John Mack

  • 12 Dec 2011 at 4:43 PM

John Mack Can Have His Artisanal Pigs-In-A-Blanket Sans Flak When Morgan Stanley’s Stock Price Hits Triple Digits

By Bess Levin

…it was an after-party for Mack that now has both current and future Morgan Stanley executives fuming. That party, according to people who were invited, took place at the swanky Temple of Dendur in the Metropolitan Museum of Art in Manhattan. The Temple features ancient Egyptian art and artifacts, where people with big bucks can sip wine and munch on expensive hors d’oeuvres as if they were hanging with Cleopatra…But what has some Morgan executives, both past and present, angered is the cost for the Temple bash and that Morgan appears to have picked up the tab, according to people close to the firm. To be sure, the price of renting a room at the Temple isn’t cheap. Corporations that become “patrons” of the Met pay an up-front fee of $60,000, which allows them to rent the Temple once a year and then pay an additional $38,000 to hold a two-hour reception. “Take a look at the stock price and tell me why they should be spending company money on this crap,” one former senior executive told FOX Business. [FBN]

  • 08 Dec 2011 at 10:59 AM

John Mack: If I Wasn’t A Banker, I Would Have Been A Women’s Shoe Salesman

By Bess Levin

As you may have heard, yesterday afternoon, Morgan Stanley held a little good-bye party for John Mack, who will step down as chairman at the end of the year. What are Mack’s plans for the retirement phase of his life? Will he sail around the world? Restore old cars? Work on his golf game? Take up fly fishing? Move back down to his native North Carolina? Teach a course on business at his alma mater, Duke University? While those would all be admirable pursuits, it’s not likely Mack will have the time for them. Because John Mack, you see, has his sights set on something bigger. The realization of a dream, if you will. The dream of selling women’s shoes. Continue reading »

  • 27 Jun 2011 at 12:12 PM

Let’s Help John Mack Name His Book

By Bess Levin

Over the weekend Charlie Gasparino reported that John Mack is expected to retire as chairman of Morgan Stanley at the end of the year. According to Chaz, Mack will use some of his newfound time to write a book. It’s still in the early stages, though, and probably untitled. So! Continue reading »

  • 12 Apr 2011 at 6:17 PM

Would Matt Taibbi Have Been Less Angry About John Mack’s Wife’s TALF Fund If The Former Morgan Stanley CEO Waxed His Eyebrows?

By Bess Levin

A passage from his latest screed implies as much. Continue reading »

  • 12 Apr 2011 at 10:27 AM

John Mack Not The Only Money Maker In The Fam

By Bess Levin

His wife, Christy Mack, started her own business in 2009, called Waterfall TALF Opportunity, which has apparently netted the Macks some pocket change. Continue reading »

  • 22 Feb 2011 at 9:45 AM

What Kinds Of Gun Does John Mack Own, Bring To Business-Related Meetings?

By Bess Levin

If you’ve been keeping up with your firearms news, you probably learned over the weekend that Morgan Stanley chairman John Mack counts himself among the 37,000-plus people licensed to own up to 25 handguns in New York. And not just in his home in Westchester where he might need protection from the Chappaqua riffraff– Mack has permission to bring his gun into the city. Naturally, this revelation brings up a couple of questions. Continue reading »

  • 10 Feb 2011 at 10:15 AM

Which ‘Very Powerful, Highly Respected Banker’ Did Donald Trump Allegedly Have To Carry Out Of The Waldorf Because He Was So Hammered?

By Bess Levin

Here’s what the Don said last night on CNN’s “Piers Morgan Tonight” when asked about mingling with sauced up members of the business community:

“There’s a banker — and obviously I’m not going to mention names…I’ll never forget a very respected banker, highly respected. And he was making a speech at the Waldorf Astoria. And he was very tipsy, very — and shortly thereafter, he was just totally stone cold drunk. There were probably 2,000 people, 1,500 people at this dinner. It was a very big event. And we carried him out on his back. We carried him out literally on his back and — And I never felt the same way about him.

Trump went on to say he can’t even look at the guy anymore and that he’s “lost all respect” for him. Choking back tears**, Trump wouldn’t say who his fallen hero is or if he had to hold the guy’s hair back as he vomited on the street corner but he did offer one more clue. Continue reading »