John Mack in addition has served as the company’s chairman and CEO until his retirement in 2009. Morgan Stanley is a brokerage firm and investment bank which is now based in NYC. After his retirement, he was succeeded by James P. Gorman, his former co-president.
John Mack Net Worth $100 Million
After graduating from Duke University, John Mack worked at several firms in Wall Street before he settled at Morgan Stanley as a salesman. He spent thirty years of his life at Morgan Stanley and his duties were slowly increased. From 1985 through 1992, he served as the head of Worldwide Taxable Fixed Income Department. Two years later, he became a part of the Board of Directors. In June 1993, he became the President of Morgan Stanley. Nevertheless, his power dispute with Phil Purcell led him to leave the firm in 2001.