John Mack

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Morgan Stanley CEO's compensation plummets in 2008

AP News 15 days ago

<div id="subtitle">Morgan Stanley Chief Executive John Mack sees compensation plummet in 2008</div><div><p>Morgan Stanley Chief Executive John Mack received no raise, bonus or stock options last year, and the bank leader's total compensation, valued at $1.2 million, sank by more than $40 million ...

EXECUTIVES ON A TIGHTROPE

BusinessWeek 15 days ago

<div><h1> EXECUTIVES ON A TIGHTROPE </h1><p>In terms of job security, America's corporate chiefs are coming off a good year. As layoffs among rank-and-file employees surged to multi-decade highs, CEO turnover actually dropped.</p><p> That could change in 2009 as boards that were reluctant ...

LA cops in immigration rally clash face discipline

AP News 16 days ago

<div id="subtitle">19 LA cops face discipline over '07 immigration rally where force used against demonstrators</div><div><p>Nineteen Los Angeles police officers face discipline over the use of batons and other force on peaceful demonstrators and journalists at an immigration rights rally last year.</p><p ...

Housing group to protest at executives' homes

AP News 16 days ago

<div id="subtitle">Housing group says it will fight 'financial predators' by protesting at executives' homes</div><div><p>A non-profit housing advocacy group said Monday it will protest at the homes of those it calls "financial predators" — investors and banking executives it says are balking at ...

Wall Street offers mea culpa for meltdown

AP News 16 days ago

<div id="subtitle">Morgan Stanley's Mack offers mea culpa for meltdown as other CEOs go with humility, empathy</div><div><p>How's this for an image makeover? Someone on Wall Street is actually apologizing for any role he or his bank may have played in underwriting a housing ...

Morgan Stanley swings to loss of $177 mln

AFP Global Edition 17 days ago

<div><p>Banking giant Morgan Stanley reported Wednesday a net first-quarter loss of 177 million dollars, swinging to the red on real estate investments and an unfavorable mix of interest rates.</p><p>The Wall Street investment banking group that became a commercial bank last year to ...

Morgan Stanley, Merrill chiefs give up bonuses

AP News 17 days ago

<div id="subtitle">3 Morgan Stanley execs forego bonuses, Merrill Lynch CEO Thain and 4 others follow suit</div><div><p>The chief executives of Morgan Stanley and Merrill Lynch &amp; Co. are going without bonuses for a year that has seen Wall Street ravaged by staggering losses, ...

Morgan Stanley CEO John Mack: "I'm Sure Drugs Were a Big Deal" on Wall Street

The New York Observer 17 days ago

&lt;div&gt;&lt;p&gt;Do recessions contribute to spikes in drug use? That was the question on the lips of the philanthropists and media big wigs at the Waldorf-Astoria ballroom last night; where the Partnership for a Drug Free America's sixth annual gala was honoring Sony ...

Wall Street rallies, but not convincingly

guardian.co.uk 18 days ago

<div><p>With central banks pumping billions of dollars into the financial system and a merger deal for US investment bank Morgan Stanley getting closer, it would have been yet another disaster if Wall Street had not bounced back when it opened this afternoon.</p><p>And ...

Morgan Stanley, others may get federal lifeline

AP News 18 days ago

<div id="subtitle">Morgan Stanley, bankers may get lifeline from Washington, slowing need for forced combinations</div><div><p>America's battered financial services industry is close to getting the lifeline it was desperately seeking as government leaders sketched out a plan to rescue banks from bad debts that ...

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