Skip to: Content
Skip to: Site Navigation
Skip to: Search

October 6, 2008 9:06:44 PM CDT

Learn about Newser Points »

Stories related to: John Mack

Stories

6 Stories

  • September 2008

    • Short Sellers Vilified But Vindicated

      Time  |  Sep 19, 08 3:36 PM CDT

      Short Sellers Vilified But Vindicated

      (Newser) - In a memo to Morgan Stanley employees, CEO John Mack fumed that the investment bank was being attacked "by fear and rumors, and short sellers are driving our stock down." Today, following similar action in the UK, the SEC banned short selling of 799 financial companies to stem sliding prices. But while short sellers may be vultures, they aren't fools: generally, writes Time , a company's stock get shorted when it's already in trouble. More »

  • March 2008
  • December 2007

    • Morgan Stanley CEO Feels Heat

      Wall Street Journal  |  Dec 20, 07 11:37 AM CST

      Morgan Stanley CEO Feels Heat

      (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 so hot—and Mack could be sent packing, the Wall Street Journal reports. More »

      Tags

      subprime mortgages  • Morgan Stanley  • CEOs  • John Mack  • Zoe Cruz

    • Morgan Stanley Stuns With $9.4B in Writedowns

      Wall Street Journal  |  Dec 19, 07 8:10 AM CST

      Morgan Stanley Stuns With $9.4B in Writedowns

      (Newser) - Morgan Stanley, the nation's second-largest investment bank, lost $3.59 billion this quarter, its first loss ever, after taking a whopping $9.4 billion in writedowns on mortgage-backed securities. CEO John Mack, who promised to give up his 2007 bonus as penance for the losses, also announced a $5-billion cash infusion from China Investment Corp., the investment arm of the Chinese government, for a stake of 9.9% of the company. More »

  • June 2007

6 Stories

Today's Most Popular

Loading...

Premium Articles from HighBeam

Find more articles like this

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »