Economy
In reply to the discussion: STOCK MARKET WATCH -- Tuesday, 27 August 2013 [View all]Hotler
(11,421 posts)You'll need a shower after reading this.
http://nymag.com/news/business/themoney/john-mack-2012-4/
Look Whos Back
John Mack is no longer at the top of Morgan Stanley. So hes getting his fix elsewhere.
While the company he headed is a shadow of its former selfthis year, Morgan Stanley is laying off 1,600 people, Moodys is threatening to downgrade its credit rating, and the share price is down 32 percent over the past twelve monthsMack stock, it seems, is up. Hes taken a position as an adviser to the China Investment Corporation, the $400 billion Chinese sovereign-wealth fund, and joined the board of Rev Worldwide, a company that specializes in prepaid debit cards. Last month, Mack scored a high-profile appointment as a senior adviser to private-equity firm Kohlberg Kravis Roberts. And those are just the things I can tell you about, he says with a chuckle.