Hintz Says Mack's Bonus Decision `Right Thing to Do': Video

Fri, 12/18/2009 - 14:42 EDT - Bloomberg - Video News

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Hintz Says Mack's Bonus Decision `Right Thing to Do': Video

Dec. 18 (Bloomberg) -- Brad Hintz, an analyst at Sanford C. Bernstein & Co., talks with Bloomberg's Mark Crumpton about Morgan Stanley Chief Executive Officer John Mack giving up his bonus for a third straight year. Mack, who will hand off his CEO job to James Gorman at the end of the year, cited this unprecedented environment in a memo to employees today that was confirmed by spokesman Mark Lake. Mack gave up his bonus in 2007 after the firms first quarterly loss as a public company, and in ...
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