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John Mack
Latest Headlines
Latest Headlines
Bank holiday parties on the chopping block
With the threat of layoffs hovering over everyone, there's not a lot of good cheer to go around right now.
Perhaps the investment banking unit at Commerzbank got it right by cancelling its holiday party this year. In light of the banks' recent struggles, the move was probably a good one. If yo
Anger over Morgan Stanley party
The party that Morgan Stanley threw for departing Chairman John Mack has generated lots of headlines, most of them fairly adulatory. But the event was not without controversy.
FOXBusiness reports that some executives and employees are irate about the after-event party at the Temple of Dend
Morgan Stanley says good bye to John Mack
John Mack exits Morgan Stanley at a critical juncture.
A return to glory is not guaranteed for the broker dealer, but he had the foresight to put a succession plan in place and then stick to it. He will go down not as one of the all-time greats on Wall Street, but as one of the few executives
Gospel singer at Morgan Stanley
Most top banks--notably Goldman Sachs, JP Morgan Chase and Morgan Stanley--frown on employees pursuing other professional pursuits in their spare time.
One JP Morgan employee got in trouble for pursuing her passion for writing novels and blogging about publishing. A Morgan Stanley employee was
James Gorman stamps his brand on Morgan Stanley
One issue about the ascension of James Gorman to CEO of Morgan Stanley ( NYSE: MS ) was whether he would truly be the man in charge or a man simply answering to the former CEO but current chairman, John Mack, a big personality to be sure. Turns out Gorman has had no trouble stamping his brand on
John Mack's big pay raise raises brows
Are we in for a return of big executive paydays? John Mack ( John Mack news) wisely declined to accept a bonus over the past three years, but he's being rewarded now that he's chairman. The board last week boosted his base salary to $2 million a year from $800,000.
The salary increase resul
Tourism: Cashing in on Wall Street rogues
Annaline Dinkelmann, a former employee at Morgan Stanley ( NYSE: MS ), has been running an interesting business since 2006: she offers Wall Street Walks, narrated walking tours of the financial district that offers a rich dose of history, from revolutionary times right up to the current crisis.
New era begins at Morgan Stanley
The James Gorman era has begun at Morgan Stanley ( MS ). And he marked the moment with an interview with the New York Times . He has a fine line to walk. He has boldly declare his intention to correct the mistakes of the past. But he can't make too much of those mistakes because they happened
No anger over corporate jets this time
Recall that in 2008, automotive executives outraged many when the traveled to Washington on corporate jets to ask for bailout funds. The media had a field day. Since then, the media has feasted on stories of executive perks and excesses, and of course big bonuses at banks that were on the TARP dol
John Mack does the right thing
John Mack, the outgoing CEO of Morgan Stanley ( MS ), will not accept a bonus for 2009, even though the board offered one. That's a good move, one for which he has earned some plaudits. But what choice did he have? At a time like this, when the firm will lose money for the year and when the spot
