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More - John Mack Quotes

Small- to medium-sized transactions are typically not affected in a downturn. - John Mack Quotes

Small- to medium-sized transactions are typically not affected in a downturn.

Morgan Stanley has tremendous strengths as a global financial services firm, but it is clear that our current level of profitability is unacceptable and we need to improve our performance, ... Our overriding goal for Morgan Stanley is to be the clear leader in offering premier, innovative financial services to our clients, while delivering superior returns to our shareholders. The decisions to keep Discover, divest the aircraft leasing business and strengthen our retail business are our first steps toward achieving that goal. - John Mack Quotes

Morgan Stanley has tremendous strengths as a global financial services firm, but it is clear that our current level of profitability is unacceptable and we need to improve our performance, ... Our overriding goal for Morgan Stanley is to be the clear leader in offering premier, innovative financial services to our clients, while delivering superior returns to our shareholders. The decisions to keep Discover, divest the aircraft leasing business and strengthen our retail business are our first steps toward achieving that goal.

The US credit card industry is in a low-growth stage right now Ã¢â¬â about 3 to 5 percent annually Ã¢â¬â and the rising cost of funds puts additional pressure on earnings in the short term. But given the strengths of Discover, its powerful brand name and its continuing strong return on investment, retaining the business and investing in it over time give us a good chance to create value through domestic growth in excess of industry trends, growth in international profit and the unique opportunities in the payments business.

Investment Management is a key business for Morgan Stanley, one that we are deeply committed to investing in and growing. - John Mack Quotes

Investment Management is a key business for Morgan Stanley, one that we are deeply committed to investing in and growing.

We continued to produce outstanding results, with nine-month earnings 35 percent ahead of last year's record pace. Our third-quarter results reflect significant breadth, with record operating results in Discover Card and asset management and another outstanding quarter in the securities business. - John Mack Quotes

We continued to produce outstanding results, with nine-month earnings 35 percent ahead of last year's record pace. Our third-quarter results reflect significant breadth, with record operating results in Discover Card and asset management and another outstanding quarter in the securities business.

To compete effectively with other top-tier financial services firms, we need to drive down cost and seek ways to operate more effectively, - John Mack Quotes

To compete effectively with other top-tier financial services firms, we need to drive down cost and seek ways to operate more effectively,

Nothing can get better than that. As a comedy writer, this ranks right up there with Bill Clinton dating an intern. - John Mack Quotes

Nothing can get better than that. As a comedy writer, this ranks right up there with Bill Clinton dating an intern.

We certainly see a lot of people coming to us with Internet businesses to sell, ... But the deals are not getting done because these companies have no revenue and no tangible assets. - John Mack Quotes

We certainly see a lot of people coming to us with Internet businesses to sell, ... But the deals are not getting done because these companies have no revenue and no tangible assets.

I also believe, John, that your ability to accelerate the changes needed can be facilitated by a remake of Morgan Stanley's Board of Directors, - John Mack Quotes

I also believe, John, that your ability to accelerate the changes needed can be facilitated by a remake of Morgan Stanley's Board of Directors,

Given the management changes and other distractions the firm has haced over the past nine months, this impressive performance is a testament to the talent and commitment of our people and the fundamental strength of our franchise, - John Mack Quotes

Given the management changes and other distractions the firm has haced over the past nine months, this impressive performance is a testament to the talent and commitment of our people and the fundamental strength of our franchise,

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