Morgan Stanley CEO: Unclear on the concept
Bob Morris @ Sep 18th 2008 00:46 - Category: Unfiled
Morgan Stanley CEO John Mack has been complaining bitterly about how those evil-intentioned short sellers have been driving down the price of their stock (it got clobbered yesterday, down nearly 25%) but the NY Times is now quoting him as having said “We need a merger partner or we’re not going to make it” to the CEO of Citi.
If he thought the sharks smelled blood in the water yesterday, wait until today when the market opens…
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