John Mack, the former Morgan Stanley CEO who spent part of his exile from that firm at Pequot Capital Management, will step down as the investment bank’s chairman by the end of the year, finalternatives reports.
An announcement could come this summer, the Fox Business Network reports.
Mack stepped down as CEO of Morgan Stanley last year, handing the reins to James Gorman, his hand-picked successor. While some at the firm are likely to push for Mack to stay on, that is unlikely, Fox reports, though he could stay on in an advisory capacity…
Find out more at: http://www.finalternatives.com/node/17181
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