Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Tuesday, March 11, 2008

Activist Shareholder Considers Withhold Vote Campaign Against Morgan Stanley's Mack

At last year's annual meeting, Morgan Stanley CEO and Chair John J. Mack said: "Do we take a lot of risk? Yes, I think this firm has the capacity to take a lot more risk than it has in the past.”  What will he say this year?  Meanwhile, CtWInvestment Group, the activist shareholder, considers a campaign to withhold votes from Mr. Mack's re-election as director, in an effort to persuade the company to split the CEO and Chair positions.  NYTimes, Morgan Stanley Chief Grappling With New Risk.

http://lawprofessors.typepad.com/securities/2008/03/activist-shareh.html

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