John Mack News
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Ken deRegt, a Morgan Stanley veteran called on to revamp risk-management and the fixed-income trading business after returning in February 2008, is leaving again to join investment firm Canarsie Capital Group.
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KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, is in discussions with former Central Intelligence Agency Director David Petraeus about a role at the company, according to a person with knowledge of the talks.
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John Mack, the former head of Morgan Stanley, is going into business with a 77-year-old tax lawyer who oversees more than $15 billion in investment assets for clients such as ex-basketball star Magic Johnson and the founding family of Estee Lauder Cos.
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John Mack, the former head of Morgan Stanley, is going into business with a 77-year-old tax lawyer who oversees more than $15 billion in investment assets for clients such as ex-basketball star Magic Johnson and the founding family of Estee Lauder Cos., Bloomberg News’s Miles Weiss reports.
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Former Morgan Stanley Chief Executive Officer John Mack has joined the board of startup LendingClub Corp., marking at least the third advisory role he’s taken in the past six months.
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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.
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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.
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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.
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The jump in Citigroup Inc.’s share price shows investors were pleased with the board’s decision to replace Chief Executive Officer Vikram Pandit, said John Mack, the former chairman and CEO of Morgan Stanley.
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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.
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