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Morgan Stanley CEO Feels Heat

After 'embarassing' quarter, Mack could lose his swagger— and his job

By Kevin Spak, Newser Staff

Posted Dec 20, 2007 11:37 AM CST

(Newser) – When John Mack became Morgan Stanley’s CEO in 2005, he told the company to take more risks. “You’ve lost your swagger,” he told his traders. Now, after several questionable moves and yesterday's staggering $9.4 billion writedown, swagger isn’t looking... Read full story »

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Morgan Stanley CEO Feels Heat

After 'embarassing' quarter, Mack could lose his swagger— and his job

subprime mortgages • CEO • Morgan Stanley • John Mack • Zoe Cruz • Saxxon Capital • Goldfish

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