John Mack
John Mack
reality
We're going to get some reality back in the market.
commission firing force found police regarding
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,
business committed deeply investing investment key management morgan
Investment Management is a key business for Morgan Stanley, one that we are deeply committed to investing in and growing.
building continued firm investment joe leadership leading role success wish
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.
affected
Small- to medium-sized transactions are typically not affected in a downturn.
benefit credit diversity inclusive mean nature opinions reached rich
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.
whatever
When you go overseas, you see excitement, for whatever reason, you don't see here.
ahead asset card continued discover earnings last management operating percent produce quarter record reflect results securities
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.
continue driving improved key members team
We now have in place the key members of the team to continue driving improved performance.