Tuesday, March 11, 2008
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.