Hints and tips:
...In 2002, US-based Mack Truck closed its operations in neighbouring Fairfield County, eliminating hundreds of high-paying jobs overnight....
...Wives Club (1996), unexpectedly find love again in Something’s Gotta Give (2003) and, most recently, tap into her inner thirtysomething while trapped in the body of a seventysomething in the 2022 comedy Mack...
...Erick Mack of Forbes warned that the Titanic’s reincarnated successor would still have to dodge icebergs in the North Atlantic....
...Photos by Rick Pushinsky, Justin Kaneps, Preston Mack and Zakaria Zainal...
...‘Moonshine’, by Bertien van Manen, is published this month by MACK (£40)...
...Mr Gorman, who succeeded John Mack as chief executive at the start of last year, had made fixing the bank’s trading businesses a priority....
...Mr Mack, who returned to run the bank after Mr Purcell’s departure, received no cash in his 2005 or 2006 bonuses, and drew no year-end pay in his last three years....
...Mr Gorman, who succeeded John Mack as Morgan Stanley’s chief executive at the start of 2010, said he knew of no specific investors weighing a major purchase, or any potential deals involving his bank or...
...Mr Gorman, who succeeded John Mack as chief executive a year ago, has continued to tinker with the bank’s upper ranks as he shifts the bank away from outsized trading risks and toward less volatile businesses...
...Mr Mack, Morgan Stanley’s chairman, received $2m in restricted shares....
...Mr Thomas’s relocation marks the latest change to a senior management team that has been evolving since James Gorman succeeded John Mack as Morgan Stanley’s chief executive at the start of last year....
...Justin Drummond, Media Corporation’s founder and chairman, who holds a stake of 7 per cent, said the sale would add to the company’s cash reserves, which stood at £2.2m at the end of September....
...Tom Nides, a long-time aide to Morgan Stanley Chairman John Mack, who remained a key figure within the bank even after Mr Mack ceded his chief executive title to James Gorman, was confirmed by the Senate...
...Mr Gorman, who succeeded John Mack as chief executive at the start of 2010, also said that Morgan Stanley’s compensation as a percentage of revenue was abnormally high in 2009 and had to come down....
...His departure from Morgan Stanley would deprive Mr Mack of a key lieutenant, leaving a void that James Gorman, who succeeded Mr Mack as chief executive in January, could fill with an ally of his own....
...Mr Sipprelle says he has no regrets in taking on Mr Purcell, whose departure ushered in John Mack’s 2005 return as chief executive....
...Tom Nides, a long-time aide to Morgan Stanley chairman John Mack, agreed to succeed Jack Lew in the post, the White House said on Thursday....
...The change of course came shortly before the turmoil when Mr Dougan, the son of a Illinois train dispatcher, stepped in to replace John Mack, the Wall Street big-hitter who had clashed with the board over...
...James Gorman, who succeeded John Mack as chief executive, has shifted resources to client-facing and steady-growth businesses, while retreating from others that put more of the bank’s own capital at risk...
...Mr Gorman, who took over in January from John Mack, said the new client taskforce would break down internal barriers that prevented Morgan Stanley from selling a wider range of products and services to fund...
...“I would work out at the gym in Westchester [in New York state] where he was based and every Thursday morning I used to go and see him,” Mr Mack recalls....
...For a decade, trading, especially in the debt markets, was investment banks’ main profit engine and their executives’ quickest way to the top – as Goldman Sachs’ Lloyd Blankfein and Morgan Stanley’s John Mack...
...Mr Gorman, who succeeded John Mack as chief executive in January, had billed 2010 as the “year of execution”, when Morgan Stanley would begin to close the gap with its peers and reap the benefits of investments...
...Mr Mack is likely to earn about $800,000 in salary this year – a low amount for a Wall Street chief....
...Mr Mack remains the bank’s chairman....
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