Posts Tagged ‘john mack’
Saxon Mortgage parent Morgan Stanley has seen fit to give the company chairman a 150 percent pay raise. Meanwhile Saxon Mortgage can’t even endorse and return my insurance check in a timely manner. Here is why they think Mack is worth the money:
There are changes at Morgan Stanely, parent company of Saxon Mortgage. Morgan Stanley Chief Executive John Mack is stepping down and will be replaced by retail brokerage head James Gorman, signaling the storied bank is embracing stable businesses after losing big on risky ones. Personally I think the move is made before Saxon Mortgage is exposed and sued.