john mack

Nope, Angelo Mozilo won't be serving time, no matter what the evidence shows. In fact, he won't even face a trial. Wondering how the most convictable CEO among the titans who brought down the financial system is getting off so easy? The answer lies in the revolving door between Wall Street and its "regulators."

When JPMorgan Chase CEO Jamie Dimon and Bank of American (BAC) head Brian Moynihan flew today via corporate aircraft to Washington, D.C., to testify before a Congressional panel investigating the financial crisis, their mode of transport raised some eyebrows. But the furor over corporate jets, which are often the most efficient way to transport executives, distracts from the larger issues.

Morgan Stanley (MS) CEO John Mack just loves regulators -- can't get enough of them. Speaking Wednesday at a conference sponsored by Bloomberg News and Vanity Fair, Mack seemed to wish more regulators were camped out in his New York-based firm, watching its every move. He'd better hope that the...

From JPMorgan (JPM) to Goldman Sachs (GS) to Wells Fargo (WFC), it's been a year of record earnings for some of the biggest U.S. banks and investment firms. Not so for Morgan Stanley (MS), which reported its first quarterly profit in 12 months on Wednesday. Higher fees from underwriting stock and...

It is a good thing that Wall Street veteran John Mack is fabulously rich from all the investment banks he has run over the years. He's not getting a raise this year. Morgan Stanley (MS) will keep his salary flat at $800,000 for the next year. Mack's chief deputies will get modest increases to their...