John Mack

Morgan Stanley Chairman Resigns

Posted 11.15.2011

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 Denies Report It Could Lay Off 'Possibly Thousands Of Jobs'

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...

On Obama, Wall Street Shows A Reluctance To Commit

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....

PHOTOS: Billy Crudup As Geithner?

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 ...

It's Time to Remember Tom Bradley (Part 2)

Michael Sigman | Posted 05.25.2011

Michael Sigman

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.

Goldman Sachs in Troubled Waters

Georges Ugeux | Posted 05.25.2011

Georges Ugeux

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.

Casting 'Too Big To Fail': Which Celebs Should Appear In The Movie Of The Financial Crisis? (PHOTOS)

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...

Hank Paulson: 'A Young Paul Newman' Would Best Portray Me On Film

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...

3 Words I Wish Big Finance Would Learn

Dr. Jim Taylor | Posted 05.25.2011

Dr. Jim Taylor

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.

Wall Street Bankers Are Overpaid, Says Morgan Stanley Chairman John Mack

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...

Meredith Whitney: Banks 'Grossly Overvalued,' Wall St. Should Have Its Own Compass

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...

Bank Of America CEO Moynihan: 'No Disconnect' In Lavish Exec Bonuses (VIDEO)

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...

Defiant Wall Street Welfare Kings Come to Washington

Joseph A. Palermo | Posted 05.25.2011

Joseph A. Palermo

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.

Wall Street Tells the President of the United States to Bugger Off

Raymond J. Learsy | Posted 05.25.2011

Raymond J. Learsy

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.

Sunday Roundup

Arianna Huffington | Posted 05.25.2011

Arianna Huffington

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.

Michael Hirsh: Financial Crisis Inquiry: Just Political Theater?

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...

2009 CEO Turnover Rate At Lowest Point In Five Years

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...

Andrew Ross Sorkin: Morgan Stanley, Goldman Sachs Were On The Verge Of Collapse Last Fall (VIDEO)

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...

John Mack, Morgan Stanley CEO: I Love Regulators! (VIDEO)

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...

Here Comes the Story of the "Hurricane"

Dylan Ratigan | Posted 05.25.2011

Dylan Ratigan

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.

Shahien Nasiripour

Financial Crisis Commission Testimony: READ The Latest Updates

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...

Wall Street Bankers Put Obama On Hold

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...

Rolfe Winkler: Angelides' Financial Crisis Inquiry Commission Can crisis inquiry live up to 1930s trailblazer?

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 ...

FCIC Commissioner Asks Public For Questions, HuffPost Readers Answer

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...

John Mack, Morgan Stanley CEO, To Forgo A Bonus For Third Straight Year

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...