25 Quotes by John Mack

We're going to get some reality back in the market.

Unless some heads roll, we will return to some dark, bad, old days of the LAPD,

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.

Morgan Stanley achieved strong revenue growth this quarter, particularly across all aspects of our institutional securities business,

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

Basically, with few exceptions, we have missed the alternative class. There's certain products we've not been involved in that we should be involved in and will invest in.

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,

There is a great deal that we can and must do to improve its performance.

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