Will Morgan Stanley's John Mack Go The Way Of Chuck Prince And Stan O'Neal?

New York Times   |  Landon Thomas Jr.   |   November 7, 2007 01:22 PM

Read More: Charles Prince, Chuck Prince, John Mack, Morgan Stanley, Stan O'Neal, Breaking Business News
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Now it is Morgan Stanley's turn.

More than two years after the chief executive, John J. Mack, made a celebrated return to his old firm, promising to put more of the firm's capital at risk, it is becoming apparent that Morgan Stanley may have to take its own write-down for bad credit exposure.

Yesterday, David Trone, a securities analyst at Fox-Pitt Kelton, downgraded Morgan Stanley, forecasting that the brokerage firm could suffer losses of $6 billion related to the reduced value of credit investments.

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- LenP See Profile I'm a Fan of LenP permalink

WHO?

HUH?

WHAT?

    Favorite    Flag as abusive Posted 04:02 PM on 11/08/2007
- mrcontinental See Profile I'm a Fan of mrcontinental permalink

Chuck and Stan have already penciled you into their foursome and they have a confirmed tee time.

Remember to keep your head done Mack, and always repair your ballmarks.

    Favorite    Flag as abusive Posted 11:26 AM on 11/08/2007
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