Morgan Stanley board supports Mack as chairman

It's in vogue these days for boards to split the CEO and chairman jobs in the name of good corporate governance. You would think it would be an easy sell at Morgan Stanley, where John Mack holds both titles. Well, we're going to find out. As you know, CtW Investment Group, an organization representing several unions, has Morgan Stanley in its sights. MarketWatch reports the board has just sent a letter to shareholders asking them to reject a proposal that would require a split. We'll get an idea of just how angry shareholders are at execs for allowing the credit crunch to get so out of hand.  

For more:
- here's the MarketWatch article

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