Ep 45: John Mack — Wall Street Legend & Former Morgan Stanley CEO
Joe Lonsdale: American Optimist
What's the Worst Case?
When Morgan Stanley was in crisis mode, the bank's CEO called Jamie Diamond to ask for $2 a share. He said he wouldn't do it because his return on equity would have been so low. The Japanese did come in and they've been great partners; firm is now flourishing.
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