John Mack
John Mack
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Joe Roby's leadership during his 28 years at DLJ was instrumental in building that firm into a leading investment bank, ... We wish Joe continued success in his new role at CSFB.
achieving aircraft business clear current decisions delivering financial global goal improve innovative leader level morgan offering retail returns services stanley steps strengthen strengths superior toward tremendous
Morgan Stanley has tremendous strengths as a global financial services firm, but it is clear that our current level of profitability is unacceptable and we need to improve our performance, ... Our overriding goal for Morgan Stanley is to be the clear leader in offering premier, innovative financial services to our clients, while delivering superior returns to our shareholders. The decisions to keep Discover, divest the aircraft leasing business and strengthen our retail business are our first steps toward achieving that goal.
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Regarding use of force, firing of the weapon, the police commission found that the use of force was out of policy.
aircraft business fits
Aircraft leasing is not a business that fits with our strategy.
human life loss serious
This is a very serious matter. Any loss of human life is tragic, especially if it is a 13-year-old young boy.
achieved across aspects growth morgan revenue securities stanley strong
Morgan Stanley achieved strong revenue growth this quarter, particularly across all aspects of our institutional securities business,
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Investment Management is a key business for Morgan Stanley, one that we are deeply committed to investing in and growing.
affected
Small- to medium-sized transactions are typically not affected in a downturn.
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Nothing can get better than that. As a comedy writer, this ranks right up there with Bill Clinton dating an intern.
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It's to the mayor's credit that he reached out. The inclusive nature of his appointments will mean a rich new diversity of opinions and ideas, to the benefit of the city.
business fit strong
AWAS is a strong business with superb management, but it does not fit our strategy.
additional brand business card chance continuing cost create credit domestic earnings excess funds given good growth industry investing name percent powerful pressure profit puts retaining return rising short stage strengths strong time unique value
The US credit card industry is in a low-growth stage right now about 3 to 5 percent annually and the rising cost of funds puts additional pressure on earnings in the short term. But given the strengths of Discover, its powerful brand name and its continuing strong return on investment, retaining the business and investing in it over time give us a good chance to create value through domestic growth in excess of industry trends, growth in international profit and the unique opportunities in the payments business.
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When you go overseas, you see excitement, for whatever reason, you don't see here.
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We continued to produce outstanding results, with nine-month earnings 35 percent ahead of last year's record pace. Our third-quarter results reflect significant breadth, with record operating results in Discover Card and asset management and another outstanding quarter in the securities business.