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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.
Purcell resigned as CEO of Morgan Stanley in June 2005 when a highly public campaign by former Morgan Stanley partners [37] [38] threatened to damage the firm and challenged his refusal to aggressively increase leverage, increase risk, enter the sub-prime mortgage business and make expensive acquisitions; the same strategies that forced Morgan ...
Edward "Ted" Pick (born October 31, 1968) is an American business executive who became the CEO of Morgan Stanley on January 1, 2024, following James P. Gorman, who remained executive chairman of the board. On January 1, 2025, Pick will succeed Gorman as chairman of the board of Morgan Stanley. [1] [2] [3]
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 ...
In 2005, in their retirement from Morgan Stanley, Scott and a group of seven other former executives launched a campaign against then-CEO of Morgan Stanley, Philip J. Purcell, to remove him from leadership of the firm. Purcell came from Dean Witter during the merger that Scott himself oversaw under a decade before.
Outgoing Morgan Stanley CEO James Gorman, who saved the company after the 2008 financial crisis, gives himself an A– for his 14-year tenure. Paolo Confino. January 4, 2024 at 4:19 PM.
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 ...
He was the main architect of Dean Witter's acquisition of Morgan Stanley in 1997, [4] and was Chairman and CEO of the merged firm (known as Morgan Stanley) from 1997-2005. During that period, the market cap of Morgan Stanley increased from $23 billion to $64 billion. He was previously chairman and CEO of Dean Witter, Discover & Co, from 1986 to ...