white men with money

John Mack Will Step Down As Morgan Stanley’s Chairman at the End of the Year

He’ll keep a presence at the firm in a “senior advisory role.” As expected, Mack will be succeeded by CEO James Gorman, meaning Morgan Stanley is streamlining the two jobs — joining Goldman Sachs and JPMorgan Chase in taking that route. [Dealbook/NYT]

John Mack Will Step Down As Morgan Stanley’s Chairman at the End of the Year