John Mack on Saving Morgan Stanley, Inside the Bunker

During the depths of the global financial meltdown in September 2008, John Mack faced the most critical moment of his tenure as CEO of Morgan Stanley. The investment bank was nearly out of cash, its stock price was plunging into the single digits and Treasury officials were pressuring him to sell the firm to JPMorgan Chase for a price as low as $1. During a recent Wharton Leadership Lecture, Mack offered an insiders take on his battle to preserve thousands of jobs as well as one of the best-known names on Wall Street.

Category:

Education

Tags:

• John Mack
• Wharton
• Knowledge at Wharton
• JPMorgan Chase
• Morgan Stanley
• Tim Geithner
• investment bank
• stock price
• Treasury
• Preserve jobs
• Wall Street

[JimboWHO]

Gripping. I like this guy.

[richardr105]

crosbyyacht-

The true story about the current disaster this Country is in started yrs ago + was growing especially after Greenspan cut rates to zero right after 9/11 and left them too low for too long. This helped fuel a speculative bubble in real estate which the banks+ Wall St got drunk on by repackaging+ selling. Where was Congress who had legal responsibility to oversee FNMA? Why has no one sued the rating agencies for giving all this crap AAA ratings? Wall St's no angel but plenty of blame

[TrippingTheTube]

Welcome to Fascism USA.!

[TrippingTheTube]

Thank God this story has a happy ending!!! NOT!!!!

[TrippingTheTube]

 It's too bad they didn't let you just go out completely. Actually more than too bad, it's criminal. Really.

[TrippingTheTube]

I feel sorry for any students who believe any crap this guy has to say.

[TrippingTheTube]

This guy's a scumbag. None of these banks should be standing right now.

[StefanDocken]

one of the best movie that i ever watched..saw this in webmovietube

[MorrisMacpartland]

wow..amazing..awesome..just watched this in webmovietube

[OceanWushi]

BIG SWINGING DICK