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John Mack on Saving Morgan Stanley, Inside the Bunker (video)
John Mack on Saving Morgan Stanley, Inside the Bunker (video)
During the depths of the global financial meltdown in September 2008, John Mack faced the most critical moment of his tenure as CEO of Morgan Stanley. The in...
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Write-Offs: 10.26.09
Dealbreaker — $$$ "Raj has retained John Dowd of the Washington, D.C.-based firm Akin Gump to represent him going forward, and we are pleased Raj will continue to get great legal representation from such a fine group of lawyers," Mr. Walden said in a statement. "Rest assured, his team will not miss a beat and is already well prepared to help him fight these charges and clear his name." [Dealbook] $$$ J-Vanka Will Have a Second Wedding Reception for People Who Weren't Good Enough to Be Invited to the First One [NYM] $$$ Fink's Hedge Fund Plans Gold Fund [FINalternatives] $$$ John Mack on saving Morgan Stanley ...

Mack on the Week Morgan Stanley Fought to Survive
DealBook — No matter how he tells it, whenever John J. Mack recounts the week his firm nearly died, the stress still comes through in his voice. In a speech to the University of Pennsylvania ’s Wharton School last month, the Morgan Stanley chairman and outgoing chief executive described what it was like being in the investment bank’s c-suite during the chaos that ensued that week last September. (Much of what he describes matches the account in “Too Big to Fail,” the new book by DealBook’s Andrew Ross Sorkin, which was excerpted here .) Still, what Mr. Mack tells the Wharton students in his North Carolinian drawl remains compelling. He relates many well-known ...

Randoms: A Devil of a Level
Minyanville — Where there's smoke, there's Geithner ? The recent FASB board meeting was on the 11th and the main topics of discussion surrounded concerns and implications of 167 ruling, and improving disclosures about Fair Value measurement (mainly focusing on Level 3 disclosures). Any time an accounting standard can take down an entire capital market construct, you have to ask how stable the capital market construct is to begin with. But Minyans know this already, right ? A little historical perspective on the magnitude of the current U.S Dollar carry trade . When the home of the Dodo bird starts taking down physical gold , you gotta wonder if we're at ...

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