February 11, 2009
We love what we do. If you gave me no bonus in the best years, I would still be here. John Mack, CEO of Morgan Stanley, in testimony before the House Financial Services Committee, February 11, 2009 When Mr. Mack rejoined Morgan Stanley in June 2005, he was awarded stock worth $26 million on day-one, [...]
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December 20, 2007
Declining bonuses this year? How about boards showing a little spine and demanding that executives give back a chunk of the oversized paychecks that were awarded in the years when these ill-fated decisions were being made. It’s dangerous to be walking around Wall Street these days. You never quite know when another company will hit [...]
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