Morgan Stanley Chairman Resigns
Morgan Stanley Chairman John Mack, whose sharp elbows and aggressive cost-cutting tactics earned him the nickname "Mack The Knife," will step dow...
Morgan Stanley Chairman John Mack, whose sharp elbows and aggressive cost-cutting tactics earned him the nickname "Mack The Knife," will step dow...
Posted 09.13.2011
NEW YORK (Lauren Tara LaCapra) - Morgan Stanley (MS.N) might lay off more workers than the few hundred underperforming financial advisers it previ...
The New York Times | ANDREW ROSS SORKIN | Posted 08.27.2011
President Obama's $35,800-a-plate fund-raising dinner was the talk of Wall Street last week....
Posted 05.25.2011
An HBO movie about the biggest financial crisis since the Great Depression has drawn an all-star cast, the Hollywood Reporter notes. Slated to appear ...
Michael Sigman | Posted 05.25.2011
The story of Bradley's record-breaking five mayoral terms and central role in L.A.'s transformation to world-class status is far more than an overdue bit of historical housekeeping.
Georges Ugeux | Posted 05.25.2011
Wall Street has long forgotten how to spell "ethical" or "good," and replaced it with "compliant" and "legal." The time has come to explain to investment banks what their responsibility and accountability are.
Huffington Post | Ryan McCarthy and Grace Kiser | Posted 05.25.2011
It was just a matter of time before Hollywood got its hooks into the financial crisis. HBO recently announced that it had bought the rights to And...
Postcards | Patricia Sellers | Posted 05.25.2011
In an interview with John Mack at NYU's Stern School last night, Patricia Sellers writes, "...Mack truly flustered the former Treasury boss when he as...
Dr. Jim Taylor | Posted 05.25.2011
It has been shocking and bewildering to watch the behavior of some of the top banking CEOs in recent months, punctuated by the appearance of four of these executives before Congress last month.
Bloomberg | Posted 05.25.2011
Morgan Stanley Chairman John Mack said investment bankers are overpaid and Wall Street compensation won't decrease much because firms don't want to lo...
Posted 05.25.2011
Wall Street analyst Meredith Whitney appeared on Bloomberg Radio this morning to respond to comments made by John Mack, the CEO of Morgan Stanley, tha...
Posted 05.25.2011
ABC News caught up with the nation's top banking CEOs after they left Congress's financial hearings and the contrite attitude they displayed to Congre...
Joseph A. Palermo | Posted 05.25.2011
Geithner has distinguished himself as the Joe Lieberman of the Obama Administration. The "Financial Crisis Inquiry Commission" cannot succeed because the Secretary of the Treasury doesn't want it to succeed.
Raymond J. Learsy | Posted 05.25.2011
With the nation up in arms about the perversity of pouring billions into the coffers of the banks the symbolism of the three CEO's tone deaf failure to be present in Washington is beyond understanding.
Arianna Huffington | Posted 05.25.2011
This week, Obama's pay czar announced he'd be slashing executive pay at seven of the biggest recipients of bailout billions. So it's no surprise that many of Wall Street's Masters of the Universe didn't turn up at the New York fundraiser President Obama spoke at -- choosing instead to attend a party thrown to toast the release of Too Big To Fail, Andrew Ross Sorkin's blow-by-blow account of the meltdown. There, enjoying cocktails and finger food, were many of the central players, including Jamie Dimon of JP Morgan and John Mack of Morgan Stanley. Which is kind of like Hannibal Lecter showing up for the opening of Silence of the Lambs. Perhaps they take comfort in Sorkin's assessment that when it comes to reforming Wall Street "the Obama administration seems to have moved on to other priorities." I need a drink.
newsweek.com | Michael Hirsh | Posted 05.25.2011
One sure measure of a successful Washington hearing is the presence of tension, lots of it. Key witnesses are put on the spot. Truths are revealed und...
Los Angeles Times | Tiffany Hsu | Posted 05.25.2011
The nation's companies reported that 1,227 chief executives vacated their posts during 2009, the lowest level in five years, according to a survey tod...
Huffington Post | Grace Kiser | Posted 05.25.2011
Don't buy the assertions that banks like Goldman Sachs would have survived the financial crisis without a taxpayer bailout. According to Too Big To F...
Posted 05.25.2011
Morgan Stanley CEO John Mack appears to have no problem financial regulators. In fact, Mack, speaking at a financial journalist panel held by Bloomber...
Dylan Ratigan | Posted 05.25.2011
Wall Street may claim the crisis was caused by a perfect storm, but the only thing perfect about it was their ability to line their pockets at the expense of our country.
HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011
FINANCIAL CRISIS INQUIRY COMMISSION UPDATES: The Financial Crisis Inquiry Commission held its first hearing in Washington today; with another session...
nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011
President Obama didn't exactly look thrilled as he stared at the Polycom speakerphone in front of him. "Well, I appreciate you guys calling in," he be...
Reuters | Rolfe Winkler | Posted 05.25.2011
Ferdinand Pecora turned a tame United States investigation of the 1929 Crash into an expose that spawned far-reaching banking reform. Despite flashes ...
Posted 05.25.2011
Bill Thomas, vice chairman of Financial Crisis Inquiry Commission (FCIC) is asking Americans to submit their questions for bankers the commission is s...
AP | Michael J. Moore and Christine Harper | Posted 05.25.2011
NEW YORK — Morgan Stanley's outgoing CEO John Mack has declined a bonus for the third year in a row. In a memo sent to the investment bank's em...
Posted 11.15.2011