To: All Employees From: John Mack That was really fucking close, people.I am pleased to let you know that we have officially closed today on our $9 billion equity investment from Mitsubishi UFJ Financial Group (MUFG) - a day earlier...

Silence on the Morgan Stanley front cannot be good. For all our ribbing, Japanese financial institutions are not stupid. Walking into a transaction that begins with a de facto loss of rather significant proportions is unlikely in the extreme. And...