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John Mack news from FierceFinance
News
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... Read more...
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... Read more...
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... Read more...
Can Morgan Stanley catch Goldman Sachs?
The James Gorman era has begun. The once and future king of Morgan Stanley (MS), with John Mack hovering as chairman for two years, announced a series of executive changes with an eye on catching up... Read more...
Goldman Sachs is different
When John Mack, CEO of Morgan Stanley (MS), apologized for his bank's role in the credit crunch while visiting Congress, the move generated little controversy. Some people even praised the move. When... Read more...
Lots of PR advice for Goldman Sachs, banks
It's no secret that Goldman Sachs has some PR challenges right now. Which spells potential revenue for the many PR-related firms out there. The New York Times reports, "Sitting before an audience of... Read more...
Why has Morgan Stanley rallied?
John Mack, who delivered a riveting speech at Wharton recently, certainly took his lumps in the financial crisis. There were many calls for him to step down, and his bank was near the brink--but it... Read more...
A remarkable video of John Mack
John Mack delivered an amazing speech at Wharton and fortunately it has been posted on YouTube. It appears to be a brutally honest look at Morgan Stanley (MS) at the nadir of the crisis. It's full of... Read more...
Morgan Stanley still lagging Goldman Sachs
The good news is that Morgan Stanley (MS) ended a string of three straight quarterly losses in the third quarter. Morgan Stanley posted a profit from continuing operations of 38 cents a share. Which... Read more...
The CEO merry go round
CIT chief executive Jeffrey Peek has become the latest big-name CEO to step down amid the gargantuan credit crunch that has proved the undoing of so many top executives. The list is worth reviewing:... Read more...



