Hints and tips:
...Famously, the blue bloods deposed Purcell in 2005 and re-installed their man John Mack atop the bank....
...fight in 2005 and replaced by Mr Mack....
...Meanwhile, on that Sunday, during Morgan Stanley’s rushed talks with Citi and JPMorgan, John Mack, Morgan Stanley’s chief, and JPMorgan executives expressed concerns over a merger....
...Mr Kindler, who worked on the merger advisory business’s legal side for 20 years as an attorney at Cravath, Swaine & Moore, left JPMorgan in April 2006 to joinMorgan Stanley under John Mack as a vice-chairman...
...With those doors shut, Dick Fuld, Lehman’s chief executive, reached out to Morgan Stanley’s John Mack, again without success....
...In a memo to staff, Mr Mack said: “There is no rational basis for the movement in our stock or credit default spreads . . ....
...John Mack, Morgan Stanley chief executive, and Lloyd Blankfein, Goldman Sachs chief executive, might now be facing some of those same choices....
...John Mack, Morgan Stanley’s chief executive, was said to be livid at the plunge in the share price....
...Additional reporting by Joanna Chung in Washington, Julie MacIntosh in New York and Jamil Anderlini in Beijing...
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