Eyebrows Are Raised Over Morgan StanleyMorgan Stanley CEO John Mack grapples with plummeting profits and a rogue trader, a summer associate messes with the wrong guy at the company picnic, and Rachael Ray buys in the Hamptons, in our daily roundup of finance, law, media, and real-estate news.
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Ex–Martha Stewart CEO Is Out and LunchingRecently freed Martha CEO Susan Lyne may have a gig lined up already, Realtors claim the ‘Sex and the City’ movie has done for property what the show did for shoes, and New York judges finally get a pay raise, in today’s roundup of media, real-estate, law, and finance news.