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John J. Mack (born November 17, 1944) is a senior advisor to the investment firm Kohlberg Kravis Roberts and the former CEO and chairman of the board at Morgan Stanley, the New York–based investment bank and brokerage firm.
The books focuses on the history of investment bank Morgan Stanley and on how a powerful fight within the firm was orchestrated by a group of eight retired executives, led to the removal of its then CEO, Philip J. Purcell. The group was led by S. Parker Gilbert and Robert Scott, a former Morgan Stanley chairman and president respectively. The ...
The letter served as an important catalyst in increasing the focus of the board of directors on the depth of challenges facing Morgan Stanley at the time. In June 2005, John J. Mack was named CEO of Morgan Stanley, replacing Phil Purcell. A copy of the letter is included in Patricia Beard's book Blue Blood and Mutiny: The Fight for the Soul of ...
After departing Morgan Stanley in 2001, Mack returned and became CEO in 2005. When then the housing bubble burst, the firm paid a $9.4 billion write-down on subprime investments, according to The ...
Former Morgan Stanley CEO John Mack, who last month published “Up Close and All In: Life Lessons from a Wall Street Warrior,” and ran Credit Suisse from 2001-2004, says Swiss banks continue to ...
Morgan Stanley's CEO John Mack, one of the last major survivors of the epic Wall Street collapse of 2008, is stepping down early next year -- and straight into the dustbin of history along with ...
Philip J. Purcell (born 1943) is an American businessman. Purcell is a former chairman and CEO of Morgan Stanley, where he worked in the late 1990s and 2000s. He was previously chairman and CEO of Dean Witter, Discover and managed the firm under its ownership by Sears, Roebuck & Co. He subsequently became head of Continental Investors, a ...
Morgan Stanley (MS) will keep his salary flat at $800,000 for the next year. ... It is a good thing that Wall Street veteran John Mack is fabulously rich from all the investment banks he has run ...
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