5 Messy Financial Firm Breakups—and One Keeping Mum
Sometimes being No. 2, or even No. 1, doesn't guarantee a future with the company.
John Mack: ‘Stop Beating Up on Lloyd and Jamie’
Former Morgan Stanley CEO talks to Bloomberg TV about Barclays' recently announced mass layoffs and whether CEOs, on and off Wall Street, are overpaid.
Former Morgan Stanley Chief Mack on Pandit: ‘Clearly There Was Unhappiness With the Board’
John Mack, former chairman and CEO of Morgan Stanley,said "there was a view clearly by shareholders that change was a good thing."
Goldman Sachs Chairman and CEO Lloyd C. Blankfein testified that at Goldman Sachs, "...we do support the extension of a fiduciary standard to broker/dealer registered representatives who provide advice to retail investors."
Crisis Culprits to Pay Back Cash?
It has been an extraordinary week, by any standard, if you were paying attention to what was happening in Washington regarding the financial crisis.
Morgan Stanley Moving Ahead With Smith Barney Venture
Morgan Stanley says it is on track to raise some $8 billion via recent equity and debt offerings, including the exercise of the over-allotment option,...
What to Expect at the Wirehouses in '09
Several months before Bank of America agreed to buy Merrill Lynch, industry expert Chip Roame of Tiburon Strategic Advisors shared his prediction of such an...
James Gorman Moves Up, as Zoe Cruz Bows Out
As of December 1, wealth-management head James Gorman, 49, and Morgan Stanley International chief Walid Chammah, 53, are co-presidents. They replace "retiring" co-president Zoe Cruz...
Subprime Mortgage Crisis 2, Financial-Service CEOs 0
Merrill Lynch says it hired former NYSE Euronext CEO John Thain on November 14 to replace the brokerage firm's ex-CEO and chairman, Stan O'Neal, who...
Thain Is New CEO of Merrill Lynch
Merrill Lynch says it hired former NYSE Euronext CEO John Thain to replace the brokerage firm's ex-CEO and chairman, Stan O'Neal, who "retired" on October 30, six days after the firm announced a write