Mack Knifing Will Change Morgan

Summary


THE collapse of Lehman Brothers one year ago claimed another scalp last night, when Wall Street titan John Mack quit as the chief executive of Morgan Stanley.

An archetypal investment banker regarded as smooth and ruthless in equal measure, Mack is being replaced by a man whose background is in wealth management -- a significant shift of emphasis.

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Extract


Mack Knifing Will Change Morgan

James Gorman, a 51-year-old Australian, denies that Morgan will move away from ...

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