http://www.forexfuturestrades.com Guide to Forex Trading and Investment Fri, 21 Oct 2011 19:43:02 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 http://www.forexfuturestrades.com/personal-finance/morgan-stanley-ceo-john-mack-steps-down-bloomberg/ http://www.forexfuturestrades.com/personal-finance/morgan-stanley-ceo-john-mack-steps-down-bloomberg/#comments Wed, 10 Mar 2010 20:43:20 +0000 admin http://www.forexfuturestrades.com/personal-finance/morgan-stanley-ceo-john-mack-steps-down-bloomberg/
James Gorman to Succeed John Mack as CEO, Mack Will Remain Chairman; Initial Reaction with Michael Hecht of JMP Securities; Further Reaction with Michael Holland (Bloomberg News)

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During the depths of the global financial meltdown in September 2008, John Mack faced the most critical moment of his tenure as CEO of Morgan Stanley. The investment bank was nearly out of cash, its stock price was plunging into the single digits and Treasury officials were pressuring him to sell the firm to jpmorgan Chase for a price as low as $1. During a recent Wharton Leadership Lecture, Mack offered an insiders take on his battle to preserve thousands of jobs as well as one of the best-known names on Wall Street.

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