Mack takes step to clean house

Article Abstract:

Newly appointed Chief Executive Officer and Chairman John Mack of Morgan Stanley has asked Stephen Crawford to step down from his role as the acting Chief Executive Officer of the securities firm. Mr. Crawford will be receiving a golden parachute of $32 million.

Compensation and benefits, Crawford, Stephen

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Changing of guard at Morgan Stanley is moving forward

Article Abstract:

The top managment shuffle at Morgan Stanley of the United States continues. John Schaefer is planning to retire by the years end and Thomas Nides is to be appointed Chief Administrative Officer of the securities giant.

Nides, Thomas, Schaefer, John

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Morgan Stanley sees salvation at higher end

Article Abstract:

John Mack, Morgan Stanley of the United States is planning to increase business by attracting wealthier clients. Mr. Mack has hired James Gorman to recreate the individual investor unit.

Gorman, James

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