(January 25) – “John Mack, one of the most powerful executives on Wall Street, resigned as president of Morgan Stanley Dean Witter & Co. after losing a power struggle at the big securities firm,” ...

Dauntless real estate blog The Real Estalker reports that former Morgan Stanley CEO John Mack put his 9-bedroom Upper East Side penthouse condo on the market for $22.5 million. But that's wrong.

Under John Mack, Morgan Stanley tried to emulate Goldman Sachss formula of boosting profit through proprietary trading and investments with the firms money. That ended with a mortgage prop-trading ...