Morgan Stanley Talks to Mack About Being CEO
From Reuters
Morgan Stanley is in talks with former President John Mack about his possible return to the investment bank as chief executive, a source familiar with the situation said.
Mack would replace Philip J. Purcell, who announced his resignation June 13 after a bitter public battle with dissident shareholders.
Andrew Walton, a spokesman for Morgan Stanley, declined to comment.
Becoming Morgan Stanley’s CEO would be a homecoming for Mack, who in 2001 was ousted by Purcell as the brokerage’s No. 2.
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