Morgan Stanley's John Mack Swings Into Action

As Morgan Stanley’s stock price spiraled downward one day after the firm announced the strongest profits on Wall Street on Tuesday, CEO John J. Mack swung into action. Mack made calls to Treasury Secretary Hank Paulson, SEC chairman Christopher Cox, New York senator Chuck Schumer, and Hillary Clinton, asking them all to take steps to stop short sellers from driving Morgan Stanley’s stock down further.

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