John Mack, the former chief executive officer of Morgan Stanley, said he’s leaving the board of Russian oil producer OAO Rosneft, a month after the U.S. sanctioned the firm’s CEO.
Morgan Stanley more than doubled Chairman John Mack ’s annual base salary to $2 million, the first increase since he rejoined the firm in 2005.
Grant Hill spent much of his tenure with the Orlando Magic in the trainer’s room, where to the chagrin of him and teammate Pat Garrity, control of the television remote was governed by majority rule.
John Mack will cede his chairman role at Morgan Stanley to Chief Executive Officer James Gorman on Jan. 1, capping a 35-year career at the firm that included record losses and a government bailout.
Morgan Stanley more than doubled Chairman John Mack ’s annual base salary to $2 million effective June 1, according to a regulatory filing by the bank.
KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, named former Morgan Stanley Chief Executive Officer John Mack as a senior adviser.
The pitch was enticing. At a time when the Standard & Poor’s 500 Index had suffered a decline of 41 percent in the previous three years, Morgan Stanley was offering its clients the possibility of some relief.
Former Morgan Stanley Chief Executive Officer John Mack said compensation on Wall Street needs to be lowered as firms face higher capital requirements and focus on reducing risk.