite for risk, and it made a mistake this time around, but over the long run, we believe

  4. Morgan Announces Plans for MSCI


    Tue, 31 Jul 2007

    sell any remaining ownership of MSCI at a future date. The company is divesting itself of MSCI, an ancillary unit, as CEO John Mack continues to focus Morgan on expanding its core investment banking and wealth-management businesses. The motivation for

  5. Morgan Stanley to Spin Off Discover


    Tue, 19 Dec 2006

    has reversed course and announced plans to spin off its Discover credit card business. This surprised us, given that CEO John Mack had decided to hold on to the unit when he returned to Morgan in mid-2005. Even though Discover has strong cash flows and

  6. Mixed 3Q at Morgan Stanley


    Wed, 21 Sep 2005

    planned sale of the company's aircraft leasing portfolio. The results also included compensation charges related to new CEO John Mack 's reshuffling of management. We'll be leaving our fair value estimate unchanged while we evaluate the turnaround plans

  7. Morgan CEO Makes Quick Decisions


    Wed, 17 Aug 2005

    positive acquisition for the company and believe Gorman can breathe new life into the lackluster segment. With these corporate changes, CEO John Mack 's impact at the firm is already evident, but only time will tell if these decisions pay off.

  8. Morgan Stanley Saga Continues


    Mon, 11 Jul 2005

    with Cruz, but we believe it would be similar. This severance looks like small potatoes compared with the deal that new CEO John Mack negotiated, which would guarantee him compensation of $25 million annually. On Friday, Mack repudiated that agreement

  9. Mack Is Back at Morgan Stanley


    Thu, 30 Jun 2005

    On Thursday Morgan Stanley's MWD board of directors appointed John Mack as new chairman and CEO. While we won't be altering our fair value estimate as a result of the announcement, we do feel this

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