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Ouch! Morgan Stanley's 4Q results were not good. The bank lost $3.61 per share in the period, far greater than the 39 cents expected on average by analysts. Writedowns for the quarter totaled $9.4... Read more...
We've noted that a lack of succession planning has really come back to bite Merrill Lynch and Citigroup. Fresh from an announcement of $3.7 billion in writedowns, John Mack, CEO of Morgan Stanley, is... Read more...
A series of top investment bankers left Morgan Stanley before CEO John Mack took over. So it was natural to assume that he might have picked one to head up the firm's investment banking operations.... Read more...