Fox Business - The Power to Prosper
Search Site

Wednesday, April 7, 2010 as of 11:14 AM ET

John Mack

John Mackey Award

The John Mackey Award is presented annually to college football's most outstanding tight end.

Read More at Wikipedia
WSJ: Morgan Stanley Bailed On Hedge-Fund Firm

In 2010, Morgan Stanley (MS) helped Zoe Cruz, the co-president pushed out of the firm three years earlier, launch a hedge fund by writing her a $20 million check and expressing willingness to pour in more money later.

Last month, though, Morgan Stanley asked for its money back, disappointed by the hedge fund's performance and worried about the shrinking size of Cruz's firm, according to people familiar with the matter.The retreat by Morgan Stanley was part of broader moves to sell off assets that Chief Executive James Gorman felt exposed the company to unnecessary risk or otherwise didn't serve clients, the people said.(This story and related background material will be available on The Wall Street Journal website, WSJ.com.)On Thursday, the 57-year-old Cruz told clients in a letter that she has decided to close down Voras Capital Management.The letter cited "the difficult capital-raising environment for new funds and the enormous uncertainty and volatility in the markets," according to ...

Read More

  1. Gasparino: Greifeld Looking to Extend Power at NASDAQ

    FBN's Charlie Gasparino explains why Bob Greifeld is eyeing the Chairman position at the NASDAQ.

  2. Wall Street's Biggest Losers of 2011

    Being among the biggest losers on Wall Street in 2011 is quite an accomplishment, given the incessant banker bashing from all sides of the political spectrum -- incl...

  3. Morgan Stanley Holds Pricey Party for Retiring Chairman

    FBN’s Charlie Gasparino on Morgan Stanley spending big money on a party for outgoing Chairman John Mack as its stock price plummets.

  4. Morgan Stanley Employees Fuming Over Mack's Big Bash

    A Morgan Stanley (NYSE:MS) party inside the firm’s offices last Wednesday afternoon for departing chairman John Mack has sparked a lot of chuckles among rank-and-fil...

  5. Ex-Morgan Chief Would Have Preferred Selling Shoes

    John Mack complained about “how fat” his hands are in an oil painting of himself unveiled yesterday afternoon during his Morgan Stanley retirement party, while his r...

  6. Morgan Stanley CEO: Stock Doesn't Reflect Our Strength

    Morgan Stanley (NYSE:MS) CEO James Gorman says the firm’s stock price does not reflect how "well the firm is doing," and he will try to create a more cohesive  firm ...

  7. Obama Facing No Support From Wall Street Execs

    President Barack Obama continues to enjoy support from a core group of financial executives,  particularly in the hedge fund business, but his support at major Wall ...

  8. Growing Concerns Over Morgan Stanley Business Model

    FBN’s Charlie Gasparino on the growing concerns of Morgan Stanley investors over the bank’s business model and outlook.

  9. Today's Market News - More Corporate Credit Downgrades

    Bank of America, Wells Fargo downgraded; Apple may make Dow 30

  10. Morgan Stanley Chairman Mack to retire at year-end

    By Lauren Tara LaCapra(Reuters) - Morgan Stanley Chairman John Mack, whose sharp elbows and aggressive cost-cutting tactics earned him the nickname "Mack The Knife,"...

  11. Former Lehman CEO Considers Tell-All Book

    FBN’s Charlie Gasparino on former Lehman Brothers CEO Richard Fuld considering writing a book in an effort to improve his public image.

  12. Google's Competitors Team Up for Ad Deal

    FBN's Robert Gray on news that John Mack , Morgan Stanley executive chairman, is stepping down and news that Yahoo!, Microsoft and AOL are teaming up in an advertisement deal.

  1. Business Leaders: BlackRock's Laurence Fink

    Name: Laurence Fink Born: 1952 Company: BlackRock Inc. Position: Chairman and CEO Previous roles: Director of BlackRock Education: Bachelor of Arts (1974) from UCLA ...

  2. Lloyd Blankfein Works to Repair His, Goldman Sachs’ Image

    FBN’s Charlie Gasparino on Goldman Sachs CEO Lloyd Blankfein’s media interviews in an effort to improve his image.

  3. Amazon Clicks Higher

    FBN's Ashley Webster breaks down how shares of Amazon are performing.

  4. John Mack Goes Back to Work, Joining KKR

    Private-equity giant KKR (NYSE:KKR) tapped former Wall Street heavyweight John Mack on Tuesday to join the firm as a senior advisor.Mack, 67, served as CEO at Morgan...

  5. KKR Appoints John Mack As Senior Advisor

    Kohlberg Kravis Roberts & Co. L.P. said on Tuesday that it has appointed former Morgan Stanley Chairman and Chief Executive Officer John Mack as a senior advisor to ...

  6. Bove's Defense of Banks

    FBN's Charlie Gasparino on Rochdale Securities analyst Dick Bove's upcoming book, which will defend big banks.

  7. More Layoffs at Morgan Stanley May Be Coming

    Even after slashing as many as 1,600 jobs in recent weeks, senior executives inside Morgan Stanley (NYSE:MS) are warning the rank-and-file that more may be on the wa...

‹ Prev1234Next ›
Freebase CC-BY
Source: John Mack on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL